The Lion King | 17
What is the current market position of
UBA Zambia and what are our strategic
targets in five years?
There are 19 banks in Zambia. Depend-
ing on the indices you are looking at;
we rank between 10th and 16th. Not
a position one should be proud of,
however we have been in operation in
Zambia for a little over 4 years. Most of
the banks in Zambia have been here for
50 to 100 years. Our strategic objective
is for the bank to be in the top 5 in most
of the ranking parameters in the next 3
years.
What would you say have been the big-
gest challenges faced by UBA Zambia?
Infusing the UBA Culture into the tradi-
tional work culture of our Zambia staff
has been a bit of a challenge. The
culture of the people drives their daily
activities in life. As a bank, our greatest
Stanley Ugwueze
MD/CEO, UBA Zambia talks about the issues, the challenges
and thrills of building the UBA brand in Zambia
How would you describe doing business
in Zambia?
Having worked in various countries
across the continent and in Europe, I
must say working in Zambia has been a
wonderful experience. There is politi-
cal stability, which is very critical for a
smooth business operation. The people
are friendly and very accommodating
so the experience has been great.
Growing the Seed
S
tanley Ugwueze, the Managing Director of UBA Zambia,
has over 21 years banking experience with 19 years in
business development and has been driving UBA Group’s
operations in Zambia since 2012.
Since he joined the bank in 2006, Stanley has held various
positions in the UBA Group including Head of Retail Banking,
Area Manager as well as Regional Director. He has worked in
various banks in Nigeria as well as in the UK.
In this interview with LKM, he talks about the issues, the chal-
lenges and thrills of building the UBA brand in Zambia and the
market gains the brand is making in Zambia’s highly competi-
tive banking industry.
