Equity Bank Uganda Offers Up to Shs 500 Million in School Financing

Equity Bank Uganda is increasing financing support for schools and parents as educational institutions across the country grapple with recurring cash flow challenges at the start of the second academic term, when operational expenses often precede the collection of school fees. School administrators face mounting financial demands at the beginning of every term, including payment of staff salaries, procurement of food supplies and scholastic materials, infrastructure maintenance, and compliance with regulatory requirements. The situation is particularly challenging for private schools, which depend heavily on tuition fees that are often paid late or in instalments, while public and government-aided schools frequently contend with delays in receiving capitation grants.