Education

Empowering education

Overview

At BANK OF AFRICA, we believe that as an educational institution, you play a pivotal role in shaping the future of the community, economy, and country at large, and as such deserve a well-thought-out set of solutions to drive this noble agenda. You are welcome to join thousands of institutions across the country enjoying our “Empowering Education” package.

As a market leader in offering financial solutions to the education sector in Uganda, we have developed a comprehensive range of solutions to address your institution’s unique financial and banking needs, supported by a dedicated relationship manager.

We invite you to explore our holistic package that offers a wide range of services for you to choose from.

Dedicated relationship manager

Competitively priced solutions

Pre-school and early childhood business solutions

Primary and secondary schools business support

Higher learning institutions business solutions

International schools business solutions

Sector Challenges And Opportunities

Are you concerned about expensive and hard to access transaction accounts while running your educational institution?

Our range of transactional solutions are tailored to ensure your institution efficiently and most importantly affordably collects all fees and education-related dues.

Discover our education sector transactional solutions below:

Special Interest-bearing current account for schools. Let your balances earn you interest while you run your institution – discover our school fees collection solutions.
Manage cash flow and keep control of your global institution’s finances with our multi-currency accounts – discover our single fee, interest-bearing, collections, and pay as you go solutions.

Do you need help to bridge your operational, payroll and inventory needs due to delays in receipt of school fees or tuition?

Discover our short-term working capital solutions below:

The end of term or beginning of term crisis can be a tough period to run your institution. Teacher salaries, food supplies, bills and more can put a strain on your depleted cash flows. – discover our school bridge finance solution
You may also protect your cash flow by eliminating the need to pay for your institution assets, students, and staff, premiums upfront. Discover our Insurance Premium Finance solution to enjoy the best rates.

Do you need to grow your institution’s capacity or purchase key assets or keep up to date with all your creditor obligations?

Our financing solutions are built with your institution in mind. We come in as partners to further your vision in an affordable and responsible manner.

Discover our affordable long term financing solutions below:

Investment finance. Do you need a new classroom block, a science lab, library, a new dormitory, or staff block? Or do you need to acquire a new bus, truck, generator to support your education institution’s operations? – discover our investment finance solutions for the education sector here asset finance, commercial mortgage, and business expansion facilities

Is your institution struggling with reconciliation headaches, delayed fees payments, or theft/fraud? Our ever-growing and dynamic solutions are positioned to make your collections and payments easier and stress-free.

Discover our secure payments management solutions below:

Manage cash flow allowing your students to pay from multiple channels while keeping control of your education institution finances with our multi-currency accounts – discover our SchoolPay, e-tuition, and agent banking solutions
Oversee your education institution’s transactions from anywhere in the world with our borderless business digital solutions – discover our internet banking for business, Business VISA card, agent, and mobile banking solutions.
Accelerate your internal procurement, simplify your business spending, reduce paperwork, streamline business travel expenses and administrative costs with our Business VISA card.
Streamline and undertake your institution’s payments with our swift payments solutions. discover our local transfers, international transfers, and correspondent bank relationships.

Our education sector Banking model is for all your stakeholders. Your sub-contractors, employees, and family. No matter the level, we will help make it easy to access world-class financial services for all your stakeholders.

Discover our banking options for your stakeholders below:

Students below 18 years old - A savings account for children below 18 years. A parent or guardian opens this account on behalf of the child as a means of saving while teaching them the value of financial management from a young age. This account offers the parent life insurance up to UGX 25 million and a free medical check-up for the child once every year. – discover our Tots 2 Teens account
Students above 18 years old - A savings account for students that are at least 18 years old. The account offers attractive interest rates on their savings as well as various discounts on their transactions. – discover our Young Mullah account.
Parents school fees loan – For those days when your parents are short on funds to pay for school fees and scholastic materials. Reduce your receivables lag by referring all parents unable to make full fees payments to the Bank for the affordable SOMA Loan - discover our school fees loan.
Teachers – Discover our special rates bringing tailormade workplace banking to your education institutions – discover our personal banking suite.
Suppliers - Your suppliers and contractors will benefit from our competitive trade finance solutions as they undertake various projects for you and the community. These solutions to them also save you the significant cash flow requirements you need to ensure they deliver on time. Discover our Business Banking opportunities

Our empowering program goes beyond your banking needs to support your efforts through amazing service and support programs. Improve your operations and the life of your stakeholders and community at large.

Your institution can now benefit from financial literacy seminars and other networking activities tailored to help your institution benefit from the best-in-class business development capacity building.