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Citi Uganda commemorated 25 years of operating in the country in an event attended by government, business, and industry leaders, including the Minister of State for General Duties, Honorable Henry Musasizi. Since opening its doors in Kampala in 1999, Citi has played a pivotal role in supporting the country’s economic development through transformative infrastructure project financing, business empowerment, and championing financial inclusion.
“We know that our success is intertwined with the well-being and progress of Uganda,” remarked Ebru Pakcan, Middle East & Africa Cluster and Banking Head. “That’s why we have not only invested in the financial sector but also championed education, financial literacy, and impactful community initiatives to ensure that our footprint creates meaningful and lasting change,” she added.
Citi’s journey in Uganda over the past 25 years has been marked by the bank working alongside local and international partners to provide financial solutions that have helped to drive progress and unlock opportunities across key sectors of the country’s economy, cutting across different facets of the National Development Plan. It has facilitated some of the most significant large-scale funding mandates for the Government of Uganda and the private sector while supporting small and medium enterprises (SMEs) through supply chain finance.
“We have been at the centre of trade and investment flows, provided crucial finance to Uganda’s public and private sectors and supported the country’s financial inclusion goals. Through our expertise in Treasury and Trade solutions we have helped to connect Ugandan businesses to the global marketplace, and contributed to the nation’s development,” commented Sarah Arapta, Citi Country Officer and Banking Head for Uganda.
The bank’s commitment to Uganda goes beyond banking. It has invested in impactful corporate social responsibility initiatives aimed at empowering communities, promoting financial literacy, combating homelessness and supporting education and healthcare.
Citi’s partnership with various organizations to integrate Uganda into the global capital markets, the empowerment of local companies to expand their footprint and the provision of financial and banking solutions to multinationals investing in Uganda has been at the heart of Citi Uganda’s business model for the last two and a half decades. “We remain committed to creating lasting value in the Ugandan economy by harnessing the full power of Citi’s global network, and on-the-ground expertise in Uganda for our clients,” concluded Arapta.