Executive Director and CEO, UBA
Francophone, Emeke Iweriebor with Christian Georges Diguimbaye, Hon.
Minister of Finance and Budget, of the Republic of Tchad. at the
National Development Planing Forum organised by the government of Tchad
in Paris, France from recently
Tchad remains a good investment destination of choice for the United Bank for Africa.
The United Bank for Africa(UBA)Plc was
present at the roundtable Forum organized in Paris from September 6 – 8,
2017, by the government of the Republic of Tchad, on the financing of
the National Development Plan 2017- 2021.
The Forum was opened and closed by the
Tchadian President, His Excellency, Idris Deby Itno. In attendance were
the President of Mauritania, His Excellency Mohamed Ould Abdel Aziz, all
the Tchadian cabinet ministers, representatives from various
governments including the governments of Japan, Canada, the U.S.A, Saudi
Arabia, Switzerland and from the African Union, AfDB, EU, IMF, the IFC
and many others.
The Chairman of UBA GROUP, Mr Tony Elumelu was represented by the CEO, UBA Francophone Africa, Emeke E. Iweriebor.
Iweriebor who spoke at a session during
the forum stated that UBA’s decision to invest in Tchad a decade ago
turned out to be a very sound investment decision. ’UBA Tchad has
contributed to the growth of the Tcahdian economy through financing
infrastructure, a critical lever in sustainable development’. He went
further to explain that UBA Tchad is one of the Pan-African bank’s high
performing subsidiaries in Africa and encouraged potential investors to
look into Tchad as an investment destination.
With presence in 19 African countries
and in London, Paris and New York, UBA has supported several projects in
Tchad including a 60 Mega Watt Central Electricity power plant in
Farcha. UBA contributed $18.5million and led the syndication that raised
$80 million for the project resulting in an improvement in the access
to electricity in Tchad by 3.9%.
The bank continues to support the
government of Tchad in its development initiatives in the areas of
infrastructure, Oil and Gas and other key sectors of the economy.
The Forum on the National Development
plan saw many organisations and countries pledge support to Tchad with
about $20 billion having been raised.
Ending the forum, President Itno thanked
all the people and organisations present who had come to support Tchad,
promising that the administration was going to put in the maximum
effort to ensure that the development plan is successful. ‘This
administration is a transparent one that is working with partners to
ensure successful implementation of all the projects. It is the
responsibility of the government to lead the country to sustainable
development’ he said.
SHARE
No comments:
Post a Comment