UBA Concludes Arrangement For A Workshop For MSME Owners On Wednesday, July 29, 2020, Promises To Empower The African Entrepreneurs


By Stephen Ubanna

In spite of the Wuhan Town in the  Hebei Province  of the Asian country of China emerged  coronavirus, popular, COVID 19 , which had affected many sectors of the nation’s economy  including the Banking sector, due  to the lock down of the country  since March, 2020, the United Bank For African, UBA, plc, a pan African Bank, have continued to think of ways to support and grow the Micro ,Small and Medium Scale Enterprises , MSMEs, across the African Continent.

The Bank may have been encouraged to do so because of  its  believe that MSMEs, are the engine of any developing  economes. Given the importance attached to the MSMEs, the Bank, was said to have concluded arrangement to organise a Workshop for the Small Scale Entrepreneurs , this coming Wednesday.

Many believe that the Workshop is similar to the Tony Elumelu Foundation, popular, TEF, Entrepreneurship Forum, described as the Africa’s largest Entrepreneurship gathering. Elumelu, a notable Philanthropist and the Founder of TEF,   incidentally is the Chairman of UBA.

The one day Workshop, The Value News, was informed ”is targeted towards honing the skills  of the African  Enterpreneurs as well as helping them  fill the existing  gaps that will help their business to thrive’’.

The Bank was said to have adequately prepared for the World class event as it has mobilised the professionals and other business  leaders in various sectors of the economy  to come together ‘’ to  give an insight on the best practices of running and growing a business during turbulent time like the COVID 19, which is ravaging the global economy’’

A Statement by the Bank shows that ”the  MSMEs  event  will  hold  via Microsoft Teams  that will host the Professionals  who will share their experiences which has been established  as one of the major challenges that business owners face’’.   The Workshop, an  insider  promised will  be an eye-opener to the participants as the Professionals  will be impacting their invaluable knowledge to them basically to ensure that heir  businesses survive in this try trying time.

Chioma Ifeanyi-Eze, Founder of an Accounting Hub, who will take the first session of the Workshop is expected to  give an insight and share her practical experience   on Book Keeping and Accounting basics  for Small Scale Enterprises while  Emeka Amadi, the Pan African Bank  Head of Tax Management  will guide the participants through the practical steps on Tax Management  for Small businesses.

Jude Anele,  the Bank’s Group Head, Consumer and Retail Banking  may have gladdened the heart of the potential  Participants for the Workshop when he explained  that the Bank  has a ‘’deep passion  to help MSMEs, which are  the engine of any developing economy .

He suggested the need for the Entrepreneurs ’’to be armed  with  the basic  necessary tools that  will help galvanise  their businesses’’.  He stated that  the regular  MSMEs Workshop being  hosted by the Bank was ‘’necessitated  to assist both the Customers and non-Customers boost  their businesses.

He disclosed that  ’’UBA is committed  to the overall growth  of its Customers beyond Banking services’’ as it’s  passion is hinged  on ensuring  that Customers  and the Entrepreneurs run their  businesses  that ‘’can  stand the test of time with the knowledge required to take  their businesses to the next level’’.

Elumelu: Chairman UBA And Founder, Tony Elumelu Foundation

 He pointed out  that since the  ‘’modern day businesses requires that an average businessman   regularly updates his knowledge to cope with the challenging economy, the Bank have no option but to organise the Workshop  in order to equip the MSMEs owners with the necessary working tools to  do their business.

Anele, the Bank , Group Head, Customer and Retail Banking, may have reminded the MSMEs  owners that this is an internet /technology driven age and therefore, the need to sit up in order ’’to learn new ways of doing business and how to package their businesses, for increased patronage’’.    

Michelle Nwoga, Group Head, Marketing and Customer Experience may have doused the fear  being expressed in several quarters that the Workshop will only  accommodate the UBA Customers and businesses when   he said that ‘’it is also open to all  business owners and leaders across  the country’’.

Uzoka: GMD, UBA plc

Nwoga gave an insight  that participants  who register for the various sessions of the Workshops ‘’will be trained  in record keeping , cost reduction, stock compiling, financial and taxation planning, maximising opportunities, financial planning and projections’’.

He was said to have told  those that cares to listen that  UBA  is always on the  lookout for top  business personalities who are able to share their growth strategies with their upcoming business owners. 

The UBA, Group Head, Marketing and Customer Experience, who has every reason to be   happy said , ”the business leaders invited  for the  UBA,  Wednesday MSMEs Workshop  are experienced in every sense of the word and willing to share information  with others on how to grow their businesses’’.

The Bank had signed  a  $100 million  seven-year deal  with the  China Development Bank, CDB, on February, last year in order to help the MSMEs . The partnership, according to insider sources is expected to enhance the Bank’s capacity to   provide the MSMEs owners with access to financial facilities in Nigeria and the eighteen African  countries  where it  currently operates.

Kingsley Uzoka, the UBA Group Managing Director, had said that the  deal will catalyse  Africa’s Commercial and Industrial Develoment. Even , Tony Elumelu, the Bank Chairman, reportedly said during  the deal signing  ceremony  that the $100 million  ‘’will go a long way  in helping African’s MSMEs to scale up’’.

He had said that the  CDB, interest in supporting the MSMEs in the African Continent is in tandem  with the Bank’s vision ‘’ to help grow businesses  across Africa’’. There is no gain saying the fact that  TEF, founded by Elumelu, the Bank Chairman, had started the groundwork to empower  the MSMEs owners  grow their businesses  some five years ago.

 The Foundation had committed  $100 million  to actualize its dream  of giving funds directly to the  1,000 Entrepreneurs  and additional 2,050 beneficiaries  yearly for   10  years,  supported  by the Foundation partners across the African Continent.

The Foundation list of partners includeD the International Committee of Red Cross, ICRC, the United Nations Development Programme, UNDP, an agency of the United Nations, UN, Benin Republic, the government of Botswana, African Development Bank, ADB, and the Anambra state government

. Between 2005 and date, the total number of African Entrepreneurs that were said to have been empowered by the Foundation was about 7,520 according to insider sources. The beneficiaries were said to have been funded directly by the Foundation.


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