UBA has received approval from Bank of Zambia and other relevant regulatory authorities related to this. UBA has also launched a series of products designed specifically to address the key needs of African clients, companies and governments, to facilitate money transfer, cash management, trade finance and access to credit.
Rasheed Olaoluwa, CEO of UBA Africa, said: “The group’s Zambian operations have been strategically positioned to provide comprehensive financial services to support corporate and retail customers in Zambia and allow them to access UBA’s African and global network and product range.
“Thanks to our recent rapid expansion across the region and our growing strategic capabilities, we are now well positioned to provide unique products and services leveraging our cross border network – we want to provide services that are truly relevant to all Zambians and Zambia businesses.”
Abba Bello, MD and CEO of UBA Zambia, said: “We are excited about the prospect of serving our growing number of corporate clients who we believe will benefit from our extensive local and global knowledge.”
