PostBank Uganda champions green finance with Adelphi training, boosting sustainable SMEs
The training is expected to foster a new wave of innovation and investment in Uganda's SME landscape, enabling businesses to adopt cleaner technologies, reduce their environmental footprint, and contribute to a more resilient and equitable economy.
PostBank Uganda, in collaboration with the Uganda Green Enterprise Finance Accelerator (UGEFA) and Adelphi, a prominent European think-and-do tank, has successfully concluded a pivotal three-day Green Finance Training.
This initiative, generously funded by the European Union Delegation to Uganda, marks a significant step towards integrating sustainability into the fabric of Uganda’s financial sector and empowering Small and Medium Enterprises (SMEs) with the capital they need to thrive responsibly.
The intensive training program equipped over 30 PostBank staff members with practical skills and knowledge essential for accelerating green financing across the nation.
This development is poised to unlock new avenues for sustainable businesses, fostering inclusive growth, and actively contributing to Uganda’s alignment with global sustainability agendas.
Carolyn Andama, Head of Public Sector at PostBank Uganda, emphasized the crucial role financial institutions play in this transition.
“Financial institutions like PostBank avail capital through loans, grants, and other financial instruments that can influence industries by funding sustainable initiatives, driving decarbonization, and addressing social challenges like poverty or inequality,” Andama stated. “This lays a foundation for achieving the global Sustainable Development Goals (SDGs).”
The collaboration between PostBank, UGEFA, and Adelphi highlights a strategic approach to mainstreaming green finance. Christine Meyer, Project Lead of the Uganda Green Enterprise Finance Accelerator and Head of Programme Green Entrepreneurship at Adelphi, outlined their shared mission.
“We provide tailored trainings to financial institutions and collaborate with them to facilitate the flow of green finance into Uganda’s SME sector,” Meyer explained.
“Together with our partner banks, we navigate climate risks and leverage green finance opportunities. Through our joint funding facility, we harness the potential of green SMEs to deliver positive social and environmental impacts. We are looking forward to jointly drive forward the sustainable development agenda with committed partners like PostBank.”
By equipping PostBank staff with the expertise to identify, assess, and finance green projects, this initiative aims to channel crucial funding towards SMEs engaged in sustainable practices. This includes businesses focused on renewable energy, waste management, sustainable agriculture, and other sectors contributing to environmental protection and social well-being.
The training is expected to foster a new wave of innovation and investment in Uganda’s SME landscape, enabling businesses to adopt cleaner technologies, reduce their environmental footprint, and contribute to a more resilient and equitable economy.
The partnership underscores a shared commitment to not only economic development but also to safeguarding the environment and addressing pressing social challenges for a sustainable future.
