UBA’s Bold Step for a More Peaceful Africa
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has once again demonstrated its dedication to the continent’s growth by donating $500,000 to the African Union (AU) Peace Fund.
This move highlights UBA’s strong commitment to fostering peace, stability, and economic prosperity across Africa.
The AU Peace Fund is a critical initiative aimed at preventing conflicts, strengthening security, and ensuring rapid response to crises.
By supporting this cause, UBA aligns with the AU’s Agenda 2063, which envisions a more unified and peaceful Africa.
Why UBA is Investing in Peace
In a statement, UBA emphasized that economic growth and regional stability go hand in hand. The bank believes that a secure Africa will create the right environment for businesses and communities to thrive.
H.E Moussa Faki Mahamat, Chairman of the AU Peace Fund’s Executive Management Committee, expressed deep appreciation for UBA’s support:
“Peace and resources go together. If we desire development and stability, we must achieve peace. The United Bank for Africa has shown great commitment to Africa’s future through this generous donation.”
Tony Elumelu’s Vision for Africa’s Future
UBA’s Group Chairman, Tony Elumelu, announced the donation during the AU Summit in Addis Ababa, Ethiopia, stressing the need for corporate institutions to play a role in shaping Africa’s future.
“By investing in peace and security, UBA is creating an environment where businesses, communities, and nations can thrive.
Development cannot happen without peace, and every individual, organization, and business should contribute to achieving it,” Elumelu stated.
With a presence in over 20 African countries, UBA has consistently invested in initiatives that drive economic development.
The bank has also contributed $14 million through the UBA Foundation to support Africa’s response to the COVID-19 pandemic, further solidifying its role as a force for good on the continent.
UBA Calls for More Partnerships
Beyond its financial contribution, UBA is urging more African businesses, governments, and organizations to join in promoting peace and stability.
The bank also commended the AU for its continuous efforts in ensuring security across the continent.
With this latest donation, UBA Group reaffirms its mission to drive Africa’s economic transformation while championing a future built on peace, stability, and prosperity.
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