The CEO of the United Bank for Africa (UBA Africa), Abiola Bawuah, is visiting the country with the aim of establishing partnerships that can strengthen investment in the country and boost the growth of small and medium-sized enterprises (SMEs), especially those led by young people and women. During her stay, she held meetings with the Bank of Mozambique, government representatives and companies from strategic sectors.
According to a statement from the financial institution made public on Thursday (20), Abiola Bawuah emphasised that the visit reinforces UBA’s commitment to promoting innovative solutions for Mozambique’s economic transformation. ‘Our commitment is to transform challenges into opportunities for a more prosperous and inclusive future,’ said the CEO.
The document reveals that one of the key moments of the visit was the meeting with the Board of Directors of the Bank of Mozambique, where Bawuah had the opportunity to learn about the country’s business environment. According to the CEO, the meeting made it possible to better understand the economic conditions and identify opportunities for collaboration in the financial sector.
In an effort to expand investment possibilities, UBA’s CEO also met with the management of the Portos e Caminhos-de-Ferro de Moçambique (CFM) company. ‘I went to CFM to find out what can be done to explore partnerships in this economically strategic area,’ said Bawuah, emphasising the sector’s potential to boost the country’s economic development.
Through specialised financing, mentoring and financial education programmes, UBA has supported Mozambican and African businesswomen in expanding their activities. The commitment is reflected in the search for concrete initiatives that generate jobs and contribute significantly to Mozambique’s economic growth.
The UBA Africa CEO’s agenda included meetings with the Minister of Economy, Basílio Muhate, and the Minister in the Presidency for the Civil House, Ricardo Sengo, as well as meetings with Empresa Nacional de Hidrocarbonetos (ENH) and Vulcan. The interactions demonstrate the bank’s interest in establishing strategic relationships that can catalyse investments in key sectors of the Mozambican economy.
According to the statement, with the visit, ‘UBA Africa reaffirms its position as an essential partner for Mozambique’s economic development, aligning itself with national efforts towards financial inclusion and sustainable growth’.
