UBA Injects USD 150m into Kenya Roads Levy Securitisation
The Government of Kenya, through the Kenya Roads Board (KRB), has launched the Roads Levy Securitization Program to accelerate investment in road infrastructure and ensure timely payment of contractors.
This innovative financing framework securitizes a portion of the Road Maintenance Levy Fund to raise USD 1.35 billion (Ksh175 billion) for critical road development.
Funds raised will support road maintenance, improve contractor cash flows, reduce fiscal pressure on the exchequer, and accelerate completion of critical road projects across Kenya — enhancing connectivity, competitiveness, and growth.
As part of this infrastructure project, UBA Kenya, a subsidiary of the United Bank for Africa Group, has committed USD 150 million (Ksh 16.38 billion) to the bridge facility.
This bold commitment positions UBA as one of the largest financiers in the transaction and underlines the bank’s dedication to supporting Kenya’s economic development.
UBA is leveraging its Pan-African footprint and global presence to bring expertise, and confidence into Kenya’s infrastructure sector.
The investment aligns with Kenya’s progress aligned to United Nations Sustainable Development Goals (SDG 9: Industry, Innovation, and Infrastructure).
“UBA is remains a partner for Africa’s progress. Our USD 150 million commitment to the Roads Levy Securitization Program reflects our confidence in Kenya’s future and our belief in infrastructure as a foundation for trade, competitiveness, and inclusive prosperity. This transaction is a demonstration of UBA’s ability to be a partner for infrastructure projects,” said Oliver Alawuba, Group Managing Director/CEO, UBA Group.
“UBA Kenya is proud to play a significant role in this infrastructure project. Our participation shows that we are not just a financial institution, but a trusted partner to government, businesses, and communities,” added Mary Mulili, MD/CEO, UBA Kenya.
“We are investing in Kenya’s growth story in better roads for farmers, in reliable transport for SMEs, in efficiency for manufacturers, and in prosperity for every Kenyan. Our long-term strategy is to continue positioning UBA as the go-to bank for infrastructure, trade, and inclusive finance,” Muli continued.
UBA’s role in this landmark transaction is part of a much bigger commitment to Kenya and Africa’s growth.
SMEs are the backbone of Kenya’s economy, and UBA is offering tailor-made.
By linking SMEs to regional markets through AfCFTA trade finance, UBA is enabling them to compete and grow beyond borders.
Infrastructure and SMEs are interconnected, one builds the roads, the other drives the economy on them.
“At UBA, we are financing both sides of that equation,” Mr. Alawuba emphasized.
The Government of Kenya, through the Ministry of Roads and Transport welcomes the commitment by United Bank for Africa (UBA) to the Roads Levy Securitization Program.
UBA’s participation reflects confidence in Kenya’s infrastructure agenda and a vital role of Pan-African institutions in driving development financing.
