Connect with us

News

UBA Group Launches Full Banking Operations In The UK

Published

on

UBA Group

Three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high-level gathering of business and public sector leaders on Thursday, February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations.

At the upscale ceremony which was held at The Prestigious Shard in the city of London, UBA UK was formally introduced to business leaders across Europe and Africa with a commitment from the UBA Group of its readiness to galvanize trade and commerce between Europe and Africa.

The formal launch is a sequel to the authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA UK Limited to carry out full-scale wholesale banking across the United Kingdom.

With this launch, UBA Group further consolidates its unique positioning as the first and only Sub-Saharan African financial institution with banking operations in both the United Kingdom and the United States, thus reinforcing its strong franchise as Africa’s Global Bank, facilitating trade and capital flows between Africa and the world.

Speaking at the event, the Group Chairman, Tony Elumelu said the Group is excited by the authorization of the relevant regulatory authorities in the United Kingdom for UBA to upgrade its operation and further fulfill its aspiration of deepening trade and investments flows between Africa and Europe.

“The enhancement of our business in the United Kingdom is very timely and mutually beneficial for African and European corporates as well as respective governments. With the British and other European governments seeking new and improved measures to grow trade relations with Africa, we are enthusiastic on our positioning and capabilities in supporting corporates and government institutions to fulfill these lofty aspirations, which we believe are pertinent for the sustainable growth of both continents.”

Elumelu expressed that he is extremely pleased as UBA is living up to its mantra of being Africa’s global bank and positioning itself to support investors in key financial centers across the world.

Also speaking at the event, The Group Managing Director/CEO, Kennedy Uzoka, said “Simultaneously, we are serving the trade and capital needs of our African customers, who are seeking exposure to the European markets. With the upgrade of UBA UK Limited, we are excited to deepen our support to existing customers whilst also providing the leverage for new customers to effectively fulfill their cross-border transactions through UBA Group’s network.”

On his part, the CEO, UBA UK, Patrick Gutmann, said; “We are now on a stronger footing, as the authorization of the PRA and FCA for an enhanced business model affords us the opportunity to swell our capital and balance sheet as well as the broader UBA Group’s network across Africa. We welcome our existing and new customers to this new world of borderless opportunities, as we creatively serve our customers in meeting their international transaction needs.”

Some of the guests In attendance at the event were the President of Dangote Group; Alhaji Aliko Dangote, President; Afreximbank, Dr. Benedict Oramah; Former Prime Minister of Pakistan, H.E Shaukat Aziz; Member of the British House of Lords and Executive Committee Member of the All Party Africa Group, Rt. Hon Lord Anthony Tudor St. John, amongst many others.

The event was not short on entertainment as one of Africa’s leading entertainers Dbanj performed to the admiration of guests including Star boy, Whiz Kid.

United Bank for Africa (UK) Limited, previously named UBA Capital (Europe) Limited offers a full suite of treasury services, cash management, correspondent banking, corporate lending, and wholesale deposit products to professionals and eligible counterparties.

In addition, UBA (UK) Limited offers all aspects of structured and trade finance; issuance, acceptance, confirmation, and refinancing of Letters of Credit of different variations, including SBLCs.

Facebook Comments
Advertisement

News

Kennedy Agyapong Fails To Show Up In Court

Published

on

Member of Parliament for Assin Central Hon. Kennedy Ohene Agyapong has once again failed to show up in court to face the contempt case leveled against him.

According to the lawyer of the politician, the loudmouth politician’s failure to show up in court is as a result of his coronavirus condition.

The lawyer identified as Mr. Kwame Gyan explained that his client Mr. Kennedy Agyapong got the deadly COVID-19 complications after his last Friday court hearing.

He went on to presented a medical excuse form and requested the court to adjourn the case for 14 days just to allow his client to heal from the complications.

The presiding judge Justice Amos Wuntah accepted the plea from the lawyer of the Member of parliament and adjourned the case but ordered the medical doctor who wrote the medical excuse to appear before the court on Thursday.

“It is hereby ordered that the medical officer Dr. Ken Addo of Holy Trinity Medical Center/spa and Health Farm appears before this court on Thursday, Oct 1st, 2020 to speak to the medical excuse duty,” he said.

