NIGERIAN BANK OPENS BRANCH IN MAPUTO

The Nigerian “United Bank for Africa” (UBA) has opened a branch in Maputo, bringing to 17 the number of African countries in which this bank operates.Speaking at the official launch on Monday, the chairperson of UBA-Mozambique, Clement Isikwe, said the bank is bringing to the Mozambican market “a vast range of world class solutions”, and will improve competitiveness in the financial sector.UBA already employs about 50 people in Mozambique, and intends to open branches in other parts of the country as from next year.UBA says that it currently has 7.5 million clients in 750 branches across the continent. It has offices in New York, London and Paris, and claims assets in excess of 19 billion US dollars.The UBA website announces its vision as “To be a role model for African businesses by creating superior value for all our stakeholders, abiding by the utmost professional and ethical standards, and by building an enduring institution”.