United Bank for Africa Plc has won the Africa Investor Social Infrastructure Deal of the Year award in recognition of its investment in infrastructure development.
The Ai Infrastructure Investment Awards 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.
The award was announced at the Ai CEO Infrastructure and Sovereign Investment Summit in Cape Town, South Africa, a statement by UBA on Wednesday said.
UBA was given the award for its significant investment in social infrastructure across the continent and in building the economic capacity of the communities in which it does its business, the statement added.
The Group Managing Director and Chief Executive Officer, UBA, Mr. Phillips Oduoza, was quoted as saying 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 said, “Infrastructural development is important in driving and sustaining Africa’s growth momentum. Over the years, we have built the expertise to package and support the right infrastructure deals that deliver value to the majority of Africans and support economic growth. We are happy that this award recognises the significant efforts we have made in this direction.”
Ai’s CEO and Vice-Chairman, Mr. Hubert Danso, was quoted as saying, “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.” – Punch.
