Under the visionary leadership of Muliisa Grace as Managing Director, Ecobank Uganda has achieved a historic milestone by arranging a €230 million (approximately Shs950 billion) syndicated loan to fuel Uganda’s economic transformation.
This groundbreaking transaction, which was recently approved by the Parliament, stands as one of Uganda’s largest sovereign financings in recent years and is set to accelerate the country’s infrastructure and development agenda.
The landmark deal, structured in partnership with the Development Bank of Southern Africa (DBSA) and FirstRand Bank (RMB), underscores a new chapter for both the bank and the nation.
Transformative Impact on Key Sectors
The funds from this syndicated loan will be channelled into impactful projects across several vital sectors.
This includes expanding access to quality services in healthcare, education, power, road construction, and industrialisation.
The capital injection is expected to drive significant improvements, providing citizens with access to essential services like reliable energy, modern transportation, and improved healthcare facilities.
Like Muliisa has always reiterated, “Ecobank Uganda drives the nation’s economy by focusing on sustainable, inclusive, and digitally-enabled growth, particularly through targeted financing and support for women-led businesses, and by financing critical infrastructure projects in sectors like energy, health, and transport.”
This achievement is a powerful testament to Ecobank Uganda’s evolution into a trusted financial partner capable of leading large-scale, purpose-driven transactions.
It reflects the success of the bank’s turnaround strategy, which has bolstered its credibility and commitment to fostering economic growth and community empowerment.
Setting a New Benchmark for African Financing
By collaborating with international financial powerhouses like DBSA and RMB, Ecobank Uganda has demonstrated how multi-institutional cooperation can mitigate risk and maximise societal impact.
This approach sets a new benchmark for purpose-driven financing in Africa, proving that strategic partnerships are essential for unlocking the large-scale capital required for national development.
Guided by Muliisa’s strategic vision, Ecobank Uganda is redefining its role in Uganda’s banking landscape. The bank is proving that a customer-centric, high-performing institution can deliver solutions that matter not just for corporates and SMEs, but also for the government and communities at large, driving tangible progress and sustainable growth.