(Ecofin Agency) - During a meeting last Thursday with Togo’s president, Faure Gnassingbé, UBA’s President, Tony Elumelu said he would open in Lomé, Togo’s capital, a branch that will support SMEs, financially.

Elumelu firmly believes Africa’s development will take place through its entrepreneurs. “The private sector holds the key to unlocking Africa’s human and economic potential,” he recently told French newspaper Le Monde. Chantre de l’Africapitalisme,

His foundation is fully dedicated to helping African entrepreneurs bloom.

UBA (United Bank for Africa) operates in 19 African countries as well as in London and New York.