Alawuba touts $30bn Chad plan at UAE forum
United Bank for Africa Group Managing Director Oliver Alawuba has outlined how financial institutions can support infrastructure development across the continent while addressing capital allocation challenges that currently limit economic transformation. Speaking at an investment forum in Abu Dhabi, Alawuba characterized the Chad Connection 2030 initiative as a comprehensive framework encompassing 268 infrastructure and industrialization projects requiring strategic financing partnerships between African banks, international investors and development institutions.
The banking executive stated that approximately 4 trillion dollars in domestic financial assets exist across the continent, though less than 15 percent flows toward productive infrastructure investments. UBA has committed more than 102 million dollars to Chad securities and energy projects including domestic gas installations and wind generation facilities. Alawuba emphasized that competitiveness emerges from foundational systems including power grids enabling industrial operations, water access supporting agricultural productivity, and digital payment platforms creating conditions for inclusive economic expansion.
