As I reflect on my recent 24-hour visit to Ethiopia, I am reminded of the profound impact that peace and security have on Africa’s economic transformation. It is a notion that resonates deeply with Africa’s Global Bank, UBA Group, which has proudly pledged $0.5 million to the African Union Peace Fund.
This significant contribution underscores the critical role that peace and security play in driving economic growth and development across the continent. The AU Peace Fund is instrumental in conflict resolution, mediation, and securing a stable future for Africa. By supporting this initiative, UBA Group demonstrates its commitment to investing in the future of Africa, empowering businesses, communities, and nations to thrive.
Peace and security are the bedrock of economic transformation. Without stability and security, entrepreneurs cannot flourish, investments cannot thrive, and our youth cannot dream big. It is imperative that we create an environment conducive to economic growth, where individuals, businesses, and organizations can operate freely and confidently.
UBA Group’s mission is clear: uplift lives, empower businesses, and drive sustainable development. This commitment is evident in our $14 million COVID-19 response and our ongoing support for the AU Peace Fund. We recognize that development will only come with peace, and that every individual, business, and organization must play their part.
As we embark on this journey, we are honored to stand alongside the African Union, working collectively towards a brighter future for Africa. The time for peace, security, and economic transformation is now. Let us work together to create a prosperous and sustainable Africa for generations to come.
Tony Elumelu is the Chairman of United Bank for Africa and Founder Tony Elumelu Foundation.
