The pan-African bank United Bank for Africa (UBA) Plc has unveiled a banking and investment platform dedicated to the diaspora African, intended for Africans living and working around the world as well as on the continent. The initiative marks a strategic evolution major in the offer of international financial services.

According to a statement, the solution was developed in collaboration with several key players in the financial ecosystem and insurance, including United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare Limited. The ambition is to go beyond the traditional model centered on fund transfers to offer an integrated ecosystem oriented towards wealth creation and long-term investment.

The launch, organized at the UBA headquarters in Lagos under the theme “Beyond banking services: boosting the way of life of Africans in world”, brought together all the partners. The platform offers an offer consolidated covering banking and payments services, investments, title services, asset management, insurance, retirement and real estate.

The head of the UBA Diaspora Bank, Anant Rao, presented this initiative as a strategic turning point in the commitment of continent towards its nationals internationally. “For decades, Africa's commitment to its diaspora has focused on transfers of funds. Today, we are moving to an integrated financial ecosystem allowing Africans around the world to manage their banking transactions, invest, protect their families and build a long-term wealth of fluidly,” he said.

He recalled that the annual flows of the African diaspora exceed 100 billion dollars, constituting one of the sources of capital the most resilient for the continent. The objective now is to channel these resources towards structured instruments that promote investment productive and asset security.

The Marketing and Communication Group Director institutional of UBA, Alero Ladipo, emphasized the importance of an approach collaborative to offer a seamless experience. “The modern African is a global citizen, mobile and ambitious, but deeply attached to his country original. It must have a structured and secure financial link with the continent, wherever it is,” she said.

The partners highlighted the growing demand for structured investment solutions, secure access to property real estate, adapted insurance products and financial planning at long term. Together, they affirmed their commitment to providing pathways transparent and professionally managed finances.

Anant Rao also recalled the philosophy of Africapitalism, promoted by the founder and chairman of the board director of UBA, Tony O. Elumelu. This doctrine defends the central role of the African private sector in the development of the continent, through long-term investments generating both economic performance and social impact.