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Pan African banking and financial services group, United Bank for Africa (UBA) provides services to more than 11 million customers in 19 countries in Africa and 3 global financial centers in New York, London and Paris. Its influence and reputation as one of Africa’s largest and most successful financial services group, has continued to grow with the latest showing at the keenly contested global banking awards, where it clinched 5 country awards.

UBA won Bank of The Year 2016 in Gabon, Congo-Brazzaville, Senegal, Cameroon and Chad at the annual Bankers Award in London, a feat that the Group Managing Director/CEO, UBA Plc, Mr Kennedy Uzoka dedicated to the customers, whose loyalty, support and patronage he said has remained the fountain of the Group’s growth and competitive edge in the African continent.

He commended the country CEOs, staff and other stakeholders of the 5 subsidiaries for the performance, stating that the Group can achieve more with the renewed focus on customer service.

“The recognition speaks volumes. It validates the strong management, staff committment to service excellence, sound business model and prudent risk management in these country subsidiaries. We will keep up the good work” Uzoka said further.

The UBA haul was one of the highest by any banking Group and a key highlight of the ceremony, which took place at Hilton London Bankside. Organized every year in the last 17 years by The Banker Magazine; a publication of the Financial Times, the awards aim to highlight industry wide excellence within the global banking community. Over 1,000 applications are collected and judges select winners, based on pre-set metrics that measure progress over the past 12 months.

The 2016 awards were quite significant with markets beginning to stabilize and banks refocusing on growth, following cautious play on low commodity price cycle in the past few years. Some banks have focused on their domestic businesses whilst some have pushed their expansion into growing markets, thus making 2016 a good year for many banks like UBA who have implemented a robust strategy for growth.

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BUSINESS

HabariPay Launches Maiden “HabariPay Impact Report 2025”, Showcasing Its Journey, Business Evolution, and Contributions to Digital Payments

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1 day ago

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June 10, 2026

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HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), has unveiled its maiden HabariPay Impact Report 2025, providing stakeholders with a comprehensive account of the company’s evolution, innovation journey, business performance, and impact on the digital payments landscape.

The report captures HabariPay’s transformation from a newly established fintech venture into one of Nigeria’s leading payment infrastructure providers, highlighting the milestones, strategic decisions, and investments that have shaped its growth. It showcases the company’s contributions to enabling digital commerce, supporting businesses, strengthening payment infrastructure, and expanding financial access through technology-driven solutions.

The HabariPay Impact Report 2025 also highlights the company’s strong financial and operational performance, the growth of the Squad platform, and the development of infrastructure that powers payment acceptance, switching, transfers, merchant services, and value-added solutions. The publication further explores the role of innovation, talent development, and ecosystem partnerships in driving the company’s success.

Speaking on the launch of the report, the Managing Director of HabariPay, Eduofon Japhet, said: “As a technology-driven company, we believe that impact extends beyond financial performance. It is reflected in the businesses we enable, the merchants we support, the infrastructure we build, and the opportunities we create for the next generation of innovators. The HabariPay Impact Report 2025 captures this journey and demonstrates our commitment to creating sustainable value for customers, partners, and the broader economy.”

She further added: “The HabariPay Impact Report 2025 represents more than a reflection on our achievements; it is a testament to the deliberate investments we have made in building sustainable payment infrastructure, empowering businesses, fostering innovation, and creating long-term value for our stakeholders. As we look ahead, we remain committed to expanding our capabilities, deepening our impact, and shaping the future of digital payments through technology-driven solutions that are secure, scalable, and inclusive.”

The report also showcases HabariPay’s investments in innovation through initiatives such as the Take on Squad Hackathon and the Squad Hackademy, both of which are helping to develop future technology talent and accelerate the creation of practical solutions to real-world challenges.

Looking ahead, the publication outlines HabariPay’s vision for the future, including continued investment in payment infrastructure, merchant solutions, digital innovation, and intelligent technologies that will shape the future of financial services.

To access the HabariPay Impact Report 2025, please click the link below:

https://squadco.com/impact-report/

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BUSINESS

UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App

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3 days ago

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June 8, 2026

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Africa’s global bank, United Bank for Africa (UBA) Plc, has been named the winner of the African category at the 2026 Banker Technology Awards, recognised for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets.

