By Samaila Emmanuel Bzugu
In a significant move aimed at expanding its global footprint, the United Bank for Africa (UBA Group) has signed a groundbreaking business cooperation agreement with the French Government. The agreement, which was formalized in a ceremony attended by top officials from both parties, paves the way for UBA to establish a full-fledged banking operation in France.
The landmark agreement marks a major milestone in UBA’s strategic expansion plans, as the bank seeks to leverage its extensive network and expertise to tap into the vast opportunities presented by the French market. With this agreement, UBA is poised to become one of the first African banks to establish a full banking operation in France.
The agreement is expected to facilitate trade and investment between France and Africa, particularly Nigeria, where UBA is headquartered
The agreement is expected to facilitate trade and investment between France and Africa, particularly Nigeria, where UBA is headquartered. The bank’s presence in France is anticipated to provide a platform for French businesses to access the African market, while also enabling African businesses to tap into the French and European markets.
Speaking at the signing ceremony, UBA Group Chairman, Tony Elumelu, expressed his delight at the agreement, stating: “This agreement represents a significant milestone in our bank’s expansion strategy. We are excited to bring our expertise and knowledge of the African market to France, and to facilitate trade and investment between our two countries.”
This agreement represents a significant milestone in our bank’s expansion strategy
The French Ambassador to Nigeria, who represented the French Government at the ceremony, welcomed the agreement, saying: “This cooperation agreement marks a new chapter in the economic relations between France and Nigeria. We are confident that UBA’s presence in France will contribute to the growth of trade and investment between our two countries.”
With this landmark agreement, UBA Group is poised to take its business to new heights, while also contributing to the growth and development of the African continent.
