UBA and Saudi EXIM Bank collaborate to improve business ties and promote the expansion of exports.

Africa's United Bank for Africa (UBA) Plc and Saudi Export-Import Bank (Saudi EXIM) have revealed a collaborative effort aimed at boosting business growth and fostering economic cooperation. The Memorandum of Understanding (MoU), signed during the Saudi and Arab African Summits, focuses on promoting trade between Saudi Arabia and African markets. The partnership will extend to supporting joint projects, co-financing, and sharing expertise in export credit policies. UBA's CEO, Oliver Alawuba, emphasized the potential for developing intercontinental business relationships, contributing to African economic development. Saudi EXIM's CEO, Eng. Saad Al-Khalb, highlighted the dynamic platform for exporting Saudi goods and services, fostering industrial growth, and expanding global influence across African economies.