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.
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.
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.
UBA which has three branches does not plan to open more branches since 80 percent of its transactions are currently on the digital platform.
To better understand the local market, the Bank’s East and Southern Africa chief executive officer Emeke Iweriebor has relocated from Nigeria to Nairobi.