The United Bank for Africa (UBA) has announced plans to expand its operations to Saudi Arabia.
This move is part of UBA’s strategic commitment to fostering Africa’s growth through infrastructure development, youth empowerment, and sustainable partnerships across key global markets.
The bank aims to open a subsidiary in Saudi Arabia within the next year, marking its second subsidiary in the Gulf region after its expansion to the United Arab Emirates in 2022.
Muyiwa Akinyemi, UBA’s Group Deputy Managing Director, highlighted the importance of this expansion in connecting the Africa-Gulf region and facilitating knowledge transfer and strong economic linkages.
He also emphasized UBA’s dedication to supporting young entrepreneurs in tech, agriculture, and entertainment, which are burgeoning sectors in Africa.
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