Equity Bank Uganda has reaffirmed its commitment to promoting a greener and more sustainable economy after revealing that it has disbursed UGX 37.6 billion in green loans to support climate finance initiatives in the country.The bank shared the progress while reflecting on its participation as a sponsor and partner of the 3rd CEOs’ Breakfast Meeting and High-Level Dialogue on Green Economy, Sustainability and Sustainable Development Goals (SDGs), held at the UNICEF Conference Centre in Mbuya, Kampala.
The meeting was held under the theme, “Accelerating Uganda’s Green Economy Transition Through Digital Transformation,” bringing together leaders from government, the private sector and development partners to discuss practical ways of promoting sustainable economic growth and strengthening the country’s ability to respond to climate change.The discussions focused on the importance of working together to develop solutions that support environmental protection while creating opportunities for businesses and communities. Participants also explored how digital transformation can help accelerate Uganda’s transition towards a green economy.
Speaking at the meeting, Equity Bank Uganda Managing Director Gift Shoko highlighted the importance of sustainable financing in supporting the country’s green transition. He explained the bank’s progress in financing climate-related initiatives and supporting access to clean-energy solutions.According to the bank, it has disbursed UGX 37.6 billion in green loans for climate finance, demonstrating its contribution to financing activities aimed at supporting environmental sustainability. Such financing can help businesses and other eligible borrowers access funds for investments that contribute to a more sustainable economy.Equity Bank Uganda also revealed that it has supported the sale of 157,035 clean-energy products, highlighting its efforts to expand access to energy solutions that can help reduce dependence on less sustainable energy sources.In addition, the bank has provided UGX 4.75 billion in green finance funds through a partnership with the Uganda Energy Credit Capitalisation Company (UECCC). The partnership reflects the importance of collaboration between financial institutions and specialised energy financing organisations in expanding access to funding for clean-energy initiatives.The bank’s participation in the high-level dialogue demonstrates its interest in supporting Uganda’s efforts to achieve sustainable development while promoting innovation and responsible financing.
By bringing together financial institutions, government agencies, businesses and development partners, such engagements provide an opportunity to identify practical solutions to environmental and economic challenges.Equity Bank Uganda noted that partnerships, innovation and sustainable financing remain important in building a greener and more resilient future for the country. The bank believes that combining financial support with new technologies and cooperation among different sectors can help turn sustainability discussions into practical action.
As Uganda continues to pursue economic growth and climate resilience, financing for clean energy and other environmentally sustainable activities is expected to remain an important part of the country’s development efforts.The bank’s message from the meeting was that achieving lasting progress towards a green economy requires more than discussions alone. It calls for strong partnerships, investment and practical action that can deliver meaningful benefits to businesses, communities and the wider economy.
