UBA Bank commits Sh19.3billion to Kenya roads infrastructure finance push
The Pan-African lender UBA Group has committed Sh19.3billion ($150 million) to Kenya’s roads sector, marking a major vote of confidence in the country’s infrastructure drive and resilient economic outlook.
Following talks in Nairobi between Group Chief Executive Officer (CEO) Oliver Alawuba, President William Ruto, and Transport Cabinet Secretary Davis Chirchir, the bank signalled its firm interest in the upcoming Kenya Roads Board bond.
Alawuba cited Kenya’s five per cent growth rate, easing inflation, and stabilising lending rates as attractive conditions for private capital.
The investment will be channelled through a public-private partnership model secured by collections from the fuel levy, a structure the CEO described as both “creative and protective” for investors seeking competitive, long-term returns on the continent.
The infrastructure deal is a cornerstone of UBA’s broader strategy to finance African-led solutions and boost economic self-reliance.
The bank is also exploring opportunities in airports and regional transport corridors while preparing to launch a local SME fund under a $6 billion continent-wide AfCFTA facility to support small businesses and women entrepreneurs.
This dual focus on national infrastructure and grassroots growth is further supported by UBA’s drive to power intra-African trade via the PAPSS payment system and a plan to fully recapitalise UBA Kenya.
The local subsidiary is set for an expansion drive targeting up to 15 new branches over the next three years, highlighting the lender’s deepening commitment to the Kenyan market.
