KCB Bank Uganda has reaffirmed its commitment to supporting businesses across Uganda’s oil and gas value chain with tailored financial and operational solutions, as the country moves closer to its first oil milestone.
Speaking at a media briefing, Fred Hirya Saul, Manager for Trade Finance at KCB Bank Uganda, outlined the bank’s strategic focus on enabling contractors, suppliers, and investors to navigate the sector’s unique demands, including high capital requirements, complex cash flow cycles, and time-sensitive obligations.
To address these challenges, KCB Bank Uganda has developed specialized solutions designed to unlock growth and improve operational efficiency. These include structured, collateralized financing to support working capital at scale, with no financing limit, allowing businesses to expand in line with project demands.
The bank also offers unsecured tax bridge financing of up to Shs 4 billion, enabling companies to meet statutory obligations without disrupting cash flow.
In addition to financing, KCB Bank Uganda continues to invest in solutions that enhance efficiency and security for businesses. Its cash management offering includes real-time cash deposit machines installed at customer premises, allowing funds to be deposited securely at the source, with custody risk transferring to the bank upon confirmation.
Secure Cash-in-Transit services further support the safe and seamless movement of funds.
The bank’s digital and collections platforms, including POS-enabled merchant solutions and KCB Pay, are also driving efficient, transparent, and convenient transactions across the ecosystem.
While the opportunities within the oil and gas sector are significant, so too are the demands placed on businesses operating within it. KCB Bank Uganda plays a critical role in ensuring that these businesses have access to flexible and responsive financing—from unlimited working capital solutions to tax bridge facilities of up to Shs 4 billion.
Beyond financing, the bank is enhancing efficiency through cash management and digital solutions that reduce risk and support seamless operations across the value chain.
KCB Bank Uganda remains focused on strengthening partnerships, deepening its understanding of the sector, and continuing to position itself as a trusted financial partner in Uganda’s energy journey.