PostBank Uganda Reaffirms Commitment to Climate Finance Leadership at National Forum

PostBank Uganda has reaffirmed its position as a national leader in sustainable climate finance, pledging stronger support for grassroots climate action and green economic growth during the inaugural National Private Sector Engagement Forum on Climate Finance (NaPSEF 1) held recently in Kampala.

The landmark event, themed “Advancing Private Sector Leadership in Climate Finance Mobilisation,” brought together stakeholders from government, financial institutions, and the private sector to chart a path toward a climate-resilient economy in Uganda.

Representing PostBank Uganda, Doreen A. Muhangazi, the Chief People and Strategy Officer, emphasised the bank’s transformation into a purpose-driven, sustainability-focused institution.

“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. “As a government-owned bank, our role is to foster prosperity for Ugandans, and we cannot achieve that without addressing climate resilience.”

She highlighted the bank’s nationwide footprint and strong engagement with micro, small, and medium enterprises (MSMEs) as key to scaling grassroots climate solutions. “Our unique reach across Uganda puts us in a strong position to drive local climate action while supporting financial inclusion and economic development,” she added.

Muhangazi also commended the Ministry of Finance, Planning, and Economic Development, along with the Bank of Uganda, for providing the policy direction needed to mainstream climate finance. She noted that new frameworks from the Ministry of Water and Environment are critical enablers in positioning the private sector at the forefront of climate-related investments.

However, she acknowledged the challenges that remain—particularly around access to patient capital, which is essential for long-term climate initiatives. “PostBank is committed to bridging that gap through inclusive finance models, innovative lending solutions, and strong partnerships,” she said.

The bank’s growing efforts in sustainable banking have not gone unnoticed. It was recently recognized by the Bank of Uganda under the Agricultural Credit Facility (ACF) for aligning its financial practices with global sustainability benchmarks.

PostBank’s digital innovations are also contributing to climate-friendly outcomes. The bank’s mobile wallet platform, Wendi, is reducing environmental impact by promoting paperless transactions and minimising the need for physical branch visits—especially for rural and underserved communities.

“As the global conversation around climate finance intensifies, PostBank Uganda is determined to lead in building a financial ecosystem that works for people, the planet, and prosperity,” Muhangazi concluded.

The NaPSEF 1 forum marks a significant milestone in Uganda’s climate finance journey, as private and public sector actors align efforts to unlock funding, mobilise partnerships, and embed sustainability into economic recovery and growth strategies.

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