UBA to finance construction of 1,000 houses in Kakamega

Written By: Nicholas Nduati
1215

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The United Bank for Africa (UBA) is set to invest 3 billion shillings in the construction of 1,000 homes in Kakamega County with Nairobi expected to follow soon as the bank aligns itself to support the government’s big four agenda.

In a bid to enhance the country’s food security efforts, the bank is looking into partnering with county governments to support value addition initiatives.

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Being a bank that is not well known to most Kenyans despite its 10 years existence in the country, UBA is on a journey to mark its footprint in the Kenyan economy.

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The Bank whose origin is Nigeria has operations in 20 African countries and hopes to be a conduit for investors leveraging on the recently signed continental free trade area.

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UBA which has three branches does not plan to open more branches since 80 percent of its transactions are currently on the digital platform.

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To better understand the local market, the Bank’s East and Southern Africa chief executive officer Emeke Iweriebor has relocated from Nigeria to Nairobi.

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