By Newsshelve Correspondent.
United Bank for Africa (UBA) has reaffirmed its commitment to supporting African Small and Medium-sized Enterprises (SMEs) by sponsoring the Lagos International Trade Fair (LITF) for the sixth consecutive year.
The fair, organized by the Lagos Chamber of Commerce and Industry (LCCI), will take place at the Tafawa Balewa Square in Lagos.
Akinbo Akin Olugbade, Vice President of LCCI, expressed heartfelt gratitude to UBA for its unwavering support, highlighting the bank’s invaluable contributions to the fair’s success.
Olugbade noted that this year’s edition will offer exceptional opportunities for SMEs, business owners, and advertisers, including improved networking possibilities and promotion of international trade.
Babatunde Ajayi, UBA’s Head of SME Banking, announced a substantial loan facility dedicated to SME development, underscoring the bank’s strengthened commitment to supporting African businesses.
Ajayi emphasized the success of UBA’s partnership with LCCI, citing aligned missions and a focus on providing comprehensive market access and seamless transaction capabilities.
UBA’s support will extend beyond traditional banking services, providing direct customer engagement opportunities to facilitate connections between SMEs and potential customers.
The bank will also offer payment collection and repatriation services to streamline transactions for African exhibitors, as well as advanced digital banking platforms to ensure efficient transactions.
The collaboration between UBA and LCCI is expected to stimulate economic growth and contribute to Nigeria’s economic development.
As one of Africa’s largest employers, with a significant presence across the continent and globally, UBA is well-positioned to drive financial inclusion and implement cutting-edge technology.
United Bank for Africa is a leading financial institution, operating in multiple countries across Africa, the United Kingdom, the United States, France, and the United Arab Emirates.
The bank provides retail, commercial, and institutional banking services, leading financial inclusion and implementing innovative technology solutions.
By sponsoring the Lagos International Trade Fair, UBA reaffirms its dedication to empowering African SMEs, fostering economic growth, and promoting international trade.
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