By Mulengera Reporters
Equity Bank Uganda has been recognized as Corporate Business of the Year at the African Business Chamber (AfBC) African Business Awards 2026, cementing its position as a leading financial institution driving diaspora investment, cross-border trade, and financial inclusion across Africa.
The award was presented during the African Business Awards gala held on May 29 at the Royal Lancaster London, where policymakers, investors, entrepreneurs, and diaspora leaders gathered to celebrate organizations shaping Africa’s economic transformation.
The recognition highlights Equity Bank Uganda’s growing role in connecting Ugandans living abroad with investment opportunities back home through innovative banking solutions that support wealth creation, business growth, and seamless international financial transactions.
As diaspora remittances increasingly evolve from household support into strategic investments, Equity Bank Uganda has positioned itself at the centre of this shift, providing financial products that enable Ugandans abroad to invest in property, businesses, government securities, and long-term wealth-building opportunities.
Damalie Balungi, Manager for Diaspora and International Banking at Equity Bank Uganda, said the award reflects the bank’s commitment to helping Ugandans abroad remain active participants in the country’s economic development.
“The diaspora community remains one of Uganda’s most important development partners. Beyond remittances, Ugandans living abroad are investing in businesses, real estate, education, agriculture, and long-term wealth creation back home. Our role is to provide the financial solutions and support they need regardless of where they live,” Balungi said.
To meet the growing needs of diaspora customers, the bank has developed a range of products including Diaspora Savings Accounts, mortgage and equity release financing, access to Treasury Bills and Treasury Bonds, and enhanced cross-border payment solutions that simplify international banking.
According to Winfred Warui, Senior Manager for International Banking and Cross-Border Payments, demand from Ugandans abroad continues to rise as more people seek structured avenues to invest and build wealth in Uganda.
“We are seeing increasing interest from Ugandans in the diaspora who want to invest, acquire property, build businesses, and participate in opportunities back home. Our focus is to remove barriers through seamless international banking, efficient remittance services, and access to investment opportunities,” Warui said.
The award comes as financial institutions across Africa compete to deepen economic integration and facilitate capital flows across borders. Equity Bank Uganda’s recognition underscores the growing importance of diaspora banking as a catalyst for investment, entrepreneurship, and economic growth.
By strengthening the financial link between Ugandans abroad and opportunities at home, Equity Bank Uganda continues to play a pivotal role in mobilizing capital, expanding financial access, and supporting the country’s development agenda.