The Banker Technology Awards received close to 200 submissions across 17 regional and product categories this year, with the cohort of winners reflecting a broad shift in how financial institutions are deploying technology as infrastructure embedded across payments, compliance, lending, and customer engagement.

In its assessment of UBA’s winning entry, The Banker noted that “the bank has cemented its status as a leading digital operator by placing technology at the centre of its growth strategy across more than 20 countries, with this approach most visible in its work on cross-border transfers, spanning digital payments, AI-driven engagement, and e-business”

UBA’s recognition centres on integrating Leo, its AI-powered chatbot, with the Pan-African Payment and Settlement System (PAPSS), enabling customers to send funds across borders in local currencies via a conversational interface.

UBA’s Executive Director Designate, Digital Banking, Emmanuel Lamptey, who received the award on behalf of the bank, emphasised the bank’s aim to fully digitise banking across the entire continent

“Africa’s financial future will not be built on branches or borders. It will be built on intelligence, interoperability, and trust at scale,” Lamptey said.

He added that the bank’s investment in Leo was a direct response to the cost and friction that has long defined cross-border payments on the continent. “Across a continent where cross-border transfers have historically been slow and costly, Leo reduces friction at the point of transaction, removing reliance on traditional banking channels without requiring customers to change how they communicate,” Lamptey said.

Alongside the award, UBA has relaunched its RedApp mobile banking platform following a comprehensive upgrade. The revamped application is designed to deliver a faster, more intuitive digital banking experience for customers across the bank’s markets, and can be downloaded at https://on.ubagroup.com/redapp.

Speaking on the relaunch, UBA’s Group Head, Brand, Marketing and Corporate Communications, Alero Ladipo, said the upgraded RedApp marks a new chapter in how the bank serves its customers digitally.

“At UBA, we are constantly raising the bar on what digital banking should feel like. The new RedApp is faster, cleaner, and built around how our customers actually live and bank. Whether you are managing your finances, making transfers, or accessing new features, the experience is now sharper than ever. We invite all our customers to download the upgraded app today on the Google Play Store for Android and the Apple App Store for iPhone,” Ladipo said.

Customers can download the upgraded RedApp now at https://on.ubagroup.com/redapp.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology

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BUSINESS

Wema Bank Announces Last Call for Submission of Entries for One-Day MD/CEO Children’s Day Initiative

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3 weeks ago

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May 19, 2026

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As the deadline of May 20, 2026, fast approaches, Wema Bank has announced the last call for submissions for children and teens interested in participating in becoming the MD/CEO of Wema Bank for one day.

Launched in May 2025 as part of Wema Bank’s 80th anniversary celebration, the One-Day MD/CEO initiative was introduced by Wema Bank to commemorate Children’s Day in a uniquely unprecedented manner. Inspired by the Bank’s 80th anniversary theme “80 Years of Impact, A Future of Possibilities”, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day.

As 12-year-old Chiderije Mbah emerged the winner, the Wema Bank One-Day MD/CEO initiative dominated the conversation on May 27, 2025, with children across Nigeria inspired to put in the work towards a successful future and parents commending the Bank’s consistent commitment to empowering children and helping them build the right future. This year, 2026, the Wema Bank One-Day MD/CEO initiative has returned on a larger scale.

For the 2026 Children’s Day celebration, Wema Bank will give another child or teenager [ages 0-16] a chance to step into the shoes of the Managing Director/CEO of Wema Bank for a day. The child will get to oversee board meetings, make tactical decisions, and experience firsthand the demands and responsibilities that come with the office of MD/CEO, especially for an institution like Wema Bank, Nigeria’s oldest indigenous national bank, most innovative, and pioneer of Africa’s first fully digital bank, ALAT.

To participate, children/teens are expected to record a 60-second video detailing what their ideal role in banking would be and what they hope to achieve. This video is to be posted on any social media platform using #EvolutionOfPossibilities and tagging @wemabank on the post. The post with the highest number of likes emerges as the winner, and the winner gets to become MD/CEO of Wema Bank on Monday, May 25, 2026, in celebration of Children’s Day.

Both parents and teens are encouraged to hurry and make their submissions now as the entry closes in less than two days, specifically on Wednesday, May 20, 2026.

More details on the Bank’s social media platforms @wemabank

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