UBA GROUP SETS TO PROJECT AFRICAN ENTREPRENEURS TO THE GLOBAL MARKET VIA ITS SECURED ECOMMERCE PLATFORM - ‘UBA MARKETPLACE’ | MALUNDE 1 BLOG

Wednesday, July 24, 2019

UBA GROUP SETS TO PROJECT AFRICAN ENTREPRENEURS TO THE GLOBAL MARKET VIA ITS SECURED ECOMMERCE PLATFORM - ‘UBA MARKETPLACE’

  Malunde       Wednesday, July 24, 2019


UBA Bank Tanzania Managing Director Usman Isiaka speaks in Dar es Salaam today during an event to ECOMMERCE PLATFORM - ‘UBA MARKETPLACE’ which gives an opportunity to allow businesses (small and medium scale) have an online store where they can advertise and sell their products or services across the continent and beyond .
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‘UBA Marketplace’ is a secure online marketplace that allows businesses (small and medium scale) have an online store where they can advertise and sell their products or services across the continent and beyond. The UBA Marketplace is owned and managed by United Bank for Africa, a leading Pan-African financial institution in Africa with over 12 million customers. The Marketplace offer businesses personalized e-commerce site with their own unique store name to showcase their goods online thereby reaching potential customers across the globe irrespective of their physical locations.

As part of the process of enhancing the business network of African entrepreneurs, UBA Group also organizes an annual gathering of the ‘UBA Marketplace’ registered merchants, vendors, customers and other stakeholders for a two day exhibition in Nigeria. This year’s event is scheduled to hold at the iconic Transcorp Hilton Hotel, in Nigeria’s capital city of Abuja on the 26th and 27th of July 2019 with the theme “Empowering African Entrepreneurs”. This Africa’s largest gathering of business owners and entrepreneurs, promises to be the ideal forum for the enhancement of Tanzanian entrepreneurs business connections as over 5,000 visitors and over 100 registered exhibitors across 20 African countries, plus top private and public sector players will be gracing this annual historical event.

The UBA Market is available https://www.ubagroup.com/nigeria/market-place-africa/


On UBA Marketplace, there are different ways to sell your products such as listing on the marketplace, offering deals or listing as an auction. The E-commerce platform features categories such as electronics, fashion, jewelry, health and beauty, groceries, household goods, perfumes and more.

To further advance the course of entrepreneurs in the continent, 3 African leaders on day 2 of the event, will be engaging an audience of 5,000 people and watched around the globe through TEF forum, courtesy of the founder of TEF, Tony O. Elumelu, the Group Chairman of UBA Plc.

There will be plenary sessions which will highlight entertainment and music industries. Likewise, fashion, a big cultural and revenue attraction on the continent, will be showcased with the designs of 10 leading African labels. The event will provide a unique opportunity to shop, eat, play, network and party at the Africa’s largest fair of entrepreneurs as the African renowned artist “Wizkid” will be leading others; Niniola, DJ Cuppy, DJ Neptune to provide live music concert.

A good number of Tanzanian entrepreneurs are poised to grace the trade fair and will be showcasing Tanzanian products and culture. With this event, UBA seeks to touch base with small business owners while positively affecting the lives of entrepreneurs doing business in its countries of operations and beyond’.

Furthermore, this Forum presents the largest single annual opportunity for entrepreneurs and policy makers to interact directly and all sessions at the Forum have private sector and public sector leaders anchored in panel discussions, master classes, and a dynamic pitching competition that will engage an audience of start-up entrepreneurs, development institutions and policymakers.


The Managing Director of UBA Tanzania, Usman Isiaka explained various benefits as to why the entrepreneurs should embrace this golden business opportunity: UBA Marketplace reach wider audience through Internet penetration with increasing number of internet users and online shoppers; it is cost effective as it offers an effective low cost channel for SMEs in Tanzania to drive sales online through new customer acquisition; it leverages on the support of a trusted bank with over 12 million customers; customers will be able to create their store url to share with their buyers (example: Omary.ubamarketplace.com) where “Omary” is the store name; ability of entrepreneurs to auto post their products on Facebook and sell them from own business page; secure transaction using one of the highest Secure Socket Layer Encryption on the platform with a payment gateway which is Payment Card Industry Data Security Standard (PCI DSS) compliant and reliable logistics managed by DHL.

As part of its initiative of supporting African entrepreneurs, UBA Group has developed a Young Entrepreneurs Finance (YEF) Scheme which is being rolled out in phases across our 20 presence countries in Africa. The product provides existing TEF Alumni and other African Entrepreneurs above 18 years with qualifying business plans, opportunity to get up to $50,000.00 loan with 6 months deferred interest.

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