KAMPALA, Uganda — PostBank Uganda pledged its continued leadership in sustainable climate finance initiatives at the inaugural National Private Sector Engagement Forum on Climate Finance (NaPSEF 1) held recently in Kampala.
The bank’s commitment was highlighted by Doreen A. Muhangazi, PostBank Uganda’s Chief People and Strategy Officer, who delivered remarks at the forum aimed at fostering climate resilience and green economic growth. The event, themed “Advancing Private Sector Leadership in Climate Finance Mobilization,” drew together government officials, financial institutions and private sector players to discuss a collective path toward a climate-resilient economy in Uganda.
“In 2022, PostBank embarked on a journey to reposition itself as a sustainable business; hence, we revised our strategy to ensure that sustainability is not just a part of what we do — it is the core of who we are,” Muhangazi said. She emphasized that as a government-owned bank, its purpose is to “foster prosperity for Ugandans.”
Muhangazi further stated PostBank’s readiness to contribute to climate resilience. “Our unique reach across Uganda puts us in a strong position to drive grassroots climate action, especially through our ongoing support to micro, small, and medium enterprises (MSMEs),” she added, noting this intersection allows financial institutions to “lead on climate action while remaining commercially viable.”
She also commended the Ministry of Finance, Planning, and Economic Development and the Bank of Uganda for their leadership in climate finance, along with recent policy frameworks from the Ministry of Water and Environment. Muhangazi described these policies as crucial enablers for accelerating the private sector’s role in climate finance mobilization. While acknowledging that access to “patient capital” for climate initiatives remains a challenge, she asserted PostBank’s commitment to “bridging that gap through inclusive finance models, innovative lending solutions, and strong partnerships.”
PostBank’s sustainable banking efforts recently earned recognition from the Bank of Uganda under the Agricultural Credit Facility (ACF), a nod to its consistent alignment with global sustainability standards. As the global conversation around climate finance intensifies, PostBank Uganda aims to be a leader in building a sustainable financial ecosystem beneficial for people, the planet and prosperity.
The bank’s digital banking innovation, Wendi, a mobile wallet, also contributes to climate efforts by promoting paperless transactions and minimizing the need for branch visits. By digitizing financial services for rural and underserved communities, Wendi enhances financial inclusion and actively reduces the bank’s environmental footprint, aligning with its broader sustainability goals.
