December 20, 2014
Media Centre
Our Global Locations
FAQs
For answers to your banking queries simply visit out knowledge center using the button below
Media Centre

European Investment Bank and UBA to support small businesses across Africa

The European Investment Bank (EIB), Europe’s long-term lending institution, and United Bank for Africa (UBA) Plc, a leading Pan-African financial institution with presence in 19 African countries, have agreed to strengthen small and medium businesses in Africa through a EUR 50 million regional funding initiative.

“The European Investment Bank is committed to supporting the private sector in Africa. This significant partnership between UBA and the European Investment Bank will benefit small businesses seeking to expand and contribute to strengthening of the financial sector in 16 African countries. The ability to access harmonized financial services across borders will also encourage greater regional economic integration on the continent.” said Pim van Ballekom, European Investment Bank Vice President, responsible for lending operations in sub-Saharan Africa.

”Our expansion across Africa in the last five years has been driven by our commitment to fostering economic integration on the continent and supporting the development of African businesses. The partnership with EIB provides us with an additional source of medium to long term funding and will enhance financial intermediation in key sectors such as agriculture, manufacturing, infrastructure, transport, energy, health, education and, other sectors where long term funding is required” said Phillips Oduoza, Group Managing Director and CEO, United Bank for Africa Plc.

The EIB loan will be used by UBA for on-lending to eligible customers in its countries of operation. The initiative will assist UBA to strengthen its African regional network and represents the first time that the EIB has provided such facility to a Nigerian Bank for on-lending to small and medium sized businesses across borders.

06.11.2012 (10:06)
Add comment | Comments (5)
19.02.2013 (15:29) / Mr. Monroe
I would like a small business loan . Can your institute help me get started ? contact info willie24peoplepc.com
Reply
04.04.2013 (01:42) / Tom Hawkins
"We are partners with B2BChannels.com and would like to work with you on a special offer.. We have a partner network in over 39 countries.

B2BChannels.com has over 300,000 registered members - 60 Indian companies, 40 foreign companies, has over 130,000 products listed, and has over 50 channel partners for B2B Sales.

B2BChannels.com may be up for sale.. If interested in buying the site, please revert to tom_hawkinsmail.com or call +91-750-30-30-185.

We have a team of engineers and managers from IIT (a most prestigious technology institute in India) and sales and consulting people who have worked for companies such as KPMG, EnY, Microsoft, etc.

Please get in touch with us at +91-750-30-30-185 or email us at tom_hawkinsmail.com to discuss further.We would be eager to discuss the modus operandi of such a partnership

Request more information on the site, and we would be happy to provide.

Tom Hawkins
Blue Star Consulting"
BlueStarConsulting.webs.com
Reply
29.04.2013 (02:15) / Rid
I"ll like to know the requirements for accessing funds from the EIB-UBA initiative. I run a small ICT business and live in Nigeria. My contact email is robaitangmail.com. Thank you.
Reply
29.04.2013 (02:20) / Rid
I"ll like to know the requirements for accessing funds from the EIB-UBA initiative. I run a small ICT business and live in Nigeria. My contact email is robaitangmail.com. Thank you.
Reply
24.07.2013 (05:45) / simeon Za
Am a freelance financial consultant sourcing for off-shore funds for some of my clients in the oil and gas sector in Nigeria.

I would like to receive the guidelines and requirements for SMEs desiring to benefit from this fund.

You can reach me on the following email and phone number.

simterryzyahoo.com
08056371433

Regards,
Simeon Za
ACIB,CFA L2 Candidate
Reply
Your name:

CAPTCHA:


Enter the symbols (without spaces) in the picture

Add new comment:


Add comment