Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank proudly hosted the 2d model of its Industry Hospital sequence for the yr, constructing on the momentum of the inaugural session that thinking empowering ladies in alternate.
This newest session broadened its scope to incorporate micro and medium enterprises (SMEs), with a deliberate focal level on high-impact sectors equivalent to renewable energy, realistic housing, agribusiness, and expertise-enabled enterprises—areas that align carefully with the bank’s strategic dedication to inclusive national trend.
Held at the bank’s head enviornment of job in Kololo on June 19, the alternate sanatorium brought together a diverse community of participants and went past principle—offering good, actionable insights on navigating safe entry to to finance, alternate management, tackling operational challenges, and constructing sustainable alternate gadgets.
Michael Mugabi, the managing director of Housing Finance Bank, emphasised that the Industry Hospital is extra than a info-sharing platform.
“It’s a ways a strategic initiative to directly handle the unheard of challenges SMEs face and free up the opportunities that can rework them into engines of innovation, employment, and inclusive instruct. After we empower SMEs,” he acknowledged, “We are now not handiest investing in particular person success reviews; we are accelerating Uganda’s transformation.”
Mugabi additionally commissioned a strategic partnership with the Uganda Inexperienced Challenge Finance Accelerator (UGEFA), supported by the European Union, a partnership that goes past funding representing the Bank’s dedication to fueling Uganda’s green future.
The partnership unveiled tailored monetary alternate solutions for micro and cramped companies, including flexible SME loans and innovative Inexperienced Financing. With innovative alternate solutions relish the Partial Compensation Blueprint which covers as much as 33% of the loan predominant as a grant, the Bank is driving safe entry to to realistic, sustainable finance supporting Uganda’s Imaginative and prescient 2040 and the Sustainable Improvement Dreams on local climate motion, decent work, innovation and partnerships.
In the divulge of realistic housing, the Bank highlighted its collaboration with companies equivalent to Straightforward Housing, which may perhaps be thinking developing low-worth, sustainable properties using eco-friendly offers and swiftly-constructing applied sciences. Through such partnerships, Housing Finance Bank affords bespoke housing trend financing, enabling builders to raise realistic housing at scale—whereas meeting environmental sustainability standards.
Through initiatives relish the Industry Hospital, Housing Finance Bank continues to equip enterprises with the tools they like to thrive, reflecting the Bank’s dedication to strolling the scoot with Uganda’s alternate community. When SMEs be triumphant, the total nation advantages.
