NCBA to accelerate enterprise growth for SMEs through business banking proposition
Through the Business Banking Proposition, NCBA Bank Uganda aims to bridge these gaps by offering customer-focused products tailored to businesses at different stages of growth.
NCBA Bank Uganda Chief Executive Officer, Mark Muyobo speaking during the launch in Kampala. (Couresty photo)
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In a move aimed at strengthening support for small and medium-sized enterprises (SMEs) and corporate businesses, NCBA Bank Uganda has launched a new Business Banking Proposition.
The new proposition is designed to provide businesses with tailored financial solutions, including access to working capital, trade finance, digital banking services, cash management solutions and advisory support to help enterprises improve efficiency and expand their operations.
Speaking at the launch held at Four Points by Sheraton in Kampala on Thursday (July 09), NCBA Bank Uganda Chief Executive Officer, Mark Muyobo, said the initiative reflects the bank's purpose of Banking on Belief, Empowering Ambitions by standing alongside entrepreneurs as a trusted growth partner.
"SMEs account for over 70% of Uganda's private sector activity, yet many continue to face challenges including limited access to finance, cash flow constraints, and the need for digital transformation. Through our new Business Banking proposition, we are providing businesses with financial solutions, expertise, and partnerships they need to grow with confidence," Muyobo said.
He explained that the development responds to the evolving needs of Uganda's business community, where entrepreneurs increasingly require flexible financing, digital solutions and strategic partnerships to remain competitive in a rapidly changing economic environment.
The proposition combines financing solutions with relationship management, digital banking capabilities and sector-specific expertise to enable businesses to manage their operations more effectively.
“The bank will also leverage its regional footprint and expertise to support businesses engaged in cross-border trade by providing trade finance, foreign exchange services and payment solutions that facilitate regional and international commerce.”
Meanwhile, Abel Mwesigye, the CEO of KACITA, commended the launch, noting that "the growth of Uganda's private sector depends on strong partnerships and financial institutions that understand the realities of doing business.
“NCBA's Business Banking proposition is a timely intervention that combines accessible financing, digital innovation, and business development support to help SMEs scale sustainably,” Mwesigye added.
The programme will provide practical training, mentorship, and advisory support in financial management, governance, tax compliance, business planning, succession planning, and sustainable growth.
The launch comes at a time when Uganda's private sector is seeking to recover from global economic pressures, rising operating costs and changing market dynamics.
Financial institutions are expected to play a central role in improving access to finance, promoting innovation and supporting enterprise development.
Industry observers say commercial banks are increasingly repositioning themselves beyond traditional lending by offering integrated financial services that combine credit, digital innovation and business advisory support.
The shift reflects growing demand from enterprises for banking partners that can support long-term growth rather than provide financing alone.