UBA Kenya unveils new initiative to support youth and women-led SMEs with credit, mentorship, and access to regional markets.
As it marks 15 years in Kenya, the United Bank for Africa (UBA) has launched a new initiative to support youth and women-led businesses. Announced on October 21, the plan highlights UBA’s focus on inclusive growth, adding to its ongoing support for major infrastructure projects.
Speaking on the new strategy, UBA Kenya CEO Mary Mulili said the bank is committed to financial inclusion.
“Youth and women entrepreneurs are the heartbeat of Kenya’s economy,” she said.
“We want to close the financing gap that holds them back. We’re offering not just money, but also advice and access to networks to help their businesses grow.”
The new initiative includes:
- Special SME loans for young people and women
- Business mentorship and advisory services
- Financial literacy training
- Networking events to connect entrepreneurs
These tools aim to build confidence, boost skills, and improve access to credit—especially in rural areas.
With a network in 20 African countries, UBA can help Kenyan businesses expand regionally.
“Our African presence gives Kenyan SMEs the chance to grow beyond borders,” said Mulili. “We help them reach new markets and partners across the continent.”
Kenya’s economic challenges include:
- 39% youth unemployment
- Only 36% of businesses are women-led
UBA’s new initiative directly supports the government’s efforts to create jobs, promote innovation, and boost women’s participation in business.
Alongside SME support, UBA continues to fund large infrastructure developments in:
- Renewable energy
- Transport
- Healthcare
“By investing in both SMEs and infrastructure, we’re building a stronger, more balanced economy,” said Mulili.
UBA’s combined focus on entrepreneurs and infrastructure aligns with Kenya’s Vision 2030 and long-term development plans.
The bank aims to unlock opportunities, reduce inequality, and help the next generation of business leaders thrive.
Keywords:
UBA Kenya • Youth Entrepreneurship • Women-Owned Businesses • Financial Inclusion • SME Support • Cross-Border Trade • Inclusive Banking
