United Bank for Africa Plc has reported that all of its African businesses are now on solid ground, adding significantly to the group’s profit margin. In particular, the bank’s African operations have contributed about half of the group’s earnings, exploiting digital capabilities and products across the board to win considerable market shares throughout the continent’s many regions of operations.
Abiola Bawuah, the Executive Director/Chief Executive Officer of UBA Africa, made this disclosure.
“As of last month, none of our African subsidiaries were losing money,” she claimed. Due to the current issues in the private sector, Bawuah emphasized the importance of government regulation.
At the Africa Day/ UBA, Bawuah expressed her concerns about the current status of the private sector. Meanwhile, the CEO noted that the company was set to deepen the promotion of trade in Africa, through technology.