Kenya has secured a significant US$ 150 million (Ksh 16.38 billion) financing agreement with United Bank for Africa (UBA), initiating a landmark US$ 1.35 billion (KSh 175bn) program to resolve outstanding road construction bills and reactivate stalled projects through an innovative securitization model.

• The program aims to clear KSh 175 billion in pending bills that have frozen over 580 road projects across Kenya.
• UBA Kenya, a subsidiary of Lagos-based UBA Group, is a major financier in this deal, which will channel a portion of Kenya's Road Maintenance Levy into a special purpose vehicle.
• Under the plan, Sh7 from the existing Sh25 per litre fuel levy will be assigned to a special purpose vehicle to raise immediate cash for contractors.