This Thursday (12), the CTA welcomed a team from UBA Bank, led by its CEO, Rotimi Morohunfola, who presented the recently approved lines of financing for small and medium-sized enterprises (SMEs).
UBA recently entered into a partnership with ZCLA to provide financial support to SMEs to the value of 6 billion US dollars. The priority areas are pharmaceuticals, agribusiness, transport and logistics, and it intends to start making the line of financing available on a massive scale, with a target of 50 million dollars for this year.
UBA Bank has expressed its interest in starting a partnership with CTA, as it is the umbrella of the Mozambican private sector, and believes that, through this partnership, many companies will be able to benefit from the financing packages available from the Nigerian-owned financial institution.
UBA has reaffirmed its interest in supporting the growth of SMEs. For this reason, the two institutions (CTA and UBA) have agreed to sign a Memorandum of Understanding shortly.
