Pan
African financial institution, United Bank for Africa (UBA) Plc and the Agence
Française de Development (AFD), France’s public and solidarity-based
development bank wednesday signed the final documents facilitating the
financing of small and medium enterprises (SMEs) and start-ups across the 20
countries where UBA operates in Africa.
African financial institution, United Bank for Africa (UBA) Plc and the Agence
Française de Development (AFD), France’s public and solidarity-based
development bank wednesday signed the final documents facilitating the
financing of small and medium enterprises (SMEs) and start-ups across the 20
countries where UBA operates in Africa.
Early last year, UBA Plc and Agence Française de
Development, entered into a framework agreement to utilise the EURIZ and ARIZ
schemes offered by AFD to facilitate the financing of the Small and
Medium-scale Enterprises and start-ups across the 20 countries where UBA
operates in Africa.
Development, entered into a framework agreement to utilise the EURIZ and ARIZ
schemes offered by AFD to facilitate the financing of the Small and
Medium-scale Enterprises and start-ups across the 20 countries where UBA
operates in Africa.
 |
|
| (From the left) Babatunde Ajayi – Technical Adviser Consumer & Retail Banking, Olamipe Seriki – Head Bilateral funding & Business Partner, Jean-Michel Koffi – Investment Officer Proparco, Kennedy Uzoka – Group Managing Director, Thomas Husson – Regional Director Proparco, Emmanuel Onokpasa – Group Treasurer, Kubi Momoh – Chief Risk Officer, Olusola Babatunde – Head Global Financial Institutions
|
The
partnership which was signed by both organisations is an off-shoot of the
strategic relationship both institutions have entered into last year and is for the execution of the facility agreement for the EURIZ
Guarantee – a scheme launched in May 2019 to facilitate MSMEs’ access to credit
which will enable them play their essential role in economic growth and job
creation in the continent.
UBA is the first beneficiary of AFD
Group’s (AFD and its private sector financing arm Proparco) new EURIZ guarantee
mechanism in Africa. It is issued with the support of and funding from the
European Union in the context of the EU external investment plan.
Group’s (AFD and its private sector financing arm Proparco) new EURIZ guarantee
mechanism in Africa. It is issued with the support of and funding from the
European Union in the context of the EU external investment plan.
Speaking during the signing ceremony,
which was held in UBA Head Office in Lagos, the Group Managing Director/Chief
Executive Officer, Mr. Kennedy Uzoka, said the partnership expected to enhance UBA’s capacity to
finance SMEs, whilst ensuring AFD uses the financial structure availed by UBA
to reach out to many SMEs across Africa.
which was held in UBA Head Office in Lagos, the Group Managing Director/Chief
Executive Officer, Mr. Kennedy Uzoka, said the partnership expected to enhance UBA’s capacity to
finance SMEs, whilst ensuring AFD uses the financial structure availed by UBA
to reach out to many SMEs across Africa.
He said, “We are here to conclude on a
journey that we started a couple of years ago that will lead to the development
of the market, particularly Small and Medium Scale businesses. These are
businesses that will not ordinarily be bankable, but with this partnership
between UBA and AFD, we can now make it happen.
journey that we started a couple of years ago that will lead to the development
of the market, particularly Small and Medium Scale businesses. These are
businesses that will not ordinarily be bankable, but with this partnership
between UBA and AFD, we can now make it happen.
“As you know, UBA is a financial
institution that is well known across Africa and we believe that a major area
of development for any economy, is the empowerment of SMEs. An economy such as
ours can only be said to succeed when these businesses succeed. It is our
belief that this is just the take-off point and as the business succeeds, there
will be need to review this portfolio,” the GMD continued.
institution that is well known across Africa and we believe that a major area
of development for any economy, is the empowerment of SMEs. An economy such as
ours can only be said to succeed when these businesses succeed. It is our
belief that this is just the take-off point and as the business succeeds, there
will be need to review this portfolio,” the GMD continued.
The Regional Director, Proparco, Mr
Thomas HUSSON, who spoke at the event, noted that the purpose of EURIZ scheme
is to encourage investment in EU partner countries, to strengthen partnerships
and contribute to achieve the Sustainable Development Goals, helping to address
some root causes of migration.
Thomas HUSSON, who spoke at the event, noted that the purpose of EURIZ scheme
is to encourage investment in EU partner countries, to strengthen partnerships
and contribute to achieve the Sustainable Development Goals, helping to address
some root causes of migration.
