Up to 700 members of the private sector have benefited from Dfcu Bank’s Business Accelerator Program supporting the Oil & Gas local content agenda.
The Oil & Gas local content skilling program was launched in June 2018 targeting multiple sectors that can potentially take up opportunities in the sector.
According to Dfcu Banks’s Chief executive officer Juma Kisaame, the program aims at discussing broadly cover opportunities and liabilities that will arise as a result of development in Uganda’s Oil and Gas sector.
Kisaame while addressing media at Hotel Africana on Tuesday added that other areas of focus included, environment, health and safety, legal and regulatory frameworks.
“An additional two hundred private sector players, this afternoon attended another workshop organized in partnership with the National Logistics platform under Private Sector Foundation Uganda (PSFU), Kampala City Trader’s Association (KACITA) and Uganda Manufacturers Association (UMA),” he said.
“The Banks role is to provide innovative and flexible financial solutions to different stakeholders across the Oil & Gas value chain.
“We are making it possible for local companies to access financing on terms which meet the requirements of both local content services providers and the Bank,” Kisaame said.
Through these workshops, Dfcu Bank provides an enabling environment for local content service providers to enhance their operational capacity and access to much needed financing.
The Bank has taken deliberate steps to form partnerships that avail cheap funds making it possible for the Bank to extend long term financing at favorable rates.