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.