UBA Advocates for Africa's Business Narrative at UNGA81

At the 81st United Nations General Assembly (UNGA81) in New York, the United Bank for Africa (UBA), under the leadership of Group Managing Director/CEO Oliver Alawuba, positioned Africa’s business narrative at the forefront of global discussions. UBA engaged in high-level dialogues advocating for improved capital flows, intra-African trade, and stronger partnerships.

Alawuba highlighted the necessity of dismantling regulatory and currency barriers during the Forward Africa Leaders Symposium at the Harvard Club. He pointed out that Africa's 54 countries face significant regulatory challenges that hinder capital deployment.

Alawuba illustrated the complexities of intra-African trade, using the example of a Kenyan tea farmer needing to convert currency to sell in Ghana. He also mentioned UBA's collaboration with the African Continental Free Trade Area to establish a $6 billion fund for SMEs, emphasizing the importance of government support for small businesses.

UBA's efforts aimed to shift the narrative from aid to business opportunities and partnerships.