UBA Group unveils Pan-African expansion strategy

The United Bank for Africa (UBA) Group reaffirmed its commitment to becoming Africa’s most diversified financial services institution during its Half-Year Business Review, held at its global headquarters in Lagos, Nigeria.

Led by Group Managing Director/CEO Oliver Alawuba, the summit convened senior executives from UBA’s operations across 24 countries, spotlighting the bank’s ambitious pan-African strategy and its drive to deepen its footprint in high-potential African markets while expanding globally.

UBA’s international operations now account for over 51.7% of group revenues, underscoring its evolution into a leading pan-African financial powerhouse. Since entering Ghana in 2004, UBA has rapidly expanded into 18 additional African markets, alongside a presence in the United Kingdom, the United States, France, and the United Arab Emirates.

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The bank recently announced plans to launch operations in Saudi Arabia, further solidifying its global ambitions. “UBA’s vision is clear – we are building a truly global institution anchored in Africa, but serving customers across continents,” Alawuba stated, emphasizing the bank’s role in unlocking opportunities, supporting intra-African trade, and delivering world-class banking services.

The review highlighted UBA’s strategic intent to capitalize on emerging African markets while enhancing its offerings in existing ones. Alawuba noted the bank’s upgraded license in France and its over 40-year presence in New York as key moves to facilitate cross-border trade, investment, and support for the African diaspora.

“These steps signal UBA’s intent to reshape the competitive landscape,” he added. With 25,000 employees and over 45 million customers worldwide, UBA continues to lead in retail, commercial, and institutional banking, driving financial inclusion through innovative, technology-driven solutions.