UBA commits Sh20.5bn to Kenya’s Roads Levy Fund
NAIROBI, Kenya, Sept 11 – United Bank for Africa (UBA) has committed $150 million (Sh20.5 billion) to Kenya’s Roads Levy Securitisation Programme, Kenya breaking news | Kenya news today |..
✨ Key Highlights
United Bank for Africa (UBA) has committed $150 million (Sh20.5 billion) to Kenya’s Roads Levy Securitisation Programme, providing a significant boost to the Sh175 billion infrastructure plan that aims to revive over 580 stalled road projects.
- The Kenya Roads Board (KRB) is spearheading this programme, which securitises part of the Road Maintenance Levy Fund (RMLF) to attract private capital without increasing national debt.
- UBA Group Managing Director and CEO Oliver Alawuba stated that the bank’s commitment reflects confidence in Kenya’s economy and the importance of collaborative infrastructure financing.
- The securitisation model is designed to use existing collections more smartly, channeling Sh7 of every Sh25 collected per litre of fuel into a Special Purpose Vehicle (SPV) to fund projects upfront.
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Kenya Announces Public Finance, Debt, and Revenue Measures - September 2025
United Bank for Africa (UBA) has committed $150 million (Sh20.5 billion) to Kenya’s Roads Levy Securitisation Programme, boosting a Sh175 billion plan to revive over 580 stalled road projects. Separately, Kenya plans to raise KSh 901 billion in new debt for the upcoming fiscal year, with 72% of it to be sourced from the domestic market. This strategy aligns with the 2025 Medium-Term Debt Management Strategy to reduce refinancing and exchange rate risks. Additionally, Tourism Cabinet Secretary Rebecca Miano defended a proposed increase in national park entry fees. The Kenya Wildlife Service (KWS) aims to use these revisions, the first in nearly two decades, to close a Sh12 billion annual funding deficit and cover rising maintenance costs.
