UBA commits Sh19bn to Kenya’s Road Securitisation Programme
NAIROBI, Kenya, Nov 12 - The United Bank for Africa (UBA) Group has committed Sh19 billion ($150 million) to Kenya’s Road Infrastructure Securitisation Kenya breaking news | Kenya news today |..
✨ Key Highlights
United Bank for Africa (UBA) Group has committed Sh19 billion ($150 million) to Kenya’s Road Infrastructure Securitisation Programme, a move lauded by President William Ruto as a vote of confidence in Kenya's growth agenda.
- The commitment totals Sh19 billion ($150 million), making up a significant portion of Kenya's $1 billion road securitisation program.
- The agreement was made between President William Ruto and UBA Group Chairman Tony O. Elumelu.
- UBA Group, operating in 20 African countries, aims to expand investments in Kenya’s energy, real estate, hospitality, and banking sectors, in addition to supporting transformative national projects like railway modernization and airport expansion.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
State to Earn Sh607M from Kakamega Gold & Receive Sh19B for Roads Amid Agency Scrutiny - November 2025
The Kenyan government is poised to earn Sh607.2 million in royalties and an additional Sh193.8 million in Mineral Development Levy after UK-based Shanta Gold discovered gold deposits valued at an estimated Sh680 billion in Kakamega County. In a separate financial development, the United Bank for Africa (UBA) Group has committed Sh19 billion ($150 million) to Kenya’s Road Infrastructure Securitisation Programme. These financial inflows occur as a Public Service Commission (PSC) report revealed over two-thirds of Kenyan government entities failed to submit mandatory self-assessment reports on performance and governance. Relatedly, Senators are questioning the State's plan to commercialise the National Youth Service. Meanwhile, the National Environment Management Authority (NEMA) has canceled a public participation hearing for the proposed Isulu–Bushiangala Gold Mining Project in Kakamega County.
