The Lion King | 13
1
2
3
4
Milestones
By 2035, Africa’s
labour force
will be
bigger than that of any
individual country in the
world
By 2020, an
estimated 128
million African
households will
have income
exceeding $5000.
An estimated
75% of Africa’s
population
does not have
access to electric-
ity. In rural areas, it
is as high as 90%.
Since 2000, 31 million
African households
have joined the world’s
consuming class reducing
poverty on the continent
DID
YOU
KNOW?
markets and sectors across the con-
tinent that will enable us achieve this
intent,” said Mr. Oduoza.
The Banker
A publication of the Financial Times
newspaper, The Banker is a global
financial intelligence magazine that
provides global bank ratings and
analyses and is the definitive reference
on international banking for high level
decision makers globally. According
to the magazine, the aim of the award
ceremony “is to highlight industry wide
excellence within the global banking
community.” One winning bank is se-
lected from participating banks in each
of the 120 countries from which entries
are received for the competition.
The Banker praise for UBA
Associate Publisher of the magazine,
Philip Church, stressed that UBA’s perfor-
mance at the awards is a testimony to
the trust the bank’s clients have placed
on the bank and its operations over the
year. “Being named as Bank of the Year
in your own country by the world’s long-
est running international banking title is
testament to the strong management,
sound business model and prudent
risk approach of your bank” said Mr.
Church.
Best transaction bank also
Also in September 2014, UBA won ‘Best
Transaction Bank from Africa’. The
award which focuses on transaction
banking does not only recognize banks
that have made improvements to their
investments in technology, but more
importantly how these improvements
are of real use to the bank’s customers,
noted Jane Cooper, Transaction Bank-
ing Editor at The Banker.
