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Opportunity Bank, Buganda Land Board join forces to give titles to Bibanja holders

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Opportunity Bank, Buganda Land Board join forces to give titles to Bibanja holders
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Opportunity Bank Uganda and the Buganda Land Board (BLB) have signed a new partnership agreement to help Bibanja holders secure certificates of title for the land they occupy.

This collaboration seeks to bring financial empowerment to thousands of Ugandans, allowing them access to credit and development opportunities previously out of reach.

Under this agreement, Buganda Land Board will identify eligible Bibanja holders, recommend them for financial assistance, and forward their applications to Opportunity Bank, which will provide financing to support the titling process.

This move is aimed at easing the challenges faced by Bibanja holders—customary landholders who often lack formal documentation—giving them not only legal ownership but also a pathway to economic opportunities and stability.

The land title certificates will enable holders to access loans and other financial services using their land as security, a critical step in improving economic prospects within these communities.

At the signing ceremony, Mr. Owen Amanya, CEO of Opportunity Bank Uganda, emphasized that the partnership goes beyond financial support, empowering landholders with the confidence to invest in their property and improve their lives.

“This partnership will provide not only the financial resources but also the assurance that Bibanja holders need to develop their land and improve their livelihoods.”

Mr. Simon Kabogoza, CEO of Buganda Land Board, echoed these sentiments, noting that the initiative would open doors for Bibanja holders to secure legal rights and access broader financial opportunities, fostering growth and stability for families and communities across Buganda.

The new initiative builds on a longstanding collaboration between Opportunity Bank and Buganda Land Board, as both organizations have worked together to support land security and financial access.

With this latest agreement, the two institutions hope to promote sustainable development across Uganda by increasing the security of tenure for Bibanja holders, thus encouraging responsible land use and investment.

Bibanja holders traditionally occupy land under a customary tenure system, where legal documentation is often scarce, making it challenging for them to secure financing for agricultural or business purposes.

With this initiative, many Bibanja holders will have the opportunity to formalize their land ownership, turning it into a viable asset for accessing credit, starting small businesses, or investing in their agricultural practices.

For Uganda’s economy, which heavily relies on agriculture, this move is anticipated to bolster productivity, encourage development, and increase financial literacy in rural areas.

This partnership comes at a time when financial inclusion is seen as a critical element in Uganda’s development agenda. With support from Opportunity Bank’s 24 branches, mobile banking services, and agents spread across the country, the initiative promises to reach even the most remote communities.

This collaboration between Buganda Land Board and Opportunity Bank is expected to offer significant benefits for the community, reducing barriers to financial services, fostering a culture of sustainable development, and enhancing Uganda’s overall economic resilience.

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