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Sanwo-Olu Commissions UBA Business Office at  New Ultra-Modern Afriland Towers

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EID-EL-FITRI

The United Bank for Africa (UBA) last Friday, officially added a new touch point to its network. UBA operates in 20 African countries and in the United Kingdom, the USA and France. The new branch in Afriland towers on the Lagos Island was commissioned by the Executive Governor of Lagos state, his Excellency Mr Babajide Sanwo-Olu and the Chairman of UBA, Mr Tony O. Elumelu.

 

The Governor who congratulated the UBA management and Afriland for the beautiful edifice said the bank has remained a principal stakeholder in the development of Lagos, constantly creating jobs and opportunities for Nigerians.

The Chairman, UBA Group, Mr. Tony Elumelu, who received the Governor as well as the Oba of Lagos, Oba Rilwan Akiolu expressed gratitude to every other guest who took time off their busy schedules to grace the event.

He explained that the project to build the new business office in Afriland towers was borne out of the need to solidify past successes recorded by the bank, as well as create new vistas for the growth of businesses. He explained that Afriland properties, developers of Afriland Towers is set to develop new projects aimed at catapulting Lagos into the state of excellence.

He said, “It is interesting to note that Afriland has been developing some iconic properties, and today is a wonderful and joyous moment to see that this building which has a lot of rich history, is back to life. We call it the rebirth, and we appreciate all the planning that has gone into the creation of this beautiful and clean world-class masterpiece’. Elumelu hinted at plans of Afriland to develop more iconic properties in the near future, adding that given its expertise and its pedigree, the people of Lagos were in for a huge surprise.

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Elumelu said, “Indeed, this is just a tip of what we want to do at Falamo in Ikoyi. We are going to develop a world-class integrated complex at Falomo, and everyone will be pleased at the outcome.

On his part, the Lagos State Governor, congratulated UBA and Afriland on the major feat of developing a beautiful edifice such as Afriland, adding that  Tony Elumelu is known for coming up with great ideas that boost employment opportunities for Nigerians.

He said, “This is a historic event today and it is a great honour to be here to see the kind of possibilities that can be achieved when you set your mind to it, and what you can turn an un-earning asset into. It is very interesting to note that that this house, formerly called the Raymond House has a rich history, and this is quite nostalgic for me because like some of you may know, I used to work with UBA and this place was the head office where everyone wanted to be because everything happened here. Im happy to know that it has such a rich history dating back to over a century ago.

Continuing Sanwo-Olu said, “I want to commend you and I am happy that Afriland has turned this into a very beautiful and modern 21st Century building with a high level of detail, and beautiful structure. Infact, I call it a work-life like environment – this is what it should be, coming to an environment that caters for you in all areas and for your healthy living.”

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While stating that the building was bringing back the old glory of Lagos, the governor added that it will put plans in motion to use the Afriland template to develop some of its old buildings.

“We plan to rebuild some of our old structures in Lagos state such as the old Oluwole market, the children’s hospital at Martins street, among others. We will also be building a cable car project into Lagos Island and all the buildings that have gone down will be rebuilt to meet up with international standards that Afriland has shown us here today,” Sanwo Olu added.

The Oba of Lagos, who congratulated UBA for continuing to contribute positively to the economy as a financial institution that cares about the communities in which it operates.

The Managing Director, Afriland Properties, Uzo Oshogwe, gave a brief history of Afriland Towers, noting the former Raymond House was built in 1886. She added that the rebirth of the Towers showed that the company believed in the potential that could be achieved at the edifice.

The new ultra-modern Afriland Tower Business Office is equipped with state – of – the art facilities, designed to ease banking transactions for its visitors. Facilities provided in the new office include ATM galleries amongst others

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Develop Homegrown Solutions; Human Capacity and Invest in Agriculture to Rebuild Africa; Experts say at UBA Africa Day Conversations

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Africa Day

·       Prioritise SMEs Development

·       Advocate Partnerships between Private Sector and Government

African thought leaders and great minds have noted that the development of homegrown solutions and adequate investment in human capacity building and agricultural expansion are key steps that will help to rebuild Africa and put the continent on a stronger footing post Covid-19.

Analysing the theme ‘Domestic Policies, Regional Development and a Global Agenda: SDGs and African Development at Crossroads; the speakers collectively gave this submission during the second panel session of the 2020 edition of United Bank for Africa (UBA) African Day Conversations.

