Tony Elumelu, chairman of the United Bank for Africa (UBA) group and founder of the Tony Elumelu Foundation, met on the 12th with the President of the Republic of Mozambique, Daniel Chapo.
The visit to the country, which reaffirms UBA's dedication to sustainable development across the continent, is part of Tony Elumelu's ongoing pan-African tour aimed at promoting stronger economic collaboration. The meeting also provided an opportunity for Elumelu to reaffirm UBA's lasting commitment to supporting Mozambique's economic agenda through targeted investments in key growth sectors such as energy, agriculture, tourism and infrastructure.
Elumelu emphasised the need for Africa to harness its abundant natural resources, its dynamic young population and its growing domestic capital to accelerate inclusive development. He spoke about the importance of collaboration between the private sector and government in unlocking the continent's full potential, stating: “Africa's progress will be defined by our ability to harness our strengths, invest strategically and develop local solutions that transform lives and economies”.
In response, President Daniel Chapo praised UBA's long-standing commitment to advancing financial inclusion and private sector growth across Africa. He highlighted the progress Mozambique has been making in critical sectors, including energy, agriculture and tourism, and expressed optimism about deepening collaboration with UBA to strengthen those areas. In particular, he welcomed the idea that UBA is prepared to support Mozambique's economic development.
Since its inception, UBA Mozambique has continued to expand its presence and strengthen its position as a key partner in national development. Through innovative banking solutions and customer-centred strategies, the bank remains committed to contributing significantly to the transformation of the economy, in line with its broader mission of driving Africa's growth.
Elumelu was accompanied by key executives, including the chairman of UBA Mozambique, Felipe Mandlate; the Chief Executive Officer of UBA Africa, Sola Yomi-Ajayi; the Managing Director/CEO of UBA Mozambique, Pedro Maranguene; the Group Chief Operating Officer of UBA, Emmanuel Lamptey; and the Group Executive for Financial Services, Samuel Ocheho.
This visit to Mozambique follows Tony Elumelu's recent engagements with the presidents of Kenya and Zambia, further reinforcing the UBA Group's strategic commitment to cultivating strong government partnerships, empowering subsidiaries and deepening investment in Africa's most promising economies.
