ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Our African operations are profitable, contribute 50% to Group earnings says UBA Africa CEO

Wed, May 31 2023 9:57 AM
in Ghana General News
our african operations are profitable contribute 50 to group earnings says uba africa ceo
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
Abiola Bawuah

Africa’s Global bank, United Bank for Africa (UBA) Plc, has announced that all its African subsidiaries are now on firm footing as they have been contributing maximally to the group’s profit margin.

 Specifically, the bank’s African operations have contributed close to 50% of the group’s earnings, leveraging on digital offerings and products across board to gain large market shares across the different regions of operations in Africa.

The Executive Director/CEO of UBA Africa, Abiola Bawuah noted that notwithstanding the impact of devaluations and double-digit inflation in Nigeria and a number of other African countries where the bank operates, the subsidiaries have been performing well.

She told journalists from across Africa during a hybrid media parley on Thursday, that by doing so the Bank is contributing significantly to the growth and development of trade, infrastructure and finance on the continent.

She said, “As of last month, none of our African subsidiaries is making a loss. They have all been turning in profits, this is a testament to the fact that they have navigated successfully and have all found their footing.

 Continuing, she said, “And this extends to each and every one of them, even the ones in war-torn countries. Of course, we are aware that there is always room for improvement, but for now, we are glad that our 19 subsidiaries are out of the red zone.

ReadAbout

Beyond Banking: ADB celebrates 60 years in Ghana with new tagline

Reshaping Africa’s Digital PR Future – Authentic communication with local relevance

Banking on Integrity: Analysing Ghana’s 2024 fraud trends and the legal imperatives for the future

 In the area of infrastructure financing, she affirmed that UBA has been bullish in financing projects across Africa, which according to her is based on the conviction that the continent needs to bridge the infrastructural gap, necessary for economic growth.

“UBA has proven expertise and capacity in key sectors of economies across Africa, especially in oil and gas, infrastructure finance, agriculture and commodity/export, and these have positioned it as a preferred partner for structured solutions to key governments and corporates operating in/into Africa,” Bawuah said.

 Bawuah told the journalists present at the event that in the last few years, the bank has invested heavily and supported key governments of various African countries with over $1bn in infrastructural development, especially in roads, hospitals, health, power and other critical sectors.

 According to her, the bank has contributed massively to promoting trade in Africa and has partnered with the African Continental Free Trade Area (AfCFTA).

She added, “At UBA, we believe that our customers should be able to trade conveniently among themselves, and so we have been partnering with them in this area.

“We have made it easy for our customers across countries to trade easily within themselves, without having to bother about all the hassles that have to do with forex.”

Early this year, Abiola Bawuah, a Ghanaian national, was appointed as the first female CEO of UBA Africa, an appointment that further demonstrated the bank’s commitment to diversity. The Group Board now includes eight female Directors.

 She was previously the CEO of UBA Ghana, and formerly Regional CEO, West Africa, supervising the operations in Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Ibrahim Mahama donates GH¢50k to Suzzy Pinamang after funding life-saving eye surgery in UK

Ibrahim Mahama donates GH¢50k to Suzzy Pinamang after funding life-saving eye surgery in UK

0
NSMQ 2025: Obiri Yeboah SHTS secures 3rd spot in Central Regional qualifiers

NSMQ 2025: Obiri Yeboah SHTS secures 3rd spot in Central Regional qualifiers

0

NDC Canada chapter hails Gyakye Quayson’s sppointment as deputy minister for Foreign Affairs

Marie Kore International Tournament set to ignite Rugby fever in Abidjan

Ayisi treats fans to intimate performance in Accra following TGMA win

11 inmates of Manhyia Local Prison trained in batik, tie and dye craftsmanship

11 inmates of Manhyia Local Prison trained in batik, tie and dye craftsmanship

President of Rugby Africa Herbert Mensah arrives in Uganda ahead of the RAC2025

President of Rugby Africa Herbert Mensah arrives in Uganda ahead of the RAC2025

Inlaks wins Banking Technology Provider of the Year; Yacoba Amuah wins Outstanding Woman in Tech at DIA Awards

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Perseus Mining Ghana announces leadership transition

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.