The virtual session, which was moderated by Veteran Journalist and Media Consultant, Eugenia Abu, was made up of thought leaders from across Africa, including the Regional CEO, UBA West Africa, Abiola Bawuah (Ghana); Senior Program Coordinator, Regional Network of Agricultural Policy Research Institutes, Dr Nalishebo Meebelo (Zambia); Leadership Coach and Chairman, Go Ahead Africa Ltd, Roland Kwemain (Cameroon); Founder and Executive Director, Social Change Factory, Sobel Aziz Ngom (Senegal); Special Assistant to the President Muhammadu Buhari on Digital and New Media, Tolu Ogunlesi (Nigeria); and Social Entrepreneur and Founder, LEAP Africa, Ndidi Nwuneli (Nigeria).

Abiola Bauwah who emphasised how Africa should rely less on foreign donors, said, “There are five areas we should work on more for us to reach the SDG goals; the private sector; rapid industrialization; institutions and the rule of law; develop our human capital; remove the barriers across Africa. We should institute Africapitalism which is an economic philosophy that says that the human and capital resources of Africa are the only ways in which we can develop Africa.”

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Nalishebo Meebelo noted that there’s a lot that young people can do along the value chain of manufacturing, transporting, technology and marketing, adding that, “Government cannot do it alone, they need to work with other stakeholders. Cut and paste solutions do not work for us here in Africa, we need to have our own homegrown solutions to fight this pandemic.”

Eugenia Abu, who focused on the huge role that women and youth must play in rebuilding the continent, said that Africa had to work together to provide solutions to its numerous challenges. “Women, entrepreneurial champions, young people and collaborations between African countries are very key to developing Africa,” she stated.

Ndidi Nwuneli who was saddened that the agricultural sector remained hugely untapped, emphasised the need for a change of mindset where people usually equated agriculture to poverty. “This is a $1 trillion industry and we are neglecting it; therefore my charge to you is that we invest in the agricultural sector, prioritize it, leverage it, transform our educational system to prepare our young people for this sector, change the mindset and trade with each other,” she explained.

Sobel Aziz Ngom pointed out the need for the youth to take charge in Africa. “It is time to not just serve young people, but to trust them to lead. The challenge that we have at the domestic and continental level is making the change in our structure and in the political system that give the place to young people to be 100% engaged,” Ngom stated.

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In his own submission, Tolu Ogunlesi, said, “All over the countries young people are seizing opportunities, and we need to start thinking about how to make sure that this is not just for the age of COVID but for now and beyond COVID-19. Even if the pandemic was to disappear today, I hope that the lessons we’re learning, we’re not going to forget them and go back to where we used to be.”

For Roland Kwemain, more institutions need to tow the line of UBA in events such as UBA Africa Conversations. “If 100 multinationals in Africa were doing that UBA is doing, we would go far because CSR is an amazing leverage not just for the brand but also for supporting people & women in terms of activities. The truth is that we need partnership between the government, corporates and the civil society,” he said.

The United Bank for Africa is a leading pan-African financial institution offering banking services to more than twenty million customers globally. With footprint in 20 African countries and presence globally in the United Kingdom, the USA and France, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments and remittances, trade finance and ancillary banking services.

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UBA Revamps Kiddies, Teens Accounts; Customers to Get 13th Month Reward, Scholarships, Other Benefits

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Kiddies

Pan African financial institution, United Bank for Africa (UBA) Plc, is set to reward consistent customers with a 13th month cash reward as well as access to scholarships in the upgraded and revamped UBA Kiddies and Teens Accounts.

 

To qualify for these exciting rewards, customers need to maintain a minimum balance in these accounts which have been designed to enable parents and guardians save for their children aged between 0 – 12 years for the UBA Kiddies Accounts and from 13 to 17 years for UBA Teens Account, whilst also teaching the kids money management skills.

 

Breaking this down to both old and new customers, UBA’s Group Head Marketing and Customer Experience, Michelle Nwoga, said, the Children banking proposition have been revamped with new offerings to assist parents imbibe the culture of savings in their kids from a very tender age.

 

To enjoy the 13th month reward all the customer needs to do is maintain a standing instruction of saving a minimum of N5,000 for 12 months and they are rewarded automatically; in the same vein, for the Scholarship reward of N200,000; the customer simply needs to maintain a standing instruction of saving a minimum of N10,000 for six months to qualify for a bi-annual draw.

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In addition to saving for their child’s future, holders of the UBA Kiddies and Teens accounts can also get discounted healthcare plans.

 

Nwoga said, “Typically, conversations about money start at home, when parents open their child’s first account and the kids start asking questions about money. It’s one of the most important conversations a parent has with their child, hoping to set them on the right track to managing money responsibly.

