BY EABW REPORTER
KAMPALA, UGANDA – Centenary Bank, Uganda’s leading commercial microfinance Bank, has announced its Ushs. 10m sponsorship of the Kampala City Festival 2018.
This will be the 7th edition of the festival that takes places every year in October since 2012. This year’s festival is slated to take place from 05th to 07th October 2018.
The announcement was made by Mrs. Beatrice Lugalambi, the General Manager, Business Development, Centenary Bank Limited during an event at Kampala City Hall organized by KCCA to recognize the brand’s continued patronage and partnership with Kampala Capital City Authority. The Bank has over the last 7 years supported key Authority activities in developing the youth, education, financial literacy among others.
“Today as we announce our sponsorship for this 7th Edition of this event, I would like to intimate to you to that we are proud of our partnership with KCCA in different spheres over the years to better our City, Kampala.” she said adding that “This year we have scaled up our sponsorship towards the Kampala City Festival to a tune of Ushs. 10 million under the bronze sponsorship category.”
It is estimated that last year, the festival attracted over 3 million people and is this time prospected to fascinate even more from across the East African region.
This year’s event theme is Celebrating 7 Years of rebuilding our City” an initiative towards positioning Kampala city as a potential tourist destination which will feature a concert whose proceeds will be directed towards improving 79 Kampala UPE schools and touching the lives of over 75,000 children that attend them.
Education is one of the key facets under the bank’s CSR initiatives that they are very passionate about. This is well in sync with this year’s focus of improving Kampala UPE schools.
Every year, Centenary Bank invests over Ushs. 100m on education development programmes ranging from classroom block renovation and construction, to equipping schools with health and sanitation facilities among others that help provide a conducive learning environment for pupils.
This is also coupled with Financial Literacy training that the bank offers to school leaders – in 2017 alone, up to 820 school leaders were which went a long way in improving financial management & skills in these institutions.
Additionally, in 2012, the bank signed an MOU worth Ushs. 6.6 billion under the Youth Venture Capital Fund. They have so far extended and managed youth loans to a tune of Ushs. 36.8 billion cumulatively, and reaching up to 12,103 youth as of the 1st quarter of this year, 2018.