As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu, signed a groundbreaking business cooperation agreement with French Finance Minister, Antoine Armand. The signing ceremony, witnessed by President Tinubu and French President Emmanuel Macron, marks a historic milestone, signaling strong French governmental support for UBA’s expansion into France.
A New Era for UBA
The agreement enables UBA to enhance its international banking operations, further bridging financial services between Africa and Europe. Paris, set to become UBA’s European Union hub, will join London, New York, and Dubai in the bank’s global network.
Tony Elumelu expressed optimism during the ceremony:
“This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but Africa as a whole; and French and European customers transacting with Africa.”
With operations in 20 African countries and key international financial centers, UBA Group serves over 45 million customers globally. The bank’s commitment to financial inclusion and technological innovation positions it as a leader in African banking.
The entry into France complements UBA extensive presence in Francophone Africa. Paris will provide a platform for deepening ties between African businesses and European markets, enhancing cross-border financial solutions.
What This Means for Customers
- Seamless Transactions: Enhanced connectivity for customers operating between Africa and Europe.
- Innovative Solutions: Access to cutting-edge financial products tailored for international banking.
- Global Network: Integration with UBA’s existing hubs in London, New York, and Dubai.
This move aligns with UBA’s vision to position Africa as a significant player in global finance, fostering trade and investment flows between continents.
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