Kenya and the multinational bank UBA, which is chaired by Nigerian businessman Tony Elumelu, committed to collaborate in funding infrastructure projects in the country. The agreement came soon after UBA disbursed $150 million (Sh28.8 billion) for Kenya’s Sh129 billion roads bond.
Mr Elumelu shared with the Business Daily his thoughts on how banks and capital markets can meet the challenge of financing Africa’s businesses and infrastructure projects.
