As part of the fallout of President Bola Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu, has signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand.
Persecondnews reports that the agreement was signed in the presence of President Tinubu and French President Emmanuel Macron in Paris on Thursday, with the duo of Elumelu and Armand shaking hands with both presidents.
The agreement is a significant indication of support by the French government for the development of UBA’s full banking operations in France.
Speaking at the signing ceremony, Tony Elumelu, the Chairman of UBA Group, said: ”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 is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally.
Operating in 20 African countries and the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
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