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The UBA Group recently concluded its Half Year Business Review at its global headquarters in Lagos, Nigeria, where Group Managing Director/CEO Oliver Alawuba convened executives from UBA’s twenty-four countries of operation.
The meeting underscored the Group’s reinforced pan-African strategy and its commitment to both expanding into new high-potential markets across Africa and deepening existing operations in its twenty African presence markets.
With over 51.7% of group revenues now stemming from non-Nigerian operations, UBA’s journey to becoming Africa’s most diversified financial services group is evident. This international strategic intent aims to deliver innovative financial solutions to its rapidly growing global customer base, leveraging UBA’s unique position as “Africa’s global bank” to capitalize on growth opportunities in emerging and leading African markets.
Connecting Africa to the World: Global Footprint Grows
UBA began its pan-African journey with its entry into Ghana in 2004, followed by rapid expansion into 18 additional African markets. As a “resilient and future-focused institution,” UBA continues to push boundaries, connecting Africa to the world and the world to Africa.
Mr. Alawuba highlighted the Group’s ambitious expansion plans, expressing excitement about the “vast opportunities that the new markets present.”
Credit: UBA Group
He emphasised this as a testament to UBA Group’s confidence in the African economy and its dedication to providing world-class banking services that meet the continent’s evolving needs.
“UBA’s vision is clear—we are building a truly global institution anchored in Africa but serving customers across continents,” Alawuba stated. “Further strategic expansion positions us to unlock new opportunities, support intra-Africa trade, and deliver world-class banking experiences wherever our clients choose to do business.”
Beyond Africa, UBA maintains operations in the United Kingdom and is currently upgrading its licence in France, aiming to expand its capacity for cross-border trade, investment flows, and serving the African diaspora. These European moves complement its over 40-year presence in New York, signalling UBA’s clear intent to reshape the competitive financial landscape.
The Group also announced plans in January to open operations in Saudi Arabia, further expanding its global reach.
Operating across twenty African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA provides comprehensive retail, commercial, and institutional banking services.
It’s a leader in financial inclusion and leverages cutting-edge technology, serving over 45 million customers globally and employing 25,000 people group-wide, making it one of the largest employers in the African financial sector.
