Housing Finance Bank (HFB) has earned double national recognition for its critical role in Uganda’s economic recovery and resilience efforts, clinching two prestigious awards from the Bank of Uganda for its performance in supporting agriculture and small businesses.
The Bank was presented with the Agricultural Credit Facility (ACF) Award and the Small Business Recovery Fund (SBRF) Award during a high-level ceremony held at Sheraton Hotel in Kampala last week. The event marked the second ACF award ceremony and the inaugural SBRF recognition, celebrating institutions that have demonstrated excellence in expanding access to affordable finance.
The awards spotlight HFB’s outstanding performance in deploying targeted credit facilities that support Uganda’s most vital sectors — agriculture and micro, small, and medium enterprises (MSMEs).
Under the Agricultural Credit Facility, Housing Finance Bank has played a pivotal role in supporting smallholder farmers to transition from subsistence to sustainable commercial agriculture. Small-scale farmers, who make up over 80% of Uganda’s agricultural sector, have benefited from HFB’s commitment to inclusive lending practices aligned with the national strategy to boost productivity and food security.
Simultaneously, the Small Business Recovery Fund Award was granted to HFB in recognition of its leadership in revitalizing Uganda’s MSMEs, which have been disproportionately affected by recent economic disruptions.
According to the latest report, MSMEs constitute 93% of all beneficiaries under the fund — a sector the bank continues to support through accessible, affordable credit to stabilize operations, protect jobs, and spark long-term recovery.
Evelyn Anite, Minister of State for Privatization and Investment, who officiated the awards, lauded the contribution of commercial banks in driving economic recovery.
“Thank you very much, Bank of Uganda, for organizing this awards ceremony to recognize top-performing banks in the ACF and SBRF. I was happy to learn that the ACF capital has grown from UGX 330 billion to UGX 1.2 trillion, significantly expanding access to finance for agriculture,” she said.
Her remarks underscored the crucial role that financial institutions like Housing Finance Bank play in supporting Uganda’s development priorities.
Angela Ndawula, Head of Business and Institutional Banking at HFB, welcomed the awards as a milestone in the Bank’s journey of empowering communities.
“Receiving these awards is a testament to our unwavering commitment to supporting Uganda’s key economic drivers — agriculture and small businesses,” she said.
“Over the years, HFB has supported over 1,700 MSMEs and contributed to the creation of more than 250,000 jobs. We are proud to be part of initiatives that not only provide affordable financing but also empower entrepreneurs and farmers to scale their operations and build resilient communities.”
The double recognition reaffirms Housing Finance Bank’s role as a committed development partner, offering financial solutions that respond to Uganda’s evolving needs. With a continued focus on inclusive finance, the Bank remains a reliable force in driving economic growth and strengthening sectors key to national transformation.
For more information, customers are encouraged to visit any Housing Finance Bank branch or contact the customer service team on 0800 211082 (toll-free.