UBA Poised to Launch Whitepaper on Africa’s Financial Infrastructure
Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to reinforce its leadership in shaping the continent’s financial ecosystem with the launch of a landmark whitepaper.
Titled “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” the whitepaper will be unveiled on the sidelines of the World Bank–International Monetary Fund (IMF) Annual Meetings in October 2025, in Washington, D.C. The initiative places Africa’s economic priorities at the center of global financial discourse.
The document presents a comprehensive and actionable framework for unlocking Africa’s vast economic potential. It offers in-depth analysis of key growth pillars—including trade facilitation, infrastructure development, digital innovation, climate finance, and inclusive growth—and outlines strategies to leverage domestic capital alongside strategic global partnerships. The ultimate goal is to unlock the continent’s $3.4 trillion single market potential under the African Continental Free Trade Area (AfCFTA).
UBA’s Group Chairman, Tony Elumelu, underscored the strategic significance of the whitepaper, noting that the bank has, in recent years, become a driving force in attracting tangible investments to the continent.
“UBA is shifting Africa’s development agenda from talk to action. With this whitepaper, we are championing initiatives that convert strategic dialogue into bankable projects and direct investments,” Elumelu said. “Our commitment to implementing these plans for the benefit of the continent and its people cannot be overstated. We remain steadfast partners in Africa’s development and sustainability, providing the capital, the platform, and the network needed to transform Africa’s vast potential into economic growth.”
UBA’s Group Managing Director and Chief Executive Officer, Oliver Alawuba, emphasized the urgency of private sector leadership in driving Africa’s transformation.
“This whitepaper is both a call to action and a testament to our capability,” Alawuba stated. “It underscores UBA’s unique position in facilitating the partnerships and capital flows necessary to finance Africa’s future, providing a clear blueprint for action. The document delivers critical insights at a defining moment for Africa’s financial infrastructure.”
With more than 25,000 employees across its network and over 45 million customers worldwide, United Bank for Africa remains one of the continent’s largest financial institutions. Operating in 20 African countries, as well as the United Kingdom, the United States, France, and the United Arab Emirates, UBA continues to lead in financial inclusion, innovation, and sustainable economic development through cutting-edge technology and strategic partnerships.
