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June 18, 2024
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Housing Finance Bank and NSSF Collaborate to Revolutionize Education in Public Schools

Sunday, July 2, was a day filled with joy, vibrancy, and enthusiasm as Housing Finance Bank partnered with the National Social Security Fund (NSSF) for the highly anticipated NSSF Kampala Hills Run held at the Kololo Independence Grounds. The bank’s active involvement in this renowned charitable event underscores its dedication to transforming public schools in Uganda and promoting sustainable development.

The recently concluded NSSF Kampala Hills Run aimed to raise UGX 1 Billion to refurbish public primary schools, improve sanitation facilities, and provide digital labs. Building on the success of previous runs, where 60 classroom blocks were renovated and sanitation facilities were enhanced in 13 primary schools, benefiting up to 15,000 pupils in Kampala, Soroti, Kisoro, and Otuke districts. The event showcased remarkable athletic achievements, with Sam Wamuno emerging as the champion of the 21-kilometer men’s race, Latif Kisamba securing victory in the 10-kilometer men’s category, and Doreen Agaba emerging as the women’s champion.

“We have been able to raise about 948 million shillings, 400 million in cash, and the balance in kind. It has been great, considering we had a target of one billion shillings. Close to 8,000 people turned up for this run, which is very encouraging after the Covid break,” said Patrick Ayota, the Acting Managing Director of NSSF.

Housing Finance Bank has been at the forefront of providing comprehensive educational support, offering convenient, affordable, relevant, and empowering financial solutions to all Ugandans. The bank’s commitment to fostering educational growth is evident through a range of financial solutions it provides. These include working capital for school owners, bridge financing, incremental loans, and vehicle financing, addressing the pressing infrastructural and financial challenges faced by schools across the country.

Michael Mugabi, the Managing Director at Housing Finance Bank, emphasized the pivotal role of education in driving economic success, social progress, and the achievement of Goal 4 of the Sustainable Development Goals. By actively participating in initiatives like the NSSF Kampala Hills Run, the bank reaffirms its dedication to continually seek opportunities to nurture future pilots, teachers, engineers, marketers, and bankers.

“As an indigenous bank, we firmly believe in the transformative power of education in creating a high-skilled, knowledgeable, and innovative economy for sustainable development. By participating in initiatives like the NSSF Kampala Hills Run, we demonstrate our commitment to empowering the education sector and shaping a better future for all Ugandans,” said Michael Mugabi, Managing Director at Housing Finance Bank.

Housing Finance Bank extends its deepest gratitude to all the individuals, organizations, and runners who joined forces to support this noble cause. Their collective efforts will have a lasting impact on enhancing education infrastructure and promoting sustainable development throughout Uganda.

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