United Bank for Africa (UBA) Plc has committed $1.415 billion to support key projects across the continent, reinforcing its role as a major driver of economic development in Africa.

UBA Group Managing Director, Mr. Oliver Alawuba, confirmed the investment during a keynote address at the UAE-Chad Trade & Investment Forum in Abu Dhabi, UAE.

A breakdown of the commitments shows:

$400 million for Tanzania’s Julius Nyerere Hydropower Project

$700 million for Nigeria’s power sector

$315 million for road infrastructure in Ghana

Speaking on the theme, “Financing African Competitiveness – Building Bridges, Powering Progress,” Alawuba emphasized that UBA is more than just a financial intermediary, positioning itself as an architect of finance to unlock capital and reduce investment risks across Africa.

“At UBA, we have always believed that the capital to transform Africa exists, both within and outside our continent,” Alawuba said. “The challenge has never been a lack of capital, but a lack of bankable structures and credible partnerships.”

He also highlighted the bank’s support for Chad’s $30 billion Tchad Connexion 2030 initiative, describing it as a model for continental competitiveness and a blueprint for large-scale, transformative investment.

The bank’s massive financial commitment underscores its dedication to financing Africa’s infrastructure and economic transformation, demonstrating the growing role of African banks in driving sustainable development.