Bankers, leaders discuss sustainable industrial growth at PSFU conference

KAMPALA, UGANDA — KCB Bank Uganda participated in the Private Sector Foundation Uganda (PSFU) Annual Conference on Aug. 5-6, highlighting its commitment to sustainable industrial growth through green finance.

The conference, held at the Kampala Serena Hotel, was themed “Enhancing Policy Advocacy for Sustainable Regional Industrial Growth.” It brought together government officials and private sector leaders to discuss inclusive and environmentally conscious industrialization.

Representing the bank, Timothy Wilkins Okanya, head of corporate banking, spoke during the Energy and Environment session on Aug. 6. Okanya emphasized the bank’s strategic role in promoting climate-smart financing and aligning business growth with low-carbon development goals.

“KCB Group is driving sustainable development by aligning with the UN Principles for Responsible Banking, the Paris Agreement and the Sustainable Development Goals,” Okanya said. “As an accredited entity of the Green Climate Fund, we are playing an active role in the global shift from fossil fuels to green and renewable energy.”

Okanya stated that KCB Bank Uganda has disbursed more than 4.7 billion Ugandan shillings in loans that underwent environmental and social due diligence screening. He added that the KCB Group has issued an additional 4.1 billion shillings in green loans to support renewable energy, sustainable agriculture and eco-friendly infrastructure.

The bank’s participation spotlighted its leadership in green finance and its advocacy for financial systems that are inclusive and climate-resilient.