The chairman of the United Bank for Africa (UBA) group and founder of the Tony Elumelu Foundation, Tony Elumelu, is visiting Mozambique this Wednesday (12) as part of his tour of East, Central and Southern African countries to discuss with policymakers, business leaders and young innovators collaborative strategies for financing infrastructure, digital inclusion and youth-led entrepreneurship.

On his agenda in Mozambique, the UBA leader, considered one of the main advocates of Africapitalism and the transformative leadership of the private sector, will meet with the President of the Republic, Daniel Chapo.

In addition to Mozambique, the UBA group president's tour will cover key countries such as Kenya, the Republic of Congo (Brazzaville), Uganda, Zambia, Rwanda and the Democratic Republic of Congo (DRC). The multi-country visit underlines UBA's unwavering commitment to promoting economic resilience, empowering entrepreneurs and unlocking investment opportunities to drive Africa's sustainable development.

In a statement, the UBA group said that the meetings with African leaders aim to “take advantage of Africa's demographic dividend, where more than 60% of the population is under 35, and position the continent as a global engine of innovation and prosperity”.

“The story of Africa is one of immense potential, and it's time we took responsibility for it. Through this tour, the UBA is not just visiting these vibrant nations; we are establishing partnerships that will have a real impact. We must build resilient foundations together. This means empowering our entrepreneurs, bridging infrastructure gaps and creating shared prosperity for future generations,” said Tony Elumelu.

This strategic action comes at a crucial time, as Africa's GDP is expected to reach 2.6 trillion dollars by 2030, driven by sectors such as telecommunications, education technology and consumer goods. By strengthening ties with global partners, the UBA aims to facilitate 50 billion dollars in trade and investment flows over the next five years.

United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, offering superior value to customers in 20 African countries and global markets in the US, UK, France and UAE.

(Photo DR)