70 years of uninterrupted banking operations
Currently, UBA has 18 African subsidiaries, contributing about 20% of the Group’s balance sheet, with a target of contributing 50%. We’re on a quest to build the strongest domestic and African brand.
Kenya at a Glance
Kenya has been described as a country of “Firsts and Wonders”. Sitting on a 581,309 km2 acre of land, the country has one of the finest climates and geography; a wonderfully embroidered socio-cultural fabric; and a fast-growing economy.
Kenya’s beautiful diversity is not restricted to its flora and fauna; it is also evident in its people and their culture. Kenya’s 45 million people can be grouped into 42 ethnic communities.
Although the different communities speak different vernaculars, English together with Kiswahili comprise the country’s official languages.
Kenya’s central location in East Africa is attractive to investors from all over the world and investing in this Kenya gives one access to a market of over 135 million consumers, an abundant, well-trained labour force which is mobile, skilled and enterprising.
Kenya is the leading growth and investment hotspot in Africa. It is expected that this economic growth will continue in the medium term. The government, which aims to transform Kenya into a middle-income country, is committed to improving the investment landscape. Tech innovations and renewables are the most promising sectors, having gained momentum in Kenya in recent years.
Agriculture, real estate, tourism, and infrastructure projects are the leading areas for investment. Most forecasts show investor confidence in the country’s business climate to be strong. Kenya offers huge investment opportunities for global and regional players, and investors are likely to remain interested in the country.