UBA Board Diversity Improves as Female Representation Reaches Record High

A record number of women now hold seats on the Board of United Bank for Africa (UBA) Plc, little wonder the pan-African lender is thriving.

In 2024, the Board of Directors consisted of 8 males and 7 females, resulting in a gender representation of 53 percent male and 47 percent female as of 31 December 2024, according to data from the UBA annual sustainability report, 2024.

Gender equity has been a hot topic among financial institutions across the globe as the sector is no longer dominated by men who hold power.

It is noteworthy that UBA is highly committed to corporate leadership on diversity and inclusion ensuring that it embraces gender equity.

In 2024, females’ representation at the board level hit 47 percent, surpassing the bank’s set target of 40 percent. Females in the total workforce stayed constant at 46 percent, with females in senior management positions at 29 percent.

“We continue to promote gender equity and believe it is essential to create a work environment where an employee can demonstrate their strength. We take into consideration diverse talent, including women for major positions within the group, and harness the intelligence and perspectives of our diverse workforce to drive growth and innovation,” said UBA Bank.

In 2024, UBA Group had a total of 5,024 male employees and 4,298 female employees, with males representing 54 percent of the overall workforce and females making up 46 percent.

In UBA Nigeria, the workforce constituted of 2,801 males and 2,566 females, reflecting a gender distribution of 52 percent male and 48 percent female as of 31 December 2024.

UBA’s top management consisted of 97 males (71 percent) and 40 females (29 percent).

What’s more, 45 percent of the total expenditure on capacity building was spent on UBA’s female employees in 2024.

“This emphasizes our commitment to empowering our female employees and ensuring fairness and gender inclusiveness. UBA continues to comply with its equal remuneration in keeping with the convention of the International Labour Organisation (ILO),” said UBA Group.

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