USAID and the United Bank for Africa Sign Memorandum Of Understanding to advance the two-way trade and investment goals of prosper Africa
On February 6th, 2020, U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States.
USAID will provide technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs, and will connect UBA with African Diaspora business groups working across the United States. The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States, to expand access its reach and extend financing to American companies in the United States looking to do business with African nations.
Recognizing tremendous growth opportunities, USAID and UBA are collaborating to advance Prosper Africa’s goal of substantially increasing two-way trade between Africa and the United States. By working together, they will extend financing and technical assistance to businesses that will strengthen the American economy, grow African economies, and create jobs on both sides of the Atlantic.
The two institutions entered into this agreement as part of the opening ceremony of the Tunisia Prosper Africa Conference, co-organized by the U.S. Embassy in Tunis and the American Chamber of Commerce of Tunisia. The event facilitated U.S. and African business-to-business connections and featured remarks by key representatives from the U.S. Government and the U.S. and African private sector.
Winners Emerge in UBA Foundation’s National Essay Competition Congratulations to Eshiet Abasiekeme of Bright Stars Model Secondary School, Uyo for coming in 1st place in
UBA Foundation’s National Essay Competition 2020 brings out the finest young creative writers in a challenging year 10 out of 12 are girls Lagos, November
UBA Zambia’s donation of African literature books In Zambia, on Friday, 13th November, the Bank, under UBA Foundation’s Read Africa initiative, donated 200 African literature
UBA Sierra Leone launches National Essay Competition UBA Foundation on Friday 13th November, collaborated with the Ministry of Basic and Senior Secondary Education (MBSSE) to launch