UBA supports African SMEs’ growth

The United Bank for Africa Plc has said it is committed to the growth of small and medium enterprises across Africa.

The Deputy Managing Director, Muyiwa Akinyemi, in his keynote address at the flag-off of the 2022 Lagos International Trade Fair, said the bank will promote regional trade via Pan African Payment Settlement System.

Speaking on the theme, ‘Connecting businesses, creating value’, Akinyemi explained that UBA had pioneered products and services specifically targeted at SMEs and young entrepreneurs towards meeting their financial needs, having access to markets and building capacity.

He said, “We are focused on creating value, connecting and facilitating business across Africa and between Africa with the rest of the world. Already, we have done a trade of about $7.7bn and export trade of about $29.4bn as at August 2022.”


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