KAMPALA – Housing Finance Bank has received two prestigious national awards in recognition of its pivotal role in strengthening Uganda’s economic resilience. The Bank was honored by Bank of Uganda with the Agricultural Credit Facility (ACF) Award and the Small Business Recovery Fund (SBRF) Award.

The awards highlight the Bank’s instrumental role in expanding access to affordable finance for farmers and small businesses, sectors that are the backbone of Uganda’s economy. Through its participation in the government-led Agricultural Credit Facility initiative, Housing Finance Bank has advanced financial inclusion for small-scale farmers, empowering them to transition from subsistence farming to more sustainable, commercial agricultural practices.

The Small Business Recovery Fund Award recognizes the Bank’s 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, helping them stabilize operations, safeguard jobs, and 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 organizing this awards ceremony to recognize top-performing banks in the ACF and SBRF,” she said.

“I was happy to learn that the ACF capital has grown from UGX 330 billion to UGX 1.2 trillion, significantly expanding access to finance for agriculture.”

Angela Ndawula, Head of Business and Institutional Banking at Housing Finance Bank, said, “Receiving these awards is a testament to our 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.” The Bank remains committed to driving inclusive economic growth and strengthening priority sectors essential to Uganda’s long-term development.