Pan-African
financial services group, United Bank for Africa (UBA) Plc has won the African
Investor (Ai) Social Infrastructure Deal of the Year award.
The award was
announced at the Ai CEO Infrastructure and Sovereign Investment Summit in Cape
Town, South Africa last week.
Now in their 8th
year, the highly sought-after Ai Infrastructure Investment Awards formally
recognises achievements across the main infrastructure sectors in Africa, and reward
the institutions and personalities driving transactions and improving the
continent’s infrastructure investment climate.
UBA was given the
award for its significant investment in social infrastructure across the
continent in building the economic capacity of the communities in which it does
its business.
Commenting on the
awards, Phillips Oduoza, Group Managing Director/CEO, said it was a reflection
of the bank’s commitment to supporting the growth of critical sectors of the
African economy with its financial expertise and strong balance sheet.
“Infrastructural
development is important in driving and sustaining Africa’s growth momentum.
Over the years, we have built the expertise to package and support the right
infrastructure deals that deliver value to the majority of Africans and support
economic growth. We happy that this award recognizes the significant efforts we
have made in this direction”
Also commenting on
the Awards, Hubert Danso, Ai’s Chief Executive Officer and Vice Chairman said,
“Showcasing Africa’s infrastructure investment success stories is critical to
creating references and increasing the required finance and institutional
infrastructure investment to develop and implement the continent’s unparalleled
infrastructure investment opportunities. Africa investor is therefore delighted
to host these unique awards and congratulates the winners and all those that
entered and participated in these important Ai Awards.”
The Social
Infrastructure deal of the year award is third award UBA is winning within the
last one month. The bank, in May 2015 won the Corporate Affairs Commission
(CAC) Corporate Citizens Award in the ‘Extensive Compliance Category at the maiden
edition of the awards ceremony organised by CAC in Abuja.
The Corporate
Citizens Award, which is open to all registered companies in Nigeria, promotes
the culture of good corporate governance in the Nigerian environment by recognising
corporate citizens that have conducted their affairs in compliance with
statutory requirements and best practices.
In the same month
of May 2015, UBA Foundation, the corporate social responsibility arm of UBA
Plc, also won the inaugural “Spirit of Lagos Citizens’ Day Award” in the
Business and Corporate Organisations category. The Citizens
Day award is set aside by Lagos State to recognize and celebrate individual and
corporate citizens doing extra-ordinary work in their communities, businesses
and the public service.
UBA is a highly
diversified financial services institution and leading provider of innovative
e-banking solutions across Africa. UBA
is one of the largest financial institutions in Africa, with offices in New
York, London and Paris. The UBA Group has strong retail penetration across the
African continent with more than 8 million customers. These customers enjoy a
bouquet of products and services tailored to meet their different financial
needs backed by cutting edge technology that offers secured and convenient real-time
online banking services.