United Bank for Africa (UBA) Plc, has restated its commitment towards deepening Intra-Africa trade to attain self-reliance and economic development.
Speaking at the Africa Day celebration at the 37th Lagos International Trade Fair, in Lagos, UBA’s Deputy Managing Director, Muyiwa Akinyemi, said it is important for Africa to be deliberate about the economic liberation drive of the continent.
Akinyemi explained that the bank’s dedication to SMEs and trade advancement across Africa is what informed its recent agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat, to provide financing for up to $6 billion over the next three years to eligible businesses across the continent.
He said, “We signed the agreement with AfCFTA on the sidelines of the 30th Afreximbank Annual Meeting (AAM) which was held in Accra, Ghana. By this agreement, both parties are to promote the development of SMEs operating in Four sectors under the 1st phase of the partnership which are…
Source: Leadership Newspaper
