UBA Group Contributes $500,000 to African Union Peace Fund.

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United Bank for Africa (UBA) Plc has demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned in the AU’s Africa Agenda 2063.¹

The AU Peace Fund plays a crucial role in financing mediation and preventive diplomacy efforts across Africa, strengthening institutional capacity, and ensuring rapid responses to emerging conflicts. Moussa Mahamat, Chairman of the Executive Management Committee AU Peace Fund, emphasised the importance of peace, saying “peace is synonymous with resources; if we want development and stability, we must achieve peace… Together we will continue to build a continent for the future.”.

UBA’s Group Chairman, Tony Elumelu, announced the donation in Addis Ababa, Ethiopia, highlighting the reasons behind the UBA Group’s support for the AU. Elumelu explained that corporate institutions have a critical role in shaping Africa’s future, and by investing in peace and security, UBA is contributing to an environment where businesses, communities, and nations can thrive.

“UBA is committed to advancing sustainable development, uplifting the quality of life across Africa and the vital connection between economic growth for Africans and African businesses and the stability provided by peace and security,” Elumelu said. He also emphasized that “Development will come with peace, and every individual, organisation and business should be committed towards achieving this.”

With a presence in over 20 countries in Africa, UBA strongly believes in the continent’s potential. The bank has a long-standing commitment to the growth and stability of the continent, including the UBA Foundation’s contribution of $14 million to support the fight against the COVID-19 pandemic in Nigeria and 19 other African countries.

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