By Ayomide Otitoju
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has renewed its commitment to bolstering the growth of Small and Medium-scale Enterprises (SMEs) across Nigeria and the continent. Speaking at the 38th Lagos International Trade Fair, UBA pledged increased investment in advanced technology and specialized training aimed at empowering SMEs to contribute more significantly to their national economies and Africa’s overall development.
During the event held at Tafawa Balewa Square in Lagos, Shamsideen Fashola, UBA’s Group Head of Retail and Digital Banking, highlighted the bank’s focus on cutting-edge technology. “Our investments in technology are already generating tangible business value,” Fashola noted. “This commitment has led to enhanced customer experiences and greater operational efficiency, supporting positive outcomes across our business.”
Fashola emphasized that UBA’s strategy not only fosters growth and success stories but also demonstrates its dedication to backing SMEs at each stage of their business journey. “We are constantly evolving, leveraging innovation, and making intentional investments in advanced technology to empower our customers to succeed with a diverse range of products,” he added.
As part of its SME support initiative, UBA unveiled the UBA SME Card—a tailored financial solution specifically for small businesses. Fashola explained, “The SME Card provides business owners with seamless access to financing, efficient expense management, and exclusive benefits that streamline operations. Our goal is to equip entrepreneurs with the tools needed to thrive in a competitive landscape.”
Since 2019, UBA has been the headline sponsor of the Lagos International Trade Fair, now the largest trade show in sub-Saharan Africa, attracting over 1,600 global companies and providing a significant platform for networking and international business opportunities.
Fashola also highlighted UBA’s strategic footprint in over 20 African countries and its role in facilitating cross-border trade. “Through our presence in 20 countries, UBA is committed to advancing intra-African trade,” he said, referencing the bank’s partnership with the African Continental Free Trade Area (AfCFTA). “By fostering cross-border trade and investment, we’re not only expanding business reach but supporting Africa’s economic integration.”
Babatunde Ajayi, UBA’s Head of SME Banking, reiterated the bank’s comprehensive approach to SME support, which includes tailored financing solutions for underserved groups, such as women and youth entrepreneurs. “Our participation in the Lagos International Trade Fair is about providing real value beyond customer acquisition,” Ajayi stated. “With strategic partnerships across Africa, we’re showcasing products like PAPPS, a payment system allowing seamless transactions across the continent.”
This year’s trade fair provided UBA an opportunity to reinforce its commitment to fostering sustainable economic growth, creating a platform for African businesses to thrive locally and on the global stage.
