UBA Expands to Mali

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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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