UBA Invests $150 Million in Kenya’s Roads Levy Securitisation Program, Fueling Infrastructure Development and Regional Trade
Nairobi, Kenya – September 16, 2025 – United Bank for Africa Plc (UBA) has solidified its commitment too East Africa‘s economic growth with a significant $150 million (KES 20.5 billion) investment in Kenya’s Roads levy Securitisation Programme. This ample contribution to the $1.35 billion initiative, spearheaded by the Kenya Roads Board, underscores UBA’s growing role as a key financier of infrastructure development across the continent and signals a shift towards greater African-led investment in critical national projects.
This investment isn’t simply a financial transaction; it’s a strategic alignment with kenya’s ambitious infrastructure goals and a testament to UBA’s long-term vision for lasting, inclusive growth in the region. The programme aims to modernize kenya’s road network, expedite payments to contractors, and ultimately, enhance connectivity – a vital component for economic prosperity.
A Presidential Endorsement & Collaborative Partnership
The announcement follows a high-level working visit to Kenya led by UBA Group Managing Director/Chief Executive Officer, Oliver Alawuba. mr. Alawuba and his delegation engaged in productive discussions with President William Ruto and key government officials at State House, Nairobi.president Ruto lauded UBA’s consistent support for Kenya’s economy, recognizing the new commitment as a pivotal boost to the nation’s infrastructure development agenda.
“Kenya holds a strategic place in Africa’s growth story, and UBA is committed to being a long-term partner in unlocking the immense potential here,” stated Alawuba. “From financing critical infrastructure to empowering SMEs that drive job creation,our mission is to deliver sustainable solutions that connect markets,foster trade,and improve lives.”
The discussions extended beyond infrastructure, encompassing strategies to bolster financing for Small and Medium-sized enterprises (SMEs) – the backbone of the Kenyan economy - and contribute to the country’s broader economic change.
Strengthening Financial Resilience & Cross-Border Trade
UBA’s delegation, including Executive Director/CEO, UBA Africa, Sola Yomi-Ajayi, and Managing Director/CEO of UBA Kenya, Mary Mulili, also held crucial meetings with Dr.Kamau Thugge, Governor of the Central Bank of Kenya. These discussions centered on fortifying the financial sector’s resilience,promoting seamless cross-border trade through innovative payment solutions,and reinforcing UBA’s robust capital position within the Kenyan market.
This focus on financial sector stability is crucial. A strong and reliable financial system is the bedrock of any accomplished infrastructure project, ensuring efficient capital allocation and mitigating risk. UBA’s proactive engagement with the Central Bank demonstrates a commitment to responsible and sustainable financing practices.
beyond Bricks and Mortar: The Ripple Effect of Improved Infrastructure
The Roads Levy Securitisation Programme is designed to address critical logistical bottlenecks and reduce costs for businesses operating within Kenya. Improved road networks will directly benefit farmers, manufacturers, and SMEs by facilitating the efficient transportation of goods and services. This, in turn, will stimulate economic activity, create employment opportunities, and enhance overall competitiveness.
“Our participation cements UBA’s role as a trusted ally to the Kenyan government, businesses, and communities,” emphasized Mary Mulili, Managing Director of UBA Kenya. “We are paving the way for better connectivity that empowers farmers, manufacturers, and SMEs across the country.”
A Paradigm Shift in Infrastructure financing
UBA’s significant investment marks a notable trend: the increasing prominence of African banks in financing large-scale infrastructure projects traditionally dominated by international lenders. This shift reflects a growing capacity within the African financial sector to mobilize capital and drive development initiatives.
Analysts highlight that UBA’s strategy of deepening its presence across African markets through development-oriented investments is a model for sustainable and inclusive growth. by prioritizing projects that directly benefit local communities and contribute to long-term economic transformation, UBA is positioning itself as a key partner in Africa’s progress.
Regional Integration & UBA’s Pan-African Vision
The improved connectivity facilitated by the Roads Levy Securitisation Programme is expected to significantly enhance regional trade integration within the East African Community (EAC). This will unlock new opportunities for businesses and foster greater economic cooperation among member states.
UBA’s commitment to this project reinforces its overarching pan-African vision: to finance transformative projects, empower SMEs, and support sustainable growth across the continent. This investment isn’t just about building roads; it’s about building