Equity Bank Uganda Wins Top African Business Award

Equity Bank Uganda has been honored as the Corporate Business of the Year at the prestigious African Business Awards 2026. The accolade celebrates the bank's significant contributions to advancing financial inclusion, supporting diaspora banking, and facilitating cross-border trade and investment throughout the African continent.

The award ceremony, held in London, brought together over 300 global leaders, policymakers, and entrepreneurs. Organized by the African Business Chamber (AfBC), the awards highlight institutions driving sustainable economic growth and making a tangible impact in Africa. This recognition underscores Equity Bank Uganda's role as a crucial financial bridge, connecting Ugandans living abroad with investment opportunities back home while supporting businesses and communities through innovative banking solutions.

Damalie Balungi, Manager of Diaspora and International Banking at Equity Bank Uganda, emphasized the bank's commitment to the diaspora community. She stated that the award reflects the bank's dedicated efforts to develop solutions that keep Ugandans abroad connected to opportunities in their home country. Balungi noted that the diaspora is a vital development partner, contributing through remittances, investments in businesses, real estate, education, and agriculture.

Equity Bank Uganda has developed a comprehensive suite of products tailored for the diaspora. These include a Diaspora Savings Account with no minimum balance or monthly fees, offering global Visa debit card services. Additionally, the bank provides Equity Release and Mortgage solutions, allowing clients to access financing up to 70 percent of their property's appraised value for business expansion or development.

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The diaspora community remains one of Uganda's most important development partners. Beyond remittances, Ugandans living abroad are investing in businesses, real estate, education, agriculture, and long-term wealth creation back home. At Equity Bank Uganda, our role is to provide the financial solutions, accessibility, and support they need to achieve these goals regardless of where they live.