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Across the 20 African countries in which it operates, United Bank for Africa (UBA) Plc has consistently placed the continent’s micro, small and medium enterprises (MSME’s) at the centre of business.
The bank pairs finance designed for the realities of small business with the advisory clinics, masterclasses and trade fairs that help owners formalise and expand. On World MSME Day 2026, that commitment is best captured by the entrepreneurs it has supported, toward actualising their goals, among them Aminat Odunyombo.
Asked what stood between her and the business she set out to build, Odunyombo did not hesitate. “We needed money,” she said.
The Cost of Entry
Coming from a humble background, Odunyombo found that the obstacle to building Triple A Golden Ltd was never vision or appetite for work, but the capital the work demanded. Distribution is a capital-intensive trade, and a distributorship for Nigerian Breweries sits at its most demanding end, requiring substantial premises, vehicles and working capital before any partnership can be considered.
Recalling those early days, she said, “This business really, really needs money. Before you can be a Nigeria brewery distributor, you need a big space, two vans and big money. They won’t just have you as their distributor.” Her words captured a barrier that ends many ventures before they begin, with distributors required to demonstrate capacity before they are granted the opportunity to build it.
For an entrepreneur without inherited capital or a ready guarantor, those requirements often prove decisive, and many capable founders are unable to meet them. What distinguished Odunyombo’s path was the banking partner she found in UBA, which supported her at the outset and continued to do so as the business expanded.
A Partner Comes…
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Read Full Article by Bala Augie at moneycentral.com.ng
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