Housing Finance Bank has been honoured with Agricultural Credit Facility (ACF) Award and the Small Business Recovery Fund (SBRF) Award courtesy of Bank of Uganda in recognition of its pivotal role in strengthening Uganda’s economic resilience.
Housing Finance Bank received the Agricultural Credit Facility (ACF) Award in recognition of its strong participation in the government-led initiative aimed at enhancing agricultural productivity in Uganda.
Through this collaboration, the Bank has played a pivotal role in advancing financial inclusion for small-scale farmers who constitute 80% of the country’s agricultural sector empowering them to transition from subsistence farming to more sustainable, commercial agricultural practices.
At the same time, Housing Finance Bank was also awarded the Small Business Recovery Fund (SBRF) Award, recognizing its steadfast commitment to revitalizing Uganda’s small business sector.
According to the latest performance report on the Fund, Micro, Small, and Medium Enterprises (MSMEs) account for 93% of the total beneficiaries. The Bank has played a crucial role in extending essential financial support to these enterprises, many of which were adversely affected by recent economic disruptions helping them stabilize operations, safeguard jobs, and actively contribute to the country’s economic recovery.
Hon. Evelyn Anite, Minister of State Privatization and Investment applauded the achievements of participating banks and the efforts of the Bank of Uganda in spearheading these initiatives.
“Thank you very much, Bank of Uganda, for recognizing top-performing banks in the ACF and SBRF. I was happy to learn that the ACF capital has grown from shs 330 billion to shsX 1.2 trillion, significantly expanding access to finance for agriculture,” she said.
Angela Ndawula, Head of Business and Institutional Banking at Housing Finance Bank said receiving these awards is a testament to unwavering commitment to supporting Uganda’s key economic drivers; agriculture and small businesses.
“Over the years, HFB has supported over 1,700 MSMEs and contributed to the creation of more than 250,000 jobs. We are proud to be part of initiatives that not only provide access to affordable financing but also empower entrepreneurs and farmers to scale their operations, create jobs, and build resilient communities,”she said.
Ndawula further said the double recognition reaffirms Housing Finance Bank’s commitment to driving inclusive economic growth and strengthening priority sectors essential to Uganda’s long-term development. The Bank remains a trusted partner in national progress, delivering financial solutions that empower individuals, businesses, and communities across the country.
Housing Finance Bank was incorporated as a private limited company in 1967 as Housing Finance Company Uganda Limited, carrying out business as a non-banking credit institution providing mortgage finance and also accepting savings deposits from the public.