EIB backing targets climate-risk rules at Ugandan banks

What the report says

The Bank of Uganda will get support from the European Investment Bank’s development arm, EIB Global, to help turn the country’s climate-risk banking rules into day-to-day practice, according to Uganda Business News. The two institutions signed a cooperation agreement on 21 October, and Housing Finance Bank was identified as the first lender to receive technical assistance under the programme.

The reported work is meant to support a roadmap for greening the financial sector, improve climate-risk disclosure and reporting, and guide banks on how to use Uganda’s National Green Taxonomy. The article says the arrangement is technical assistance rather than a new loan facility or investment fund. It comes after the Bank of Uganda issued climate-related financial-risk management guidelines for commercial banks in October 2025, with mandatory sustainability disclosure standards under IFRS S1 and S2 due to apply from 1 January 2028.

Uganda Business News said Housing Finance Bank already has green-finance products, including lending linked to clean energy and climate-conscious housing, but neither EIB nor the central bank explained why that lender was chosen or what exact support it will receive. More broadly, the report notes that Uganda’s green taxonomy is intended to support lending and capital-market decisions, although capacity and data gaps remain a challenge.