Dfcu Bank Calls for Stronger Partnerships to Finance Uganda’s Energy Future

DFCU Bank has called for stronger collaboration among financial institutions, developers, manufacturers, and other stakeholders to unlock the financing needed to accelerate Uganda’s transition to sustainable energy.

The call was made during the 2nd Annual Energy Convention, where the bank participated in the Energy Finance Forum. This session focused on blended finance instruments, the launch of a green bond framework, carbon credit monetisation, and the capacity of domestic banks to assess energy projects.

Speaking at the forum, Moses Malinga, Sector Head for Infrastructure and Energy at dfcu Bank, emphasised that successful energy projects depend on strong partnerships.

“Viable projects are built through strong partnerships, collaboration and open conversations. Partnerships across the sector can unlock capital, bankable projects and accelerate Uganda’s energy ambitions,” Malinga said.

He noted that access to funding remains one of the biggest challenges facing commercial banks in financing energy projects. However, he said dfcu has addressed this through strategic partnerships with Development Finance Institutions (DFIs) and portfolio guarantee structures that strengthen the bank’s ability to finance viable projects.

Malinga added that partnerships and syndications will continue to play a critical role in mobilising the capital required to support Uganda’s growing energy sector.

The forum brought together government officials, financial institutions, investors, and energy industry stakeholders to discuss practical solutions for increasing investment in clean and sustainable energy projects across Uganda.