Lango sub-region is steadily positioning itself as a key growth centre for electric mobility and agent banking, following a renewed push by Housing Finance Bank and Union Transport Alliance Uganda.
This emerged during an Agent Banking Forum held on Monday at Zegans Hotel in Lira City, where stakeholders highlighted the region’s potential to drive both financial inclusion and adoption of green transport solutions.
Union Transport Alliance Uganda’s Regional Commercial Manager for Northern Uganda, Vijan Andrew, described Lango as one of the strongest markets for electric motorcycles, citing increasing uptake among riders.
He said the partnership with Housing Finance Bank is enabling boda boda operators to acquire Spiro electric bikes through financing arrangements that do not require full upfront payment.
“This is not only about transport but also about creating sustainable livelihoods and promoting clean energy,” Andrew said.
He added that the bikes are equipped with digital tracking systems and backed by comprehensive insurance covering riders, passengers, and the motorcycles.
Andrew noted that the company is also opening up investment opportunities in spare parts businesses, requiring minimal startup capital, as part of efforts to build a supporting ecosystem for electric mobility.
However, he pointed out that expansion of battery swap stations across districts such as Amolatar, Otuke, and Alebtong is being hindered by limited access to three-phase electricity.
At the same event, Housing Finance Bank emphasized the critical role of agent banking in extending financial services to underserved populations.
Daniel Okello, the bank’s Lira Branch Manager, said the initiative is aimed at closing the financial access gap, noting that over 65% of Ugandans remain unbanked.
He said agent banking is enabling communities to carry out transactions such as deposits, withdrawals, school fees payments, and bill payments closer to their homes.
Okello added that the bank is committed to strengthening local economies by empowering agents to serve as reliable financial service points.
He urged agents to maintain high levels of integrity, ensure timely transaction reconciliation, and remain alert to fraud and other financial crimes.
The forum also provided training on identifying and reporting suspicious transactions, including irregular deposits, forged documents, and unusual transaction patterns.
The developments signal a growing convergence between financial services and sustainable transport in Lango, positioning the sub-region as a frontier for innovation in both sectors.