UGEFA, Equity bank renew drive to boost green finance in Uganda

The Uganda Green Enterprise Finance Accelerator (UGEFA) and Equity Bank Uganda have reaffirmed their partnership to scale up green financing, officially launching the second phase of their joint programme aimed at supporting Uganda’s transition to a sustainable, low-carbon economy.

The initiative seeks to empower innovative enterprises generating positive environmental and social impact by providing tailored financing and expert business development support.

Target sectors include clean energy, sustainable tourism, green manufacturing, waste management, and green mobility. The programme is backed by the European Union (EU) and implemented by adelphi global gGmbH.

Speaking at the launch, Catherine Psomgen, director of public sector and social Investment at Equity Bank Uganda, said the partnership reflects the bank’s commitment to green growth.

“This collaboration underscores our commitment to empowering green enterprises that contribute to economic growth while addressing environmental challenges,” she noted, pledging continued delivery of innovative financial solutions that drive sustainable development and long-term value.

Cristina Bănuţă, representing the EU Delegation to Uganda, applauded the partnership’s achievements in expanding access to green finance.

“The European Union is pleased to support the ongoing partnership between UGEFA and Equity Bank. Their achievements in expanding access to green finance set a powerful example of how financial institutions can drive inclusive, sustainable growth,” she said.

UGEFA Project Lead Christine Meyer used the occasion to invite more entrepreneurs to apply, urging them to join the effort to build a sustainable and resilient future.