Housing Finance Bank proudly hosted the second edition of its Business Clinic series for the year, building on the momentum of the inaugural session that focused on empowering women in business. This latest session broadened its scope to include Micro and Medium Enterprises (SMEs), with a deliberate focus on high-impact sectors such as renewable energy, affordable housing, agribusiness, and technology-enabled enterprises—areas that align closely with the Bank’s strategic commitment to inclusive national development. Held at the Bank’s Head Office in Kololo, the Business Clinic brought together a diverse group of participants and went beyond theory—offering practical, actionable insights on navigating…
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The banking sector has posted resilient growth over the past five years, despite macroeconomic pressures, digital disruption, and the COVID-19 pandemic as well as regulatory reforms. From 2019 to 2024,…
Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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Housing and sustainable urbanisation formed a crucial part of our National Development Plan. How is the Housing Finance Bank supporting this initiative? Housing Finance Bank has been a leader in mortgage provision for 57 years, consistently strengthening our position in this space. We recognise that housing is a crucial element of the National Development Plan and aims to contribute immensely to a higher household income and employment for sustainable socio-economic transformation. We have contributed over UGX60bn in dividends and UGX51bn in taxes, financed over 7,500 homes, financed over 8,400 women-led businesses, launched a Microfinance unit to increase financial inclusion, partnered…
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Members of the Uganda Bankers’ Association (UBA) held their annual general meeting on the 17th May 2024 and elected Mr. Julius Kakeeto, as the Association’s new Chairman. He replaces Ms. Sarah Arapta whose two-year term of office (2021 & 2023) has elapsed. Mr. Kakeeto is the Chief Executive Officer of Post Bank Uganda and has been serving as the Vice Chairperson for two years (2021 & 2023) Other members elected on the Executive Committee of UBA are Michael Mugabi, the CEO of Housing Finance Bank as the Vice Chairman; Edgar Byamah, the CEO of KCB Bank, as the Treasurer and…
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Housing Finance Bank in 2023 became the fastest-growing bank by customer deposits, beating off all its rivals in the top 10 banks segment, including all 6 Domestic Systemically Important Banks (DSIBs), which control about 65% of the industry. According to results announced today, Housing Finance Bank reported that customer deposits grew by 44%, from UGX1.119 trillion to UGX1.611 trillion in 2023, a growth of UGX492.5 billion. According to industry results that we have seen, the other two banks that grew their deposits in 2023 nearly as much were Absa Bank Uganda (UGX400.3 billion) and DTB Uganda (UGX331.1 billion). Leveraging the…
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In just four months after its launch, PostBank Uganda’s digital wallet, Wendi has hit a record UGX200 billion in payments to over 200,000 Parish Development Model (PDM) beneficiaries countrywide. According to statistics released by the company, this record has been facilitated by Wendi’s robust network of PostBank payment platforms as well as those of its bank partners and mobile money companies. “Since its launch in November 2023, Wendi has onboarded more than 430,000 subscribers and over 2,000 agents countrywide. These agents are complemented by the numerous touchpoints of our partners; MTN Uganda and Airtel Uganda, who have over 250,000 agents…
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Housing Finance Bank has joined PostBank and Pride Microfinance Limited to unveil a partnership with Airtel Money Uganda that will facilitate seamless disbursement of Parish Development Model (PDM) funds by the Government of Uganda through the Wendi mobile wallet platform.This partnership guarantees convenient access to funds for intended beneficiaries across Uganda through Airtel Money’s extensive agency network at minimal to no cost. With 53% of the population embracing mobile money services while only 10% have access to traditional banking, this collaboration resolves the need for heightened financial inclusion. It holds the potential to bridge critical gaps and amplify the Government…
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Housing Finance Bank this week held an Iftar dinner at Hotel Africana in celebration of its Muslim staff and customers. At the dinner, Michael Mugabi, the bank’s Managing Director expressed gratitude towards the Muslim community for their continued trust and loyalty to the Bank. “We are honoured that you have chosen Housing Finance Bank as your preferred financial partner. We appreciate you and are committed to offering solutions that facilitate business growth for Muslims and the business community in the country. We are also exploring Islamic Banking among other tailored solutions,” he said. The dinner is a continuing tradition…
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Housing Finance Bank Uganda (HFB) has officially launched their account opening service available on their Mobile Banking App, in a campaign dubbed “Bwepwa”. The HFB Mobile Banking App is a self-service platform which enables customers to send and receive money, track bank account activity, pay bills, load airtime and now, open a Housing Finance Bank account instantly without visiting the branch. This offers the customer a faster, more convenient way to start banking with Housing Finance Bank, hence the name “Bwepwa”. The app can be downloaded from the app store on any smartphone and is available for both new and…
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