UBA to catalyse SMEs, others to new heights

The United Bank of Africa (UBA) says it has put in place various service offerings to guarantee that the 2019 Lagos International Trade Fair provides a veritable platform to catalyse small medium enterprises (SMEs) and other participants businesses to new heights.

UBA’s Head, Group Consumer Retail Business, Mr. Jude Anele, gave the assurance at a media briefing to officially herald the 2019 Lagos international Trade Fair at the Lagos Chamber of Commerce and Industry (LCCI) headquarters in Lagos on Tuesday.

He explained that the 33rd edition of Lagos International Trade Fair scheduled to commence on November 1st, 2019, was expected to provide an avenue for networking, trade and investment bound to boost business activities in Africa’s largest economy and by extension, Africa.

While ensuring that SMEs maximise their presence at the fair, Anele explained that UBA would provide an uninterrupted banking services during the two-week event, and also provide advisory services to the small and medium entrepreneurs, fundamental to achieving their business goals.

“We have realised that critical to the success of SMEs in Africa is not necessarily access to finance, but their understanding of business and accounting mechanisms, process and procedures critical to their growth and existence especially on e-commerce, tax management, and bookkeeping and access to funding, and these are issues which we are trying to address.”

Speaking on the ease of payment during the event, especially with African companies from outside Nigeria, Anele disclosed that UBA has successfully put in place solutions that would see ease of payment within Africa.

UBA will be deploying state-of-art Point of Terminals (POS) configured towards ensuring merchants receive immediate values in currencies of their choice,” Anele assured.

The bank further said that in line with its unflinching support towards the growth of SMEs, it has reached an agreement with the organisers of the fair to give 20 per cent discount to its SMEs.

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