UBA bags social infrastructure deal award

Pan-African financial services group, United Bank for Africa (UBA) Plc has won the African Investor (Ai) Social Infrastructure Deal of the Year award.

The award was announced at the Ai CEO Infrastructure and Sovereign Investment Summit in Cape Town, South Africa last week.

According to a statement by the bank, the Ai Infrastructure Investment Awards formally recognises achievements across the main infrastructure sectors in Africa, and reward the institutions and personalities driving transactions and improving the continent’s infrastructure investment climate.
It explained that UBA was given the award for its significant investment in social infrastructure across the continent in building the economic capacity of the communities where it operates. 

Commenting on the awards, the Group Managing Director of the bank, , Phillips Oduoza, explained that the award  was a reflection of the bank’s commitment to supporting the growth of critical sectors of the African economy with its financial expertise and strong balance sheet.

He maintained that infrastructural development is critical in driving and sustaining Africa’s growth momentum.
He added that the bank has built the needed expertise to package and support the right infrastructure deals that would deliver value to the majority of Africans and support economic growth.

“We are happy that this award recognizes the significant efforts we have made in this direction”
Also commenting on the awards, Ai’s Chief Executive Officer and Vice Chairman, Hubert Danso, said, “Showcasing Africa’s infrastructure investment success stories is critical to creating references and increasing the required finance and institutional infrastructure investment to develop and implement the continent’s unparalleled infrastructure investment opportunities. Africa investor is therefore delighted to host these unique awards and congratulates the winners and all those that entered and participated in these important Ai Awards.”

The Social Infrastructure deal of the year award is third award UBA is winning in the last one month. The bank, in May 2015 won the Corporate Affairs Commission (CAC) Corporate Citizens Award in the ‘Extensive Compliance Category at the maiden edition of the awards ceremony organised by CAC in Abuja.

The Corporate Citizens Award, which is open to all registered companies in Nigeria, promotes the culture of good corporate governance in the Nigerian environment by recognising corporate citizens that have conducted their affairs in compliance with statutory requirements and best practices.