UBA Expands to Mali

Pan African financial institution, United Bank for Africa (UBA) has opened a new branch in Mali as it expands in the African region where it already operates in a dozen countries.

"Mali is a large market with a low (bank) account penetration rate," Maimouna El Oumarany, spokeswoman for UBA's Malian subsidiary, told Reuters by telephone. "We're hoping to do better than the 13 banks already established in the country."

El Oumarany said UBA's strategy in Mali, a landlocked country on the edge of the Sahara, was focused on digital products that clients could access from their smartphones.

 At the cutting ribbon ceremony were the President of Mali, H.E Ibrahim Boubacar Keita, Chairman UBA Tony Elumelu, Group G.M.D, Kennedy Uzoka and other invited dignitaries.

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