Ecobank Uganda Limited has revealed that it is ready to provide financial support to the Ugandan Oil and Gas infrastructure developments.
In February 2022, the much-awaited Final Investment Decision (FID) for the development of the Tilenga and Kingfisher oil projects, as well as the East African Crude Oil Pipeline (EACOP), was announced in a bid to ensure the country moves closer to its first oil production.
Speaking on Wednesday during the Ecobank community change-makers reward function, Grace Muliisa, the bank’s Managing Director, said oil and gas is one of the key sectors they are looking at.
“Oil and gas is one of the sectors we are looking at. Not only will it hugely impact our economy but also transform so many lives. Cognizant of the impact the sector will have on communities, our sustainability program will look at that angle,” she said.
She added: “Financial inclusion is not a one-off but rather part of who we are as a Pan-African bank. We realise we operate in different parts of the country and part of our existence is to bring along so many people into the financial world. This is core to what we are and we will continue with this journey.”
She said as a bank they teach different communities how to generate, grow and protect incomes and wealth.
Commenting on the 12 days of Christmas campaign, where the bank rewarded community change-makers, she said “Ecobank is committed to making a difference in the communities we serve as we take pride in helping those people and groups that have a positive influence on communities. Through this campaign, we also aimed at giving a boost to the change-makers of the narrative in our society and we encourage others to go for more”.
The bank rewarded eight individuals and organisations who emerged as winners of the campaign. This was in-kind funding of one million shillings.
She noted that the campaign is in line with the bank’s vision to build a world-class Pan-African bank but also contribute to the economic development and Integration of Africa.