The United Bank for Africa (UBA) has officially launched a new branch in the United Arab Emirates (UAE).
The Nigerian tier-1 bank is extending its operations to the oil-rich Middle East country with the official launch of its new branch at the Dubai International Financial Centre (DIFC) in Dubai.
The move by the bank marks its presence in 24 countries globally and on four continents!
What they are saying
Relishing the expansion of its footprint to the United Arab Emirates, the bank said it hopes to serve its teeming customers across the Middle East as it officially becomes the first Pan African bank to establish a branch in Dubai directly from Nigeria.
- “The birth of @UBADubai is in line with our vision: global in outlook & competence, African by heart & knowledge, & a bridge to the world economy. Over the years, the Gulf, especially the UAE have become an important hub for global trade & also a trade gateway for Africa.
- “@UBADubai will serve our customers across the Middle East with a core focus on correspondent banking, trade & Treasury, whilst harnessing the opportunities the region has to offer to unlock our untapped economic potential and support our continent’s development,” the bank tweeted.
Speaking about the unveiling of the new branch, Tony Elumelu, Group Chairman, United Bank for Africa, said what started as an ambitious dream is today a reality as the bank has expanded its operations beyond Africa, the United States, and Europe to the United Arab Emirates.
- He tweeted, “Dubai’s strategic position as a thriving global trade hub at the intersection of Asia, Europe and Africa makes it an ideal market for our 35 million+ customers to leverage their businesses and boost their global footprint.”
Dubai’s strategic position as a thriving global trade hub at the intersection of Asia, Europe and Africa makes it an ideal market for our 35 million+ customers to leverage their businesses and boost their global footprint. pic.twitter.com/8nDxvJy1YM
— Tony O. Elumelu, CON (@TonyOElumelu) July 14, 2022
Wow! Wow!! Wow!!!
I never saw this coming…not even UBA. I don’t like this but guess what, I love it big time🙌🙌🙌🙌. This is great am still wowwwwww!!! Welcome naija to Dubai 🇳🇬🇦🇪
Pls this is an african bank. We want African employees not asians. Give Africans the job cos I know they can handle it well. Thanks
Meanwhile MILLIONS of Nigerians earn a living from jobs with foreign companies….
Anyway, I don’t blame you. It’s just another manifestation of the “federal character” mentality. Instead of competing for jobs on MERIT, let’s push ethnicity instead. SMH
Waoo! That’s another awesome Milestone for the UBA.
In the spirit of lifting Africa up from her economic development quagmire UBA has been the flagship and the precursor.
CONGRATULATIONS TO AFRICAN NO ONE FINANCIAL INSTITUTION!!!
Waoo! The Dubai outlet becomes another Awesome Milestone for the UBA and African financial markets.
In the spirit of lifting Africa up from her economic development quagmire UBA has been the flagship and the precursor.
CONGRATULATIONS TO UBA AFRICAN NO ONE FINANCIAL INSTITUTION!!!
Can individuals open an acct with UBA branch in Dubai?
Amazing!! This is a welcome development so far, it will gives opportunity to Africans in financial savings and jobs opportunities in the middle east.
We have qualify and competent African’s with accounting professional skills and experience, please don’t hesitate, they should be employed and I must appreciate Mrs Tony Elumelu for being a visionary leader.
FYI, I’m an accountant by profession that is ready to add value to the organization if opportune !
If some American or Brit asked Citi or Standard Chartered to prioritize the employment of Americans and Brits in their Nigerian or African branches, Nigerians/Africans would be up in arms.
Meanwhile, UBA has both African and non-African clients and accordingly one would fully expect it to continue to employ BOTH African and non-African staff. Diversity in important in business.