KAMPALA, Uganda – KCB Bank Uganda has reaffirmed its commitment to supporting the growth of local contractors in Uganda’s oil and gas sector as the official sponsor of the Uganda National Association of Building and Civil Engineering Contractors (UNABSEC) CEO Forum on enhancing local contractors’ competitiveness.
Held at Hotel Africana, the high-level forum brought together industry leaders, policymakers, regulators, and contractors to discuss how Ugandan enterprises can strengthen their capacity and take advantage of emerging opportunities in the country’s fast-growing oil and gas industry.
Discussions centered on positioning local contractors to compete effectively in a sector expected to attract more than USD 15 billion in investment. Key areas of focus included improving technical capacity, strengthening compliance with international standards, and expanding access to structured and sustainable financing.
As the official sponsor, KCB Bank Uganda used the platform to highlight the importance of tailored financial solutions in enabling local businesses to scale and execute large projects. The bank continues to support contractors through specialized offerings such as contract financing, trade finance, guarantees, and structured funding designed to meet the demands of complex, capital-intensive projects.
Speaking at the forum, Hirya Fred Saul, Manager of Trade Finance – Corporate and Retail Banking at KCB Bank Uganda, emphasized the bank’s role in supporting local enterprise:
“KCB Bank Uganda is proud to support transformative projects within Uganda’s oil and gas sector, including initiatives linked to the East African Crude Oil Pipeline. Our focus is on equipping local contractors with the financial solutions they need to grow—from working capital and contract financing to trade finance instruments that enable them to meet global standards and deliver complex projects with confidence.”
UNABSEC President Kiara Binta Nkuranga commended KCB Bank Uganda for its continued partnership, noting that access to appropriate financing remains one of the key factors determining the ability of local contractors to compete effectively within the oil and gas value chain.
The forum concluded with a renewed call for stronger collaboration among government, industry players, and financial institutions to build resilient local enterprises capable of delivering large-scale national projects.
As Uganda’s oil and gas sector continues to evolve, KCB Bank Uganda remains committed to partnering with businesses, supporting local capacity, and enabling sustainable economic growth across the country.
