By David Mwanje
KAMPALA– United Bank for Africa (UBA) Uganda Ltd is spearheading economic and social advancement through its dynamic corporate banking services and its critical role as a Primary Dealer of Government Securities, a designation it first received from the Bank of Uganda on October 1, 2021. Led by Aamir Hussain, Head of Corporate Banking, UBA Uganda is empowering businesses, fueling infrastructure, and driving sustainable growth, cementing its position as a cornerstone of Uganda’s financial landscape.
UBA Uganda’s corporate banking division powers economic growth by providing loans, credit, and structured finance, enabling businesses to expand, innovate, and create jobs. “Corporate banking is not just about financing businesses; it’s about creating opportunities that uplift communities and build a stronger future,” Hussain stated in a recent UBA bank post on X. These efforts, aligned with Uganda’s Vision 2040, boost employment and tax revenues, strengthening the nation’s economic foundation.
The bank is a key player in financing infrastructure projects like roads, energy grids, and healthcare facilities through public-private partnerships. “Our investments in infrastructure are investments in the future, ensuring Ugandans have the tools to thrive,” Hussain emphasized on X. These initiatives enhance access to essential services and drive national development.
Small and medium enterprises (SMEs), which form over 90% of Uganda’s private sector, benefit from UBA Uganda’s tailored financial solutions, including capital, trade finance, and digital banking tools. These services empower entrepreneurs, especially women and youth, fostering inclusive growth. “Supporting SMEs strengthens communities and drives inclusive economic growth,” Hussain noted in his X post, highlighting the bank’s commitment to local development.
UBA Uganda is also a leader in sustainable finance, investing in green projects and environmental, social, and governance (ESG) bonds to help businesses meet global climate goals. The bank ensures economic resilience through risk management, hedging, and foreign exchange services, helping firms navigate market volatility. By enforcing strict compliance and ethical reporting, UBA Uganda promotes transparency and trust in the business ecosystem.
On October 1, 2021, UBA Uganda was appointed a Primary Dealer Bank by the Bank of Uganda, enabling it to facilitate the issuance and trading of Treasury Bills and Bonds in primary and secondary markets. This role, reaffirmed for the 2025/2026 Financial Year per the Bank of Uganda’s Treasury Auction Calendar released on June 27, 2025, positions UBA Uganda as a linchpin in the government’s debt management strategy. “Being named a Primary Dealer underscores our commitment to Uganda’s economic growth. It strengthens our ability to support the government’s financial objectives while providing safe, reliable investment opportunities for our clients,” Hussain added. This designation enhances market liquidity and investor confidence, supporting Uganda’s fiscal sustainability.
Through its corporate banking leadership and strategic role as a Primary Dealer, UBA Uganda is driving innovation, stability, and inclusive growth, shaping a prosperous future for Uganda.
