Equity bank takes investment gospel to Ugandans in diaspora

While Ugandans in the diaspora under their umbrella body, UNAA hold their annual convention in Chicago, Equity bank Uganda will be showcasing feasible investment and banking opportunities at the same event scheduled from August 29 to September 3 at the Hyatt Regency in Chicago.

The delegation led by the Banks Executive Director, Anthony Kituuka accordingly will be sharing more information on diaspora savings, loans, and money remittance facilities for Ugandans working globally but are interested in investing and banking in Uganda.

“It is now very convenient for Ugandans working in the diaspora to run bank accounts back home. As one of the banks handling large inflows of diaspora remittances, we recognize that our customers residing in foreign countries require convenience when they want to transact back home. Our Diaspora banking services have all the features you need to manage your finances while working abroad,” Kituuka said.

The e-banking system allows Ugandans living in the diaspora to make money transfers through SWIFT services and thirteen money transfer solutions across the globe. The Bank also offers 24/7 banking support via online banking (EazzyNet), mobile banking (EazzyBanking App) as well as access to financing for mortgages, land purchase, and equity release facilities.

“We have taken appropriate security measures to ensure that account opening, transfer processes and management of bank accounts is seamless, “ Kituuka added.

Equity Group has banking subsidiaries in Uganda, Kenya, Tanzania, South Sudan, DRC, and Rwanda. Equity Group recently signed a preliminary agreement with Atlas Mara Limited that will see the Bank’s entry into Zambia and Mozambique. Most recently, it set up a Commercial Representative Office in Addis Ababa, Ethiopia.

The World Bank and Bank of Uganda reports say Ugandan citizens in the diaspora have been sending home over a billion dollars over the last three years.  In 2017, Ugandans in the diaspora sent home US $1.4 billion albeit that figure fell slightly to US$ 1.312 billion in 2018.

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