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



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