United Bank for Africa (UBA) Plc has been unveiled as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024), slated to be held at the Palais des Congrès in Cotonou, Benin, from February 22 to February 24, 2024.

As the financial institution of choice, with a presence in 20 African countries and active involvement in major continental development projects, UBA’s sponsorship underscores its commitment to fostering the growth of the mining and petroleum industry not only in the sub-region but throughout the entire African continent. Tony Elumelu, the Chairman of UBA Group, will deliver the keynote address during the opening ceremony, speaking on the theme: “Geo-extractive Resources and Technologies: What Pooling Strategies for Value Creation in West Africa.”

Elumelu’s speech is anticipated to highlight UBA’s increasing efforts to support and develop Africa through strategic investments in key sectors like mining and petroleum. The forum, held under the esteemed leadership of the President of the Republic of Benin, His Excellency Patrice Talon, and the current President of ECOWAS, His Excellency Mr. Bola Tinubu, will serve as a platform for UBA to restate its commitment to supporting economic and social development across the continent.

The focus of ECOMOF 2024 aims to transform the mining and oil sectors into economic pillars by formulating attractive policies for investors, crucial for their substantial contribution to the Gross Domestic Products (GDP) of ECOWAS member states. The Transnational Corporation Group (Transcorp Plc), a diversified conglomerate with strategic investments in various sectors, including power and energy, will also actively participate in the forum.

Key officials from UBA Group and Transcorp Plc, including Abiola Bawuah (CEO UBA Africa), Ebele Ogbue (UBA’s Group Head, Corporate and Energy Bank), and Owen Omogiafo (President/CEO, Transcorp Group), will be actively involved in discussions and panels during the event, which is expected to attract over 2,000 participants from diverse sectors. This includes representatives from mining and oil industries, government officials, international and national investors, industry experts, ECOWAS delegates, and international organizations. ECOMOF 2024 promises to be a significant platform for collaborative dialogue and partnership building.

United Bank for Africa, one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 35 million customers globally, operates in 20 African countries and in the United Kingdom, the United States of America, France, and the United Arab Emirates. UBA provides retail, commercial, and institutional banking services, leading financial inclusion and implementing cutting-edge technology.

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