Boost for Kenya, UK trade as UBA bank opens in London

Kenyan exporters to the United Kingdom will benefit from reduced trade barriers following the launch of United Bank of Africa-UK.

UBA, now the only Sub-Saharan African bank to conduct banking activities in London and 20 other African countries including Kenya, officially unveiled its London subsidiary following regulatory approval from Prudential Regulation Authority, an agency of the Bank of England, to offer wholesale banking activities in the UK.