Overview:
Centenary Bank pledges 20 million Ugandan shillings for the 4th Nsambya Babies Home Charity Walk, supporting welfare and medical care for vulnerable children.
KAMPALA, Uganda — Centenary Bank has committed 20 million Ugandan shillings toward the fourth Nsambya Babies Home Charity Walk, part of a broader corporate social responsibility strategy that dedicates a fixed percentage of annual profits to community development.
The bank, which identifies as Uganda’s largest commercial microfinance institution, allocates 1.5 percent of its previous year’s net profits to social initiatives. These funds target sectors including health, education and environmental stewardship.
Fabian Kasi, managing director of Centenary Bank, said during the launch on Wednesday that the institution’s role extends beyond providing financial services.
“Banking goes beyond financial services to transforming lives and strengthening communities,” Kasi said. He urged other corporate entities and development partners to contribute resources to the initiative, which is scheduled for July 25.
The commitment comes as the financial sector faces increasing pressure to address social disparities. Data from the 2024 Uganda Bureau of Statistics report shows that roughly 13 percent of the country’s children are orphans, creating a high demand for institutional support.
Nsambya Babies Home, overseen by the Child Welfare and Adoption Society, has supported more than 10,000 children over its 57-year history. The Rev. Msgr. Rogers Kabuye Mukasa, vicar general of the Kampala Diocese, noted that 290 children were successfully reintegrated into the community over the last three years due to similar funding efforts.
The proceeds from the July event will fund medical care, nutrition and rehabilitation services. Centenary Bank operates 81 branches and 219 ATMs across Uganda, serving a customer base of more than 3 million people.