UBA CEO urges preparation of investment projects in Africa
UBA CEO Oliver Alawuba urged African leaders and investors to focus on creating bankable, sustainable projects to attract capital to the continent. Speaking at a symposium in New York, he highlighted the bank's role in financing infrastructure and digital platforms like the Leo digital banking service.
Why it matters
This highlights the strategic push for private sector investment and financial infrastructure development across Africa to drive economic growth.
--> United Bank for Africa (UBA) Chief Executive Officer Oliver Alawuba, speaking at the Forward Africa Leaders Symposium in New York, United States, called for Africa’s opportunities to be turned into bankable projects. During the event, held as part of the UN General Assembly events, he took part in the discussion “From Mandate to Impact,” Premium Times Nigeria reports .
According to Alawuba, African projects require thorough preparation, substantial capital and commercial sustainability. He noted that reliable revenue sources, credible institutions and accountable project implementation are important for attracting sustainable capital.
The UBA chief said that the bank helps connect African businesses with capital, expertise and financial infrastructure. As examples, he cited projects in telecommunications, energy, road construction and digital services.
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