Hon. Kennedy Agyapong is in court over his comment about some judges and he is likely to be given a jail term if he is not able to convince the judge on why he shouldn’t be punished.

Kennedy Agyapong days after his comment apologized but a section of Ghanaians are of the view that he has been running his mouth for years now and they believe its high time he is taught a bitter lesson to show he is not above the laws of the country.

Facebook Comments
Continue Reading

News

Kenya Bankers Association (KBA), Huawei Ink Partnership Agreement To Promote Tech-Driven Financial Inclusion, Fintech Capacity Building

Published

on

The partnership seeks to promote tech-led financial inclusion as well as Fintech ICT Capacity; The two organizations have convened a summit on ICT and financial inclusion.

The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building fintech capacity.

In the partnership, KBA will work closely with Huawei-Kenya to spearhead industrywide capacity building initiatives aimed at promoting knowledge on financial technology innovation, digital transformation, and other ICT-related programmes in the banking industry.

Under the partnership, KBA and Huawei will also aim to promote financial inclusion activities in line with the KBA Strategic Plan for the period 2020 to 2023. Launched last year, the Plan seeks to promote access to affordable financial services through tech-aided operational efficiency.

Speaking during the signing of the agreement, KBA Chief Executive Officer Dr Habil Olaka said the cooperation would go a long way in promoting the delivery of efficient banking services in Kenya through knowledge-sharing programmes that will be organized by the two institutions.

“This partnership will further focus on research and knowledge-sharing activities, which will supplement the research initiatives that continue to be spearheaded by the Association’s Centre for Research Financial on Markets and Policy®. In this regard, the collaboration will certainly augment KBA’s and member banks’ knowledge base in engagements with diverse stakeholders from a fact-based perspective,’’ Dr Olaka added.

The partnership comes on the heels of the 2020 edition of the Huawei-KBA Online FSI Summit slated for 30th September this year. The forum is among the initiatives Huawei and KBA are jointly implementing to promote the delivery of efficient banking services through technology under the cooperation agreement.

Huawei-Kenya Chief Executive Officer Mr Will Meng welcomed the partnership, saying technology will remain a core driver towards enhancing convenient access to financial services in light of disruptive occurrences such as the ongoing Coronavirus Disease pandemic.

‘’The theme of the upcoming summit is ‘’Building Banking Core Competence through Digital Transformation to Accelerate Inclusive Finance’’. It is one of the initiatives we are rolling out in Kenya in partnership with the Association to ensure we optimally leverage on technology to achieve affordable and accessible financial services in the regional economy,’’ said Mr Lee.

The summit comes at a time when the global economy is coping with the impact of Coronavirus Disease. Dr Olaka noted that the banking industry has continued to tap into the potential of technology to uphold business continuity and supporting customers, a culmination of efficient deployment of technology by the banking sector during this period.

“Beyond the COVID-19 disruption, we see technology as an invaluable enabler of financial inclusion. I have no doubt that the summit along with the KBA-Huawei collaboration will play a significant role in our collective efforts to entrench technology in our operations and sustain our contribution to the national development agenda,’’ Dr Olaka said.

Facebook Comments
Continue Reading

Media & Culture

Meet The Nigerian Pastor Who Predicted Laycon Winner Of Bbnaija Lockdown Back In July

Published

on

The General Overseer of SRI Wealthy Nations Ministry Abuja, Pastor Prince Dickson, is now taking all the plaudits for predicting accurately that Olamilekan Agbeleshe, aka Laycon as the winner of the BBNaija season 5 from the first day of BBNaija Lockdown.

Back in July when he made the prediction, he was called out for dabbling in worldly stuff while others challenged the authenticity of his prophecy given that the show has nothing to do with Christianity. Well, his prediction has been fulfilled after Laycon beat Dorathy, Nengi, Vee, and Neo to win the ultimate.

Laycon was one of the 19 housemates who battled for the grand prize of N85M and has been announced the winner of the BBNaija Lockdown.

Facebook Comments
Continue Reading

Latest Stories

ad

Trending