The Lion King | 29
News Roundup
UBA and ATI
Collaborate to
Boost Regional
and International
Trade
U
BA has entered into a partnership
with the African Trade Insurance
Agency (ATI) to ease the flow of
credit to clients engaging in regional
and international trade.
The partnership was announced on
Monday, September 22, 2014 in Nairobi
Kenya, after officials of both institutions,
led by Mr. Kennedy Uzoka, Deputy
Managing Director and CEO, UBA
Africa and George Otieno, ATI’s Chief
Executive Officer signed the agreement
to formalise the deal.
Under the agreement, ATI will provide
insurance cover for eligible UBA Group
transactions with its unique range of
political risk and trade credit insurance
products. The risk mitigation services
will provide an alternative to collateral
for UBA’s corporate clients, who may
otherwise face financial constraints in
obtaining credit, while also protecting
them against cross-border trade risks
and a broad range of investment risks.
“UBA is keen to boost inter and intra-Af-
rican trade because of its capacity to
accelerate development and integra-
tion across the continent. Over the
years we have supported our customers
to grow their business network across
Africa and internationally in pursuit of a
more prosperous Africa. UBA’s part-
nership with ATI will ease the flow of
credit to our customers and help them
expand their businesses across the con-
tinent” Mr. Uzoka said.
“Banks continue to be a vital aspect
of ATI’s business strategy. We are able
to impact a greater number of peo-
ple through their client networks. This
partnership with UBA helps us to support
cross-border trade, help companies to
access credit and to positively impact
the region’s economic development,”
said Mr. Otieno.
L-R: MD/CEO, UBA Kenya, Mr. Isaac Mwige; Chief Underwriting Officer, ATI, Mr. Jef Vincent; Chairman,
UBA Kenya, Mr. Ngugi Kiuna; DMD/CEO, UBA Africa, Mr. Kennedy Uzoka; CEO, African Trade Insurance
Agency, Mr. George Otieno; Deputy CEO, UBA Africa (Retail Bank), Mr. Emeke Iweriebor and Non-Execu-
tive Director, UBA Kenya, Mr. James Olubayi at the signing of the UBA/ATI Business Partnership in Kenya
choice.
In his remarks at the event; the Direc-
tor of Secondary Education, Ghana,
Rev. Simon Asige; assured UBA of his
ministry’s support, while committing to
distribute the essay flyers and posters
personally.
L-R: Deputy Director of Secondary Education, Republic of Ghana
Mrs. Dorothy Glover; Director of Secondary Education, Republic
of Ghana, Rev. Simon Asise; MD/CEO, UBA Foundation, Ijeoma
Aso; Deputy Minister of Education, Republic of Ghana, Hon.
Okudjeto Ablakwa; MD/CEO, UBA Ghana, Mrs. Abiola Bawuah;
and DMD, UBA Ghana, Mr. Usman Isiaka during the maiden launch
of the ‘UBA Foundation National Essay Competition in Ghana’
