United Bank for Africa (UBA) Plc has reaffirmed its commitment to Kenya's infrastructure and economic transformation by supporting the government's Roads Levy Securitisation Programme. The initiative, led by the Kenya Roads Board, seeks to modernise key road networks, speed up contractor payments, and improve national connectivity.
During a visit to Nairobi, UBA Group CEO, Oliver Alawuba, met with President William Ruto and senior officials, stressing the bank's role in financing projects that not only strengthen infrastructure but also create opportunities for small and medium-sized enterprises (SMEs).
"From financing roads to empowering SMEs that drive job creation, our mission is to deliver sustainable solutions that connect markets, foster trade, and improve lives," Alawuba said.
Kenyan leaders welcomed the partnership, noting that better infrastructure boosts competitiveness, lowers logistics costs, and opens up new markets for farmers, manufacturers, and service providers—many of whom are SMEs.
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UBA executives also met with the Central Bank of Kenya and other key stakeholders to discuss strengthening the financial system, promoting cross-border trade, and ensuring SMEs can access tailored financing solutions.
According to UBA Kenya's CEO, Mary Mulili, the bank's participation "cements UBA's role as a trusted ally to government, businesses, and communities, paving the way for better connectivity that empowers SMEs across the country."
With SMEs employing more than 80% of Kenyans, UBA said its strategy is to link infrastructure financing with targeted support for entrepreneurs, helping them plug into value chains created by large-scale projects and the wider opportunities enabled by the African Continental Free Trade Area (AfCFTA).