According to him, the new risk-sharing
mechanism EURIZ will help UBA finance entrepreneurs incubated by the Tony
Elumelu Foundation, in view to support their developmental impact.
mechanism EURIZ will help UBA finance entrepreneurs incubated by the Tony
Elumelu Foundation, in view to support their developmental impact.
“We are pleased to sign this facility,
and this is even better because we share UBA’s commitment to empowering SMES in
Africa. Over the years, we at AFD have been willing to work with this bank
owing to the role and importance that this financial institution plays in
Nigeria and in Africa. And so, we look forward to strengthening the partnership
with UBA Group which is the Nigerian head-quartered bank that has the most
success in Africa and beyond,” Husson said.
and this is even better because we share UBA’s commitment to empowering SMES in
Africa. Over the years, we at AFD have been willing to work with this bank
owing to the role and importance that this financial institution plays in
Nigeria and in Africa. And so, we look forward to strengthening the partnership
with UBA Group which is the Nigerian head-quartered bank that has the most
success in Africa and beyond,” Husson said.
He noted that “EURIZ will cover up to
70% of local bank loans granted to MSMEs operating in sectors with a high
social impact. “The scheme also includes a technical
cooperation component that will support these partner institutions to best
serve these companies,” he added.
70% of local bank loans granted to MSMEs operating in sectors with a high
social impact. “The scheme also includes a technical
cooperation component that will support these partner institutions to best
serve these companies,” he added.
United Bank for Africa Plc is a leading pan-African
financial services group, operating in 20 African countries, as well as the
United Kingdom, the United States of America and with presence in France.
financial services group, operating in 20 African countries, as well as the
United Kingdom, the United States of America and with presence in France.
UBA was
incorporated in Nigeria as a limited liability company after taking over the
assets of the British and French Bank Limited who had been operating in Nigeria
since 1949. The United Bank for Africa merged with Standard Trust Bank in 2005
and from a single country operation founded in 1949 in Nigeria – Africa’s
largest economy – UBA has become one of the leading providers of banking and
other financial services on the African continent. The Bank which was awarded
the Best Digital Bank in Africa by the Euromoney awards in 2018, provides
services to over 17 million customers globally, through one of the most diverse
service channels in sub-Saharan Africa, with over 1,000 branches and customer
touch points and robust online and mobile banking platforms.
incorporated in Nigeria as a limited liability company after taking over the
assets of the British and French Bank Limited who had been operating in Nigeria
since 1949. The United Bank for Africa merged with Standard Trust Bank in 2005
and from a single country operation founded in 1949 in Nigeria – Africa’s
largest economy – UBA has become one of the leading providers of banking and
other financial services on the African continent. The Bank which was awarded
the Best Digital Bank in Africa by the Euromoney awards in 2018, provides
services to over 17 million customers globally, through one of the most diverse
service channels in sub-Saharan Africa, with over 1,000 branches and customer
touch points and robust online and mobile banking platforms.
The
shares of UBA are publicly traded on the Nigerian Stock Exchange and the Bank
has a well-diversified shareholder base, which includes foreign and local
institutional investors, as well as individual shareholders.
shares of UBA are publicly traded on the Nigerian Stock Exchange and the Bank
has a well-diversified shareholder base, which includes foreign and local
institutional investors, as well as individual shareholders.
I commend this programme.
We Berco haulage Enterprises will be interested in partnership with UBA to fund our on going transaction .
I commend the program and am also interested
I strongly vouch and recommend you consult nineplanethacker@gmail. com for any type of hacking related issues. I have used him many times and he has never disappointed me. Services he provides includes : phone and computer hacks, lost fund recovery, bitcoin mining, bypassing social media security, Spying on accounts/cellphones, retrieving deleted text messages or accounts, bank account top ups, credit card top up, phone hack, whatsapp, facebook, hangout, wechat, snapchat etc. He is very good and his services are quite affordable, don’t hesitate to contact him
They are all scammers, they will make you pay after which they will give you an excuse asking you to pay more money, they have ripped me of $2000, i promised i was going to expose them.
I figured it all out when my colleague took me to Pavel
(HACKINTECHNOLOGY@GMAIL.COM)
CELL PHONE +16692252253
He did perfect job, he hacks all accounts ranging from (Emails, Facebook, whatsapp, imo, skype, instagram, Phone cloning, DMV removal, tracking locations, background checks Kik etc. he also hacks cell phones, cell phone tapping and cloning, clears bad driving and criminal records, bank transfers, locates missing individuals e.t.c. You should contact him and please stop using contacts you see on websites to execute jobs for you, you can ask around to find a real hacker.
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com