UBA America, a subsidiary of the pan-African financial giant United Bank for Africa (UBA) Plc, has reinforced commercial diplomacy among countries, institutions and individuals while fostering robust international collaborations.
The bank co-hosted a high-profile networking reception with the Business Council for International Understanding (BCIU) and the United States Department of State on the sidelines of the just-concluded International Monetary Fund (IMF)/World Bank Spring Meetings in Washington, D.C.
The reception brought together diplomats, government officials and business leaders to discuss shared challenges and explore opportunities for sustainable development.
The Group Managing Director/Chief Executive Officer of UBA, Oliver Alawuba, emphasised the event’s importance in promoting global economic cooperation and deepening economic diplomacy.
“Our involvement in this reception underscores our commitment to nurturing impactful relationships within the development sectors in the United States,” Alawuba stated.
He further emphasised that the event demonstrated the bank’s dedication to fostering inclusive economic growth and partnerships across borders.
Alawuba said as a distinguished member of BCIU, a non-profit organisation providing customised commercial diplomacy services, UBA Group and UBA America align with BCIU’s vision of actively pursuing strategic opportunities.
He said the banks contribute to global economic cooperation, deepen economic diplomacy, facilitate ideas, forge partnerships and add value for all stakeholders.
“As global leaders convened in Washington D.C., the event marked a significant milestone in UBA America’s ongoing efforts to bridge African markets with the rest of the world, reinforcing its role as a key player in international financial services,” he concluded.
The Chief Executive Officer of UBA America, Sola Yomi-Ajayi, who also serves as an appointee to the BCIU Board, expressed her commitment to fostering organizational growth and strengthening ties with international partners.
Her role on the board underscores UBA America’s strategic position in promoting international trade and investment.
Yomi-Ajayi highlighted that UBA America, the only sub-Saharan African bank licensed to operate in the U.S., is pivotal in connecting Africa with global financial markets.
She said the bank provides tailored banking services to a diverse clientele, including sovereign and central banks, financial institutions, small and medium enterprises (SMEs), and development organisations.
“With its unique position within UBA’s international banking group, UBA America is poised to deliver exceptional value and innovative solutions in corporate banking, treasury, trade finance, and correspondent banking,” she noted.
