GROUP CHAIRMAN, TONY ELUMELU VISITS DRC. MEETS WITH PRESIDENT FELIX TSHISEKEDI

Our Group Chairman, Mr. Tony O. Elumelu, CON, last week Thursday, met with the President of the Democratic Republic of Congo (DRC), the largest country in Africa by landmass. Mr Elumelu indicated the readiness of our Bank to support the newly elected government in addressing the infrastructure challenges facing the country. He spoke to media after meeting President Felix Tshisekedi at the presidential palace in Kinshasa.

 According to the Chairman, his visit was to assure President Tshisekedi that “consistent with his administration’s philosophy of creating successful billionaires from DRC, UBA is there, and will be there, because UBA supports small and medium scale enterprises, large and corporate business and most importantly, local businesses.”

 The day after the presidential meeting, the Chairman, at a joint Town hall meeting attended by UBA customers, staff and regulators in Kinshasa emphasised the commitment of UBA Group and its local subsidiaries in DRC to supporting small and medium scale industries, which according to him is critical to alleviate poverty and create employment for the teeming population.

“Though UBA is a pan African Bank with presence in 20 African countries, we are very local in the way we operate, focusing on systematic support to local businesses, small and medium scale enterprises (SMEs), providing the needed financial intermediation for government to grow infrastructure necessary to create jobs and reduce unemployment,” Chairman said, as he recounted his discussion with President Felix Tshisekedi.

  

Chairman commended the Board and staff of UBA Congo DRC for their commitment. To the customers, he said: “we thank you for supporting us, we thank you for tolerating us, and we thank you immensely for growing with us, and I want to assure you UBA is the Bank for African entrepreneurs, African SMEs and private sectors. For us, it is not just about banking but developing our continent and creating prosperity, alleviating poverty and capacities of our governments so that they can provide infrastructure.”