 

“And that is why we have introduced exciting benefits and rewards to these account holders to make it easier for parents as they help their kids develop financial and money management skills. Our Kiddies and Teens Account offers parents an opportunity to give their children a head start in life by starting to save for their future early, Nwoga stated.

 

In a similar development, UBA recently upgraded its mobile and internet banking applications, introducing lots of new, exciting and interactive features to aid banking, while allowing customers to perform unlimited transactions from the comfort of their mobile phones

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UBA’s Group Head, Consumer & Retail Banking, Marketing, Jude Anele, who expressed delight with the upgrade said that the bank’s numerous investments into digital transformation has begun to yield good returns for customers, going by the reviews already received.

 

“I will like to let you know that all the investments we have made over the years in the area of technology will begin to yield now, because already UBA’s new Mobile Banking App demonstrates our resolve to provide unparalleled experience across all our channels is in line with UBA’s vision to dominate Africa’s digital banking space,” Anele said.

 

The United Bank for Africa is a leading pan-African financial institution offering banking services to more than twenty million customers globally. With footprint in 20 African countries and presence globally in the United Kingdom, the USA and France, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments and remittances, trade finance and ancillary banking services.

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Dangote, MTN emerge most admired African brands

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Dangote

For the third time in a row, Dangote Group has emerged as the most admired African brand, of African continent origin, by consumers, paired with the telecommunication giant, MTN in a survey of 100 Africa best brands announced in a novel global virtual event that incorporated the market openings of Kenya, South Africa and Nigeria.

GT Bank returns to the top spot in financial services and the United Kingdom’s BBC retains its media category ranking as the most admired media brand in separate category sub-surveys of the most admired financial services and media brands in Africa. African brands only occupy 13 of the 100 entries, seven less from last year.
Established 10 years ago, to coincide with the 2010 FIFA World Cup, the world’s biggest single sporting event, the Brand Africa 100: Africa’s Best Brands survey and rankings have established themselves as the most authoritative survey, analysis, and metric of brands in Africa.
African brands only occupied 13 of the 100 entries, 7 less from last year’s.  Founder and Chairman of Brand Africa and Brand Leadership, Thebe Ikalafeng during an online interactive session via Zoom said: “African brands have an important role in helping to build the image, competitiveness and transforming the continent’s promise into a real change. It’s concerning that in the 10 years since the triumphant FIFA World Cup in South Africa which globally highlighted the promise and capability of Africa, and despite the vibrant entrepreneurial environment, Africa is not creating more competitive brands to meet the needs of its growing consumer market.” Global Client Development Manager, GeoPoll, Caitlin van Niekerk said: “The reach and accessibility of mobile across the continent enabled us to survey respondents across a representative sample of countries quickly and effectively, giving us vital and timely results at a critical time. Kantar has been the insight lead for Brand Africa since inception in 2010.”
It is a consumer-led survey which seeks to establish brand preferences across Africa. The survey is conducted among a representative sample of respondents 18 years and older, in 27 countries which collectively represent 50 per cent of the continent, covering all economic regions and accounting for an estimated 80 per cent of the population and the GDP of Africa. The 2020 survey was conducted between February and April 2020 and yielded over 15,000 brand mentions and over 2,000 unique brands
Out of the top 100 brands in 2010/11, only half still appear in this year’s list due to mergers, acquisitions and the obsolescence of many brands. The most prominent changes are in the technology category with the demise Blackberry (#32 in 2010/11), the consolidation of Vodafone (#54 in 2010/11 and now #13 in 2020) which acquired Vodacom in 2008 and re-branded in 2011, Etisalat (#40 in 2010/11) re-branding to 9 Mobile in 2017 and Motorola (#39) being acquired by Lenovo in 2014. A Chinese brand, Tecno, has raced up the ranking from #33 to #5 in the rankings – a dominant performance for one of China’s premier global brands that are not even sold in China
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina said the management was not unexpected of the ranking because  the company has a long standing reputation for quality, relevance compliance and social stewardship. “Our mission and vision engage and inspire us to by extension connects us to with both our internal and external stakeholders.
“We fervently believe that only Africans can develop Africa, and this gives us stronger sense of relevance  in all the countries where we have our operations. we are touching lives by providing their basic needs and empowering Africans more than ever before creating jobs reducing capital flight, helping government conserve foreign exchange drain by supporting different industrial infrastructural projects of African government.”
Mr. Chiejina stated further that Dangote Cement has been producing high quality and affordable cement, reducing poverty, engaging in unprecedented philanthropy and above all respecting the laws of the land where we operate. “All these are our credo and we do not compromise it, it is our way. And the ranking is just an acknowledgement of all these by our stakeholders, We keep our brand promise and stay authentic.” he concluded
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