KCB Bank Uganda has reinforced its commitment to strengthening local enterprise in the country’s Oil & Gas industry as the Official Sponsor of the Uganda National Association of Building and Civil Engineering Contractors (UNABSEC) CEO Forum.
The forum, held at Hotel Africana, convened industry leaders, policymakers, regulators, and contractors to explore ways for Ugandan firms to enhance their competitiveness and capitalize on opportunities in a sector projected to attract over USD 15 billion in investment.
Discussions at the high-level event focused on improving technical capacity, adherence to international standards, and expanding access to structured and sustainable financing for local contractors.
As Official Sponsor, KCB Bank Uganda highlighted the critical role of tailored financial solutions in enabling businesses to scale and execute complex projects. The Bank offers specialized services including contract financing, trade finance, guarantees, and structured funding designed for capital-intensive ventures.
Speaking at the forum, Hirya Fred Saul, Manager of Trade Finance – Corporate and Retail Banking at KCB Bank Uganda, said:
“KCB Bank Uganda is proud to support transformative projects within Uganda’s Oil & Gas sector, including initiatives linked to the East African Crude Oil Pipeline. Our focus is on equipping local contractors with the financial solutions they need to grow and meet global standards, enabling them to deliver complex projects with confidence.”
UNABSEC President Kiara Binta Nkuranga lauded KCB Bank Uganda for its ongoing support, emphasizing that access to appropriate financing is vital for local firms to compete effectively in the Oil & Gas value chain.
The forum concluded with a call for stronger collaboration between government, industry, and financial institutions to build resilient local enterprises capable of executing large-scale national projects.
KCB Bank Uganda reaffirmed its commitment to partnering with businesses, boosting local capacity, and contributing to sustainable economic growth as the country’s Oil & Gas sector continues to expand.