Post bank goes to Kamwenge
Publish Date: Oct 25, 2009
Newvision Archive
  • mail
  • img

By Hope Mafaranga

Postbank has offered the first banking services to Kamwenge district, amidst challenges of remoteness.

Opening the branch last week, Edward Musingye, the LC5 chairman, said Postbank’s arrival was timely.

“People have been traveling distances in search of banking services. The coming of Postbank will save time and money,” Musingye said.

Because of the poor road network in the district, banks concentrated in the nearby districts of Kabarole and Ibanda, which have better roads, he added.

Stephen Mukweli, the managing director of Postbank, said the bank aims to work closely with SACCOs in rural areas to enable people access funds, which will facilitate the creation of their own businesses and help them in fighting poverty.

Kamwenge is surrounded by waterbodies and forests that had hindered operations of banking institutions in a population of 368,164.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact

  • mail
  • img
blog comments powered by Disqus
Also In This Section
FORMER president Dr. Apollo Milton Obote has been honoured for his distinguished service to Busoga College Mwiri and the nation....
THE Ministry of Health has appealed to religious groups to counsel men to stop having extramarital sex to stem the raising rates of HIV infections....
THE Chinese community in Uganda on Tuesday celebrated their 62nd independence anniversary....
MAKERERE University has sued the National Insurance Corporation (NIC) over a sh16.7b pension savings package it claims the insurance giant owes it....
PRESIDENT Yoweri Museveni will lead the alumni of the University of Dar-es-Salaam in Uganda to a fundraising drive targeting sh1b for the Tanzania-based institution....
THE UPDF officers, dressed in neatly pressed uniforms complete with gleaming black boots, took to the podium, many accompanied by their spouses. Then, they were decorated....
Do you think Uganda is winning the fight against AIDS?
Can't Say
follow us
subscribe to our news letter