United Bank for Africa (UBA) has unveiled ambitious plans to expand its operations across Africa and key global markets, reinforcing its position as a leading pan-African financial institution. The announcement followed the Group’s Half Year Business Review held at its global headquarters in Lagos, where senior executives from across its 24 countries of operation gathered to strategize on future growth.
Group Managing Director and CEO Oliver Alawuba emphasized UBA’s commitment to deepening its presence in existing markets while entering new high-potential African economies. The bank’s international operations already contribute more than half of its total revenue, demonstrating the success of its diversified pan-African strategy. This expansion drive builds on UBA’s two-decade journey across the continent, which began with its entry into Ghana in 2004.
The bank is making significant strides in strengthening its global network, including upgrading its license in France and preparing to establish operations in Saudi Arabia. These moves complement UBA’s longstanding presence in major financial centers including New York, London, and Dubai. Alawuba stated that these strategic expansions will enhance the bank’s capacity to facilitate cross-border trade, support investment flows, and serve the growing African diaspora community.
With operations in 20 African countries and four continents, UBA serves over 45 million customers through its workforce of 25,000 employees. The institution continues to pioneer financial innovation across Africa, implementing cutting-edge technologies to improve access to banking services. As UBA executes this expansion strategy, it remains focused on its core mission of connecting Africa to global markets while driving financial inclusion across the continent.
