KAMPALA – The United Bank for Africa (UBA) is targeting Uganda’s youth population and closing large ticket transactions as part of plans to dominate the Uganda banking industry, officials have said.
“We plan to introduce new products and services that will transform the industry and UBA. We are confident that these developments and the customer at the center of it all. We shall achieve our goal of market dominance,” the Uganda unit’s managing director Johnson Agoreyo said during a recent press engagement in Kampala.
The Nigerian based bank across its offering will focus on delivering excellent customer performance and its retail segments will be targeting its youthful customers with its mobile and agency banking, as well the UBA Facebook assistant, Leo, a first for Uganda.
In the whole sale space the pan African bank will be leveraging its $12b asset base to finance projects in infrastructure, agriculture, oil and gas. To that end it will be looking to strike strategic partnerships with key ministries and departments.
UBA opened shop in Uganda in 2008 and since then has opened 11 branches and offers a wide range of projects in the wholesale, retail and digital space.