One of Uganda’s leading players in the banking sector, Housing Finance Bank has reaffirmed its commitment to supporting Uganda’s economic transformation through financial inclusion and strategic investment in local enterprise. This was during its participation in the recently concluded Buy Uganda Build Uganda (BUBU) Expo held at Kololo Independence Grounds.
Mr. Richard Bob Sema, Manager for Incremental Housing Loans who represented the bank took part in a powerful panel discussion on the role of the financial sector in driving Uganda’s development. He emphasized a fundamental truth: “You cannot build what you do not finance.” Sema highlighted the bank’s role in empowering Ugandans to turn their dreams into tangible investments. This is through offering affordable, customized loan solutions as well as creating partnerships that reduce lending risks for local businesses. “If a Ugandan entrepreneur can dream it, we should be able to finance it,” he added.
Additionally, he noted that the BUBU policy is not just a government initiative—it is rather a bold call to action that demands trust in local enterprise and belief in Uganda’s own potential. Apparently, Housing Finance Bank is actively responding by providing innovative financial services to key sectors including manufacturing, agriculture, small businesses, and the informal economy.
In line with its commitment to financial inclusion, the bank is using digital tools to reach underserved communities. Some of these include mobile-based credit, savings, and insurance products tailored for farmers, women, and youth. The bank is also supporting government initiatives like the Parish Development Model, helping build strong financial ecosystems at the grassroots level.
The message from Housing Finance Bank was clear: empowering Ugandans financially not only uplifts individuals and families, but also stimulates demand for local products and services—breathing life into the BUBU agenda.
The bank also called on public and private stakeholders to work together in:
* Strengthening policies that support local lending
* Co-financing projects in agro-processing and manufacturing
* Blending concessional and commercial capital to reduce borrowing risks
“Buy Uganda, Build Uganda” is more than a slogan—it’s a shared responsibility. And for Housing Finance Bank, financing what matters for Uganda remains at the heart of that mission.
