Pride Bank has reaffirmed its commitment to driving Uganda’s economic transformation by accelerating digital banking, expanding financial inclusion and strengthening collaboration with government as it positions itself for its next phase of growth.
The commitment was made during a stakeholder engagement meeting held at the Ministry of Finance, Planning and Economic Development, where officials from the ministry and Pride Bank’s leadership reviewed the bank’s performance, discussed its strategic priorities and explored ways of advancing Uganda’s financial inclusion agenda.
The meeting comes as Uganda’s banking sector undergoes rapid digital transformation, with financial institutions increasingly investing in technology to improve efficiency, broaden access to financial services and enhance customer experience.
Speaking during the engagement, the Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi, commended Pride Bank for its growth and contribution to expanding access to financial services across the country, while encouraging the institution to continue investing in emerging technologies.
“I congratulate Pride Bank for the tremendous progress it has made over the years. As the financial sector continues to evolve, digitalisation and Artificial Intelligence represent the future, and I encourage the bank to invest in these technologies to enhance efficiency, improve customer experience and deepen financial inclusion. We also want to see Ugandans accessing affordable credit at favourable interest rates to support business growth and wealth creation. As Government, we remain committed to supporting the bank and working closely with its leadership to ensure it continues to thrive,” said Hon. Henry Musasizi.
Pride Bank Managing Director Veronicah Gladys Namagembe said the engagement reflected the strong partnership between the bank and government in supporting Uganda’s development agenda.
“Today’s engagement demonstrates the strong partnership between Pride Bank and Government in driving Uganda’s economic development. We remain committed to transforming lives through accessible, affordable and innovative financial services. As we continue investing in digital technologies and modern banking solutions, our focus remains on delivering greater value to our customers while supporting national development priorities,” said Ms. Veronicah Gladys Namagembe.
During the meeting, Pride Bank outlined its Digital First Bank strategy, which includes planned investments in digital and technology infrastructure over the coming years. The strategy is intended to improve operational efficiency, strengthen customer experience and expand access to financial services, particularly for underserved communities.
The discussions also highlighted the growing role of digital innovation and artificial intelligence in shaping the future of Uganda’s financial sector, as banks seek to modernise their operations while responding to changing customer expectations.
Both the government and Pride Bank reaffirmed their shared commitment to promoting sustainable economic growth by expanding access to affordable finance, strengthening the country’s financial sector and leveraging technology to support businesses, households and entrepreneurs.
Formerly Pride Microfinance (MDI), Pride Bank became a Tier II commercial banking institution after receiving its banking licence from the Bank of Uganda on November 26, 2025. The transition marked a significant milestone in the institution’s evolution, enabling it to broaden its product offering while continuing its mission of providing inclusive financial services to individuals and businesses across Uganda.
