During President Bola Ahmed Tinubu’s state visit to France, Tony Elumelu, Chairman of UBA Group, signed a landmark business cooperation agreement in the presence of both President Tinubu and French President Emmanuel Macron.
The agreement, formalized with French Finance Minister Antoine Armand, marks a significant step in strengthening UBA’s presence in France and highlights the French government’s support for the development of the bank’s full banking operations in the country.
Speaking at the signing ceremony, Tony Elumelu, the Chairman of UBA Group commented: ”This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but Africa as a whole; and French and European customers transacting with Africa. Expanding into France is a natural progression, with Paris serving as our European Union hub, as we continue to bring Africa and the world together, through innovative financial solutions. Paris will join London, New York and Dubai, as a critical component of our unique global network.”
United Bank for Africa (UBA) is one of the largest employers in Africa’s financial sector, with a workforce of 25,000 employees across its global operations. Serving over 45 million customers, UBA operates in 20 African countries as well as in the United Kingdom, the United States, France, and the United Arab Emirates.
The bank offers a wide range of services, including retail, commercial, and institutional banking, and is a leader in financial inclusion, continuously implementing innovative technology solutions.