Investment in tech’ll drive growth across Africa – UBA

United Bank for Africa (UBA) Plc, has once again reiterated its unwavering commitment to increase its investment in cutting edge technology and training to support the growth of Small and Medium scale Enterprises (SMEs) in Nigeria and across Africa which will in turn help them contribute meaningfully to their economies and the continent as a whole.

The bank gave this pledge during the 38th Lagos International Trade Fair, at Tafawa Balewa Square, Monday in Lagos. 

UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola, who addressed participants at the event, said, “The banks investment in cutting edge technology are currently yielding tangible business value, and this high level commitment has proven to be instrumental in delivering enhanced customer experiences and optimising operational efficiency, all of which continues to yield positive outcomes from all areas of our business.”

This feat, Fashola noted, continues to engender their growth and success stories, as well as reinforce the bank’s passion and commitment to support SMEs at every step of their journey.

Since 2019, UBA has consistently maintained its headline sponsorship of the trade fair, which has grown to become the largest trade show in sub-Saharan Africa, drawing over 1,600 global companies and providing a crucial platform for business networking and international trade opportunities.

Fashola also emphasized UBA’s impressive footprint across over 20 African nations and its strategic partnership with the African Continental Free Trade Area (AfCFTA).

Head of SME Banking, Babatunde Ajayi, UBA, also underscored the critical need for comprehensive SME support, highlighting UBA’s strategic approach to providing enhanced capital access and targeted financing solutions that address financing disparities for small businesses, as well as women and youth entrepreneurs.

“Our support for the Lagos International Trade Fair is beyond the acquisition of customers; it’s more about providing value to them,” Ajayi said.

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