UBA Highlights Africa’s Development Opportunities at UNGA Fireside Chat
UBA CEO Oliver Alawuba urged turning Africa’s opportunities into investable projects during a fireside chat at the Forward Africa Leaders Symposium in New York.
In Brief
- •UBA CEO Oliver Alawuba urged turning Africa’s opportunities into investable projects during a fireside chat at the Forward Africa Leaders Symposium in New York.
- •He cited a US$6.56 million telecom modernization project in Chad (2021‑2025, fully repaid) and a US$45 million road‑construction loan to Oak Asset SPV in Kenya as examples of successful financing.
- •UBA’s digital banking platform Leo serves over six million users in 20 African countries and processes more than 16 million transactions annually.
- •The bank stresses the need for dependable revenue, credible institutions, and accountable delivery to unlock sustainable capital across sectors such as telecommunications, energy, roads, and digital services.
Why It Matters
United Bank for Africa’s emphasis on translating Africa’s development ambitions into commercially viable projects underscores the role of local financial institutions in mobilising capital for infrastructure and digital services. By showcasing successful, fully repaid projects and a growing digital banking footprint, UBA signals to investors and governments that Africa’s opportunities can be structured for sustainable returns, potentially attracting further private sector participation and accelerating regional development.
Key Details
- CEO
- Oliver Alawuba
- Event
- Forward Africa Leaders Symposium, UNGA
- Chad Project
- US$6.56 million telecom modernization (2021‑2025, fully repaid)
- Kenya Loan
- US$45 million road construction to Oak Asset SPV
- Leo Users
- 6+ million
- Leo Transactions
- 16+ million annually
Context & Background
United Bank for Africa (UBA) is one of Africa’s largest financial institutions, serving over 45 million customers worldwide and operating in 20 African countries and the United Kingdom.
Original Reporting & Sources
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