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Lack of Banks Impedes Saving Culture Among Nakaseke Residents

For a prospective bank customer in Nakaseke, like in Kapeeka Town Council, to access any bank, they have to cover a distance of about 37 kilometers. This calls for huge transport costs and time.
Bishop Paul Ssemogerere holds a trowel at the groundbreaking ceremony for the construction of Centenary Bank, Kapeeka branch

Audio 6



The lack of banks is impeding the saving culture among residents in Nakaseke district.

Locals in Kapeeka Town Council can only access Mobile Money services as provided by different Telecom Companies.

Any services requiring them to visit the bank is hampered and the problem is premised on the long distances they have to cover to access them.

For instance, in Nakaseke’s neighboring district of Luwero, is where banks such as Centenary, Stanbic, Equity and DFCU, have established branches, which are considered as nearest to the populace in Nakaseke.

For a prospective bank customer in Nakaseke, like in Kapeeka Town Council, to access any bank, they have to cover a distance of about 37 kilometers. This calls for huge transport costs and time.

The problem has on several occasions seen concerned locals appeal to local leaders and business communities, for the extension of banks to the area.

In the same regard, Christians of St. Consolanta Kapeeka Catholic Parish moved and petitioned the leadership of the Catholic Diocese of Kasana-Luweero about the challenge of not having banks.

Speaking to Uganda Radio Network (URN), Matilda Namuwonge, a resident of Kapeeka Town Council and a teacher at St. Jerome Cove Day and Boarding Primary School still in Kapeeka town says the long distances they have to travel, have failed many from embracing the saving culture by opening accounts in banks. Luganda

//Cue in: "Bbanka eno egenda…

Cue out: ...temutusabira Centenary nnesembera."//

English //Cue in: "Very many Christians…

Cue out: ...bank their money."//

In a bid to address the problem, the Catholic Diocese of Kasana-Luwero has earmarked 800 million shillings to construct a building to house a bank branch in Kapeeka town. Rt. Rev. Paul Ssemogerere, the Bishop of Kasana-Luwero diocese, also doubling as the Apostolic Administrator of Kampala Archdiocese on Wednesday officiated at the groundbreaking ceremony.

While presiding over the event, the Prelate said that he hopes the branch comes into force after 8 months time. Rev. Fr. Deo Kibirango, the Kapeeka Parish Priest who is also doubling as the coordinator on behalf of Centenary bank for the project concurs with Namuwonge. According to Fr. Kibirango, the poor road network and costs of accessing banks has prompted the construction of this building branch.

Luganda

//Cue in: "Olugendo luno twava…

Cue out: ...eri abantu baffe."// English //Cue in: "It has been…

Cue out: ...which they had."//

William Kalule, the Engineer for KAKITECH Builders and Renovators, the construction company contracted to do the work says it hopes to complete the task in 8 months.

Luganda //Cue in: "Ssente bwe zibaawo….

Cue out: ...wansi ne waggulu."// English //Cue in: "The start has…

Cue out: ...injuries of workers."//