By Guest Writer
Entrepreneurship in Uganda is a journey of ambition, resilience, and constant learning. Recognizing both the challenges and opportunities this path presents, Housing Finance Bank hosted the 3rd edition of its Business Clinics, a platform where entrepreneurs are supported, connected, and equipped to navigate the complexities of business growth.
The edition, held on 11th November 2025, focused on Financing Growth in Uganda’s Tourism Sector, a critical industry driving economic development, job creation, and international investment. Entrepreneurs attending the clinic benefited from tailored financing solutions, engaged in expert-led discussions, and accessed invaluable networking opportunities designed to enhance business resilience and foster long-term growth in Uganda’s tourism landscape.
The event featured interactive sessions with industry specialists, case studies of successful tourism ventures, and practical guidance on leveraging both traditional and innovative financing options. Participants left with actionable strategies on expanding operations, optimizing resources, and navigating regulatory frameworks, all tools essential for sustaining growth in a competitive market.
Commenting on the bank’s approach to supporting businesses across sectors, Angela Ndawula, Head Business and Institutional Banking at Housing Finance Bank, emphasized the importance of inclusion and the untapped potential of Uganda’s tourism industry. She noted that the bank serves a wide range of clients, from micro-entrepreneurs to established companies, and highlighted the sector’s economic significance.
“Tourism is an exciting sector, but we must make it a business that generates wealth for Uganda. Our country’s tourism potential is unmatched,” Ms. Ndawula said.
She further highlighted the sector’s economic impact, explaining that it contributes approximately 5% to Uganda’s GDP, supports nearly 600,000 direct jobs, and benefits over 1.5 million people indirectly through its value chain. “Housing Finance Bank is committed to supporting this growth. Now is the time for all our partners, from micro-entrepreneurs to established businesses, to seize these opportunities and drive the sector forward.”
The keynote speaker, Mr. Amos Wekesa, shared insights from his experience in the tourism industry, highlighting the broader impact of tourism beyond GDP contributions. He explained that the sector plays a vital role in redistributing income and sustaining local economies, from fuel stations to roadside food vendors.
“I encourage entrepreneurs to advocate for city activities, events, and improved infrastructure, as these drive hotel occupancy and consumer spending,” Mr. Wekesa said. He also applauded Housing Finance Bank for creating this platform and stressed the importance of collaboration between the private sector, government, and financial institutions.
“He noted that collaboration between businesses and public institutions is essential to promote the country’s strengths and create a more business-friendly environment, emphasizing that sustainable growth depends on coordinated efforts.”
The Manager Sustainability, Dorothy Namutebi, highlighted that sustainability is now a key driver of competitiveness. She shared findings from the Global Travel Survey 2024, noting that 83% of travelers consider sustainable travel important, and 75% plan to travel to more sustainability friendly destinations in the next 12 months.
Dorothy highlighted that tourism; one of Uganda’s most valuable assets depends on resources most vulnerable to climate change, including our natural landscapes and cultural heritage. She underscored the need for sustainability to be central to tourism operations, noting that environmentally responsible practices are critical for the sector’s long-term success.
The Housing Finance Bank Business Clinics continue to demonstrate the bank’s commitment to fostering entrepreneurship in Uganda. By equipping business owners with financial tools, mentorship, and strategic insights, the bank is actively supporting the growth of resilient enterprises capable of competing locally and globally. Initiatives like these reinforce Housing Finance Bank’s role as a partner in progress, helping Ugandan entrepreneurs turn challenges into opportunities and thrive in a dynamic market.
About Housing Finance Bank Ltd: Housing Finance Bank is one of the 10 largest banks in Uganda with a purpose to finance a sustainable future for all through offering convenient, affordable, and relevant solutions for 58 years.
First incorporated as a private limited company in 1967 as Housing Finance Company Uganda Limited, carrying out business as a non-banking credit institution providing mortgage finance and accepting savings deposits from the public, the bank became licensed and regulated by Bank of Uganda as a Commercial Bank in 2007, to carry on the business of banking under the Financial Institutions Act and changed into a public limited liability company known as Housing Finance Bank Limited.
Housing Finance Bank’s vision is to be the preferred business and consumer bank with a focus on Housing finance. The Bank boasts of 18 branches spread out across Uganda. Find out more details about Housing Finance Bank at www.housingfinance.co.ug. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).
