Tilenga Project to receive Ecobank financial support

The Tilenga Project in Buliisa and Nwoya District is soon to be provided financial support from Ecobank Uganda, according to the bank’s Managing Director, Ms Grace Muliisa.

The Tilenga Project is planned to develop nine fields including Kasamene, Wairindi, Kigogole, Nsoga, Ngege, Ngara, Jobi-Rii, Ngiri and Gunya.

Ms Muliisa told reporters that Ecobank Uganda, a subsidiary of Ecobank Transnational, a banking conglomerate headquartered in Lome, Togo would put its back behind the country’s budding oil and gas sector to ensure that work goes on well.

She said this is to be done because the oil and gas sector will transform the sociql-financial statuses of many people in Uganda.

“We do understand the landscape and in this particular case, it means what is happening in the different economies on the continent. For Uganda particularly, oil and gas is one of the sectors we are looking at, not only because it is going to hugely impact our economy but it is one that is to transform so many lives,” Ms Muliisa told the press.

Uganda’s oil and gas discoveries have attracted investment in the energy sector, especially exploration and infrastructure projects with significant capital inflows.

Ms Muliisa said the bank will continue with its financial inclusion drive all over the country.

“Financial inclusion is not a one-off but rather part of who we are as a Pan African bank. We realise we operate in different parts of the country and part of our existence is to bring along so many people into the financial world. This is core to what we are and we will continue with this journey,” she said.

“We are part of the agency banking platform which has given opportunities to so many Ugandans to come through the financial space and world. We also teach different communities on how to generate, grow and protect incomes and wealth. We will continue with this programme,” Muliisa said an event where the ecobank rewarded community change makers in its campaign named the 12 days of Christmas which sought to give back to individuals and organisations that are making a difference in their communities.

“Ecobank is committed to making a difference in the communities we serve as we take pride in helping those people and groups that have a positive influence on communities. Through this campaign, we also aimed at giving a boost to the change-makers of the narrative in our society and we encourage others to go for more,” Ms Muliisa said.

At least eight change makers were awarded for their extraordinary roles in supporting their communities.