NCBA Bank Uganda has launched a new business banking package offering financing, digital services and enterprise development support to small and medium-sized enterprises.
The proposition, branded “Ku NCBA Kiggwa Ku Bwerere,” targets entrepreneurs seeking capital, stronger cash flow management and practical support to expand their businesses.
NCBA unveiled the initiative in Kampala as part of its efforts to strengthen Uganda’s SME sector and support wider economic growth.
NCBA targets financing challenges facing SMEs
NCBA Bank Uganda Chief Executive Officer Mark Muyobo said small and medium-sized enterprises play a major role in Uganda’s economy but still face several obstacles.
These include limited access to affordable financing, cash flow pressures and the need to adopt digital tools.
“Small and medium-sized enterprises account for over 70 per cent of Uganda’s private sector activity, yet many continue to face challenges including limited access to finance, cash flow constraints, and the need for digital transformation,” Muyobo said.
“Through our new Business Banking proposition, we are providing businesses with the financial solutions, expertise and partnerships they need to grow with confidence,” he added.
Under the new package, businesses can access unsecured invoice discounting of up to Shs500 million.
NCBA will also provide unsecured Local Purchase Order financing of up to Shs180 million and unsecured business loans of up to Shs200 million.
The bank has included education financing of up to Shs500 million and asset financing covering as much as 90 per cent of an invoice value.
Bank promises faster credit decisions
NCBA said customers who join the programme will pay no transaction fees or loan arrangement charges during the first six months.
The bank also committed to communicating credit decisions within 48 hours.
The offer is intended to reduce delays and upfront costs that often affect businesses seeking working capital or financing for new contracts.
SME customers to receive business training
Beyond lending, NCBA has partnered with MAT Abacus to offer customers a complimentary Enterprise Development Programme.
The programme will train entrepreneurs in financial management, corporate governance, tax compliance and business planning.
Participants will also receive guidance on succession planning and sustainable business growth.
NCBA said the training component would help business owners improve their operations and make better long-term decisions.
Digital platforms support remote banking
The bank also showcased NCBA Now and NCBA ConnectPlus, its digital platforms for business customers.
Through the platforms, entrepreneurs can manage accounts, make payments, monitor cash flow and approve transactions remotely.
The digital services are designed to give business owners greater control over their finances without requiring frequent branch visits.
KACITA welcomes NCBA initiative
Kampala City Traders Association Chief Executive Officer Abel Mwesigye welcomed the business banking package.
He said stronger cooperation between financial institutions and the business community is essential for Uganda’s private sector.
“The growth of Uganda’s private sector depends on strong partnerships and financial institutions that understand the realities of doing business. NCBA’s Business Banking proposition is a timely intervention that combines accessible financing, digital innovation and business development support to help SMEs scale sustainably,” Mwesigye said.
NCBA Bank said the initiative forms part of its wider efforts to support Uganda’s entrepreneurial ecosystem.
The bank expects the package to help businesses expand, create jobs and contribute to community development.
NCBA, which operates under NCBA Group, also said it would continue supporting Ugandan enterprises involved in cross-border trade and regional expansion within East Africa.