One of Africa’s leading financial institutions, the United Bank for Africa (UBA), has sent its Chief Executive Officer Kennedy Uzoka to the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.
The WEF is a Swiss nonprofit foundation based in Cologny, Geneva, that is recognized by Swiss authorities as an international body to improve the state of the world by engaging business, political, academic, and other leaders to shape global, regional, and industry agendas. It is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland.
The meeting will bring together over 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world.
The UBA delegation will interact with global business and political leaders during the event.
A statement from the bank said the delegation will also include Group Head of Correspondent Banking Sola Yomi-Ajayi and Head of Embassies and Development Organizations ( EMDOs) Dupe K. Outsole, responsible for relationships with multilateral and development organizations.
UBA is present in 19 African countries, as well as in London, New York and Paris.
The WEF will provide a forum for UBA to build engagement with international institutions.
UBA CEO Uzoka said in a release about the event: “It is critical that UBA joins world business and political leaders to discuss issues central to the progress of our world, and with specific relevance to the continent of Africa.
“UBA is the natural partner for those seeking access to Africa’s business opportunities – we look forward to engaging with the world’s business community – to show that Africa is open to business and that UBA is ready to partner.”
He said as a bank operating in Nigeria, Africa’s largest economy, and other African countries, UBA evolved into a pan-African provider of banking and related financial services to more than 11 million customers, through diverse channels.
Despite the current strong economic headwinds across Africa, the Group is committed to increasing its pan-African footprint, officials said. According to its website, the bank’s “strength in corporate banking, payment technology, trade finance, and its million-strong customer base make UBA a natural partner for global businesses focused on the African opportunity.”