United Bank For Africa appoints Kingsley Ulinfun as new Managing Director

 

Kingsley Ulinfun - New UBA Bank Tanzania Managing Director

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The United Bank For Africa Tanzania Ltd (UBA Bank) has today announced Kingsley Ulinfun as the banks new Managing Director. Ulinfun takes over from Usman Iman Isiaka.

Speaking in Dar es Salaam, United Bank For Africa Tanzania Ltd Board Chairman H.E Amb. Tuvako Manongi said that the appointment of Kingsley Ulinfun brings on board immense experience of 24 years and financial in-service industry where he has worked with the bank in various positions including Chief Credit Officer and Head of Retail and Consumer banking.

‘We have found a dynamic individual, who has a great passion for banking and this is a quality we believe United Bank For Africa Tanzania Ltd needs in these extremely competitive times. We are confident our new Managing Director will deliver great results,’ the board chairman said.

He added that the appointment of Ulinfun reflects the strength of UBA Group as Pan-African bank for the growth of business and its commitment to catalyze growth of Africa as it embarks in the execution of innovative digital play across the continent.

Ulinfun holds an MBA in Business Administration from the University of Benin, Benin City Nigeria.

In his remarks, Ulinfun expressed excitement and optimism for his new role and undertook to build on the strong foundation that his predecessor has laid.

Ulinfun said he was upbeat about the UBA Banks business prospects and has intimated championing a renewed focus on digitization, optimizing business processes and achieving operational excellence as his key priority areas in the short term.

‘We want to enhance our customers experience by reviewing our working procedures and improving our core banking system. Additionally, we will embark on a digital transformation journey so as to make our services more accessible and friendly,’ Ulinfun added.

He said that the UBA Bank will continue promoting and various engagement with partners and stakeholders which the bank has been doing for the past. He gave an examples as how the bank has working closely with the Government of Tanzania on various sectors citing the recent TANESCO loan and participation in supporting JULIUS NYERERE HYDROELECTRIC POWER PROJECT (JNHPP) (2115MW) by providing Bank Guarantees of USD 366mm, amongst others.

UBA Tanzania being a subsidiary of the global bank with presence in 20 African countries will continuously support the government projects and initiatives as it has demonstrated in the past through financing.

In other countries UBA has supported a number of government initiatives including Power, Sports and infrastructure improvements in the countries of existence. This shows true Pan – Africanism and strength as a global institution towards the improvement, investment for the development of Africa by Africans.

The Bank serves over 20 million customers, across its approximately 1000 branches and over 30,000 ATMs, PoS and agencies in Africa. 

Operating in 20 African countries and globally in the United Kingdom, the United States and France, UBA provides retail, commercial and institutional banking services.

The Bank is leading financial inclusion in Africa and beyond through the implementation of cutting edge products, including the first ever banking chat bot in Africa, LEO.