With Over 500 small and medium-sized enterprises (SMEs) gathering recently at Hotel Africana for the launch of the second edition of the Tupange Business Forum.
Many Busineses have embraced the Equity Bank Uganda initiative aimed at providing SMEs with access to financing, mentorship, training, market opportunities, and business advisory services.
Themed “Financing Integrated Value Chains and Some Growth,” this year’s activities begin in Kampala and are scheduled to extend to districts including Mbale, Arua, Hoima, and Fort Portal.
Equity Bank Executive Director Claver Serumaga explains that businesses can manage finances through agents, points of sale, or the upcoming Pay with Equity platform, making daily cash flow and transactions more seamless.
He adds that the bank has invested in technology, including a modern internet banking platform that allows SMEs to integrate their ERP systems, make bulk payments, and access real-time supplier financing. “Through innovations such as real-time payments, bulk salary processing, and unsecured supplier financing of up to UGX 1.5 billion, we continue to invest in solutions that enable sustainable business growth,” Serumaga said.
In a thrilling message,Pastor Robert Kayanja who officiated the event has described Equity Bank as a partner in his Karamoja initiatives addressing hunger and supporting agricultural projects. He said the bank provided financing for tractors and other projects, emphasizing the importance of partnerships in enabling business and social enterprise growth.
Olivia Mugaba, Head of SME at Equity Bank Uganda, highlighted the significance of SMEs to the economy. “SMEs run the world , they are the heartbeat of our economy, creating seven out of every ten jobs globally. At Equity Bank Uganda, we recognise their power and potential, which is why our focus is on financing integrated value chains, helping entrepreneurs manage cash flow, optimise operations, and unlock growth from the top anchor to the last mile. When we empower SMEs, we empower the nation.”
She added: “We view every SME as part of a broader value chain that drives economic growth. By supporting your entire ecosystem and remaining fully accountable to our clients, we ensure that as your business expands, Equity Bank grows alongside you.”
