Equity Bank Reaffirms Strong Backing for SMEs at 2025 Top 100 Mid-Sized Companies Gala

Equity Bank has once again demonstrated its unwavering commitment to strengthening Uganda’s small and medium enterprises (SMEs) as it powered the 2025 Top 100 Mid-Sized Companies Gala Dinner, held on Friday, November 28, 2025. The prestigious event, organized by Nation Media Group and KPMG, celebrated the innovation, resilience, and growth of Uganda’s most outstanding mid-sized businesses.

Speaking at the gala, Equity Bank Uganda Executive Director, Claver Serumaga, reaffirmed the bank’s dedication to supporting SMEs, noting that their success fuels national economic growth. He emphasized that Equity Bank remains one of the most affordable credit providers for SMEs, driven by heavy digital investments and a robust distribution network designed to serve businesses across the country.

Serumaga also highlighted the bank’s PSSI (Private Sector Support Initiatives) arm, which offers tailored non-financial support to high-potential yet high-risk SMEs. Through capacity-building, training, and strategic partnerships, PSSI helps enterprises reduce operational risks and gain access to sustainable credit.

“Equity Bank’s approach is unique, impactful, and intentionally designed to uplift SMEs, even as challenges remain that require continued collaboration,” Serumaga noted.

Earlier on July 9, 2025, Equity Bank, in partnership with KPMG and Nation Media Group, officially launched the 2025 Top 100 Mid-Sized Companies Survey at the Sheraton Hotel Kampala. Running under the theme “Driving Inclusive Business Growth – Empowering SMEs across All Sectors for Economic Transformation,” this year’s survey celebrated high-performing enterprises with annual turnovers between UGX 360 million and UGX 25 billion.

The survey assessed businesses across key performance indicators such as revenue growth, profitability, liquidity, and return on investment. Over a three-month period, the campaign also featured regional forums focusing on Finance, Tourism, and Technology—giving SMEs strategic insights to strengthen their competitiveness.

As a leading champion of SME growth, Equity Bank continues to offer both financial and non-financial solutions aimed at helping businesses scale, innovate, and thrive. Through initiatives like the Top 100 Survey, the bank remains at the forefront of empowering Uganda’s entrepreneurial ecosystem and driving economic transformation.