Godsent Ogbebor
UBA Donates $500,000 to African Union Peace Fund
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund.
This contribution supports the AU’s mission to enhance security, conflict resolution, and sustainable development as outlined in the Africa Agenda 2063.
UBA’s statement highlighted that the AU Peace Fund plays a vital role in financing mediation and preventive diplomacy efforts, strengthening institutional capacity, and enabling rapid responses to conflicts across the continent.
Chairman of the AU Peace Fund Executive Management Committee, H.E. Moussa Faki Mahamat, acknowledged the significance of the donation, stating that “peace is synonymous with resources,” and that UBA’s commitment reinforces efforts to achieve long-term stability and development in Africa.
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UBA’s Group Chairman, Mr. Tony Elumelu, who announced the donation in Addis Ababa, emphasized the necessity of corporate involvement in shaping Africa’s future.
He stressed that by investing in peace and security, UBA is fostering an environment where businesses and communities can thrive, ultimately driving sustainable development and economic prosperity.
With operations in over 20 African countries, UBA maintains a strong belief in the continent’s potential, advocating that development is only possible through sustained peace.
Elumelu also commended the AU for its dedication to peace and security, reaffirming UBA’s commitment to deeper collaboration in this shared vision for Africa’s progress.
