{"id":73068,"date":"2024-05-16T11:42:02","date_gmt":"2024-05-16T11:42:02","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt"},"modified":"2024-05-16T12:29:08","modified_gmt":"2024-05-16T12:29:08","slug":"uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt","title":{"rendered":"UBA Africa CEO advocates for funding and partnerships to support Africa infrastructure dev\u2019t"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>In a panel discussion on infrastructure development in Africa, at the launch of the 2025 Africa Prosperity Dialogue, Mrs. Abiola Bawuah, the Executive Director and CEO of UBA Africa, emphasized the availability of funding to support the expansion of infrastructure across the continent.<\/p>\n

Mrs. Bawuah highlighted the presence of regional, commercial, and development banks in Africa which could offer the needed support for infrastructure to propel growth in Africa. She stressed on the importance of collaborative dialogues with all financial stakeholders to pool funds for Africa\u2019s development.<\/p>\n

Speaking on UBA\u2019s contributions, Mrs. Bawuah mentioned the bank\u2019s substantial financing of infrastructure projects in Africa, including Ghana, and expressed UBA\u2019s willingness to partner with governments and other entities to drive Africa\u2019s development agenda with regards to closing the infrastructure gap in Africa.<\/p>\n

Mrs. Bawuah emphasized the need for sustainable funding mechanisms, stating, \u201cOur quest for good infrastructure like roads, railways, telecoms, etc. must be paid for, and therefore we must demonstrate the ability to pay for the funding.\u201d She highlighted the role of banks in partnering with governments to ensure viable funding solutions, citing UBA\u2019s financing of a USD 300 million road project in southern Africa, which is sustained through tolling mechanisms.<\/p>\n

Addressing the cost of funding, Mrs. Bawuah called for dialogues aimed at reducing funding costs to make lending more viable for banks. She urged the African Prosperity Network (APN) to convene discussions between banks, the Bank of Ghana, the Business Community, and other stakeholders to achieve this goal.<\/p>\n

Regarding funding tenure, Mrs. Bawuah noted variations across countries, with UBA offering funding tenures of 8-12 years in some countries, subject to economic factors. However, she highlighted challenges in Ghana, where the longest tenure is currently limited to 4 years due to funding costs and challenging macroeconomic environment.<\/p>\n

Mrs. Bawuah also advocated for a review of Stock Exchanges in Africa, noting their underperformance and suggesting improvements to better support infrastructure development initiatives across Africa with long term funds.<\/p>\n

The panel discussion also featured prominent Key Personalities including the Group CEO of Telecel, Moh Damush, the Director-General of SSNIT, Kofi Bosompem Osafo-Marfo, and John Peter Amewu, Minister for Railway Development in Ghana, emphasizing the collaborative efforts needed from various sectors to drive infrastructure development in order to harness the opportunities that abound in Africa.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. In a panel discussion on infrastructure development in Africa, at the launch of the 2025 Africa Prosperity Dialogue, Mrs. Abiola Bawuah, the Executive Director and CEO of UBA Africa, emphasized the availability of funding to support the expansion of infrastructure across the continent. Mrs. Bawuah highlighted the presence of regional, commercial, and […]<\/p>\n","protected":false},"author":84,"featured_media":73067,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-73068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nUBA Africa CEO advocates for funding and partnerships to support Africa infrastructure dev\u2019t - Rwanda<\/title>\n<meta name=\"description\" content=\"In a panel discussion on infrastructure development in Africa, at the launch of the 2025 Africa Prosperity Dialogue, Mrs ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBA Africa CEO advocates for funding and partnerships to support Africa infrastructure dev\u2019t\" \/>\n<meta property=\"og:description\" content=\"In a panel discussion on infrastructure development in Africa, at the launch of the 2025 Africa Prosperity Dialogue, Mrs ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T11:42:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T12:29:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/05\/sm_1715849803.394909.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UBA Africa CEO advocates for funding and partnerships to support Africa infrastructure dev\u2019t\",\"datePublished\":\"2024-05-16T11:42:02+00:00\",\"dateModified\":\"2024-05-16T12:29:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt\"},\"wordCount\":410,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/05\/sm_1715849803.394909.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/uba-africa-ceo-advocates-for-funding-and-partnerships-to-support-africa-infrastructure-devt\",\"name\":\"UBA Africa CEO advocates for funding and partnerships to support Africa infrastructure dev\u2019t - 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