I&M Bank Uganda Limited has launched the second season of its Tukikube ne I&M Bank campaign, expanding its asset financing solutions to help businesses acquire pickup trucks, tractors and other productive assets while preserving capital for day-to-day operations and future growth.
The launch, held at Source of the Nile Hotel in Jinja, was presided over by I&M Bank Uganda Chief Executive Officer Robin Bairstow and attended by customers, local leaders and other stakeholders from the Jinja business community.
Under the second phase of the campaign, eligible customers can access financing for a brand-new pickup truck at a monthly payment of shs4.6 million and a brand-new tractor at shs 2.3 million, through partnerships with Victoria Motors and Ndovu Motors, respectively, according to the bank.
Speaking at the launch, Bairstow said the campaign reflects the bank's commitment to helping businesses access the assets and financial knowledge needed to achieve sustainable growth.
“Through partnerships with Victoria Motors and Ndovu Motors, eligible customers can acquire a brand-new pickup truck at a monthly payment of shs4.6 million and a brand-new tractor at a monthly payment of shs 2.3 million,” he said.
He added that access to appropriate financing and business knowledge can help enterprises invest, expand and maintain financial stability.
“Businesses succeed when they have access to the right knowledge, the right opportunities and the right financing. At I&M Bank, business growth is viewed through that lens. Banking is not only about transactions, it is about enabling investment, expansion and long-term sustainability,” Bairstow said.
The bank's asset financing solutions also target institutions and enterprises in sectors including education, healthcare, construction, transport and sustainable energy, with the aim of helping them acquire essential equipment without diverting all their available capital from operational needs.
“Our focus is to enable businesses to acquire the assets required for growth while preserving resources needed to run and expand operations,” Bairstow said.
The launch also featured a fireside chat moderated by I&M Bank Uganda Chief Business Officer Gibson Nangono under the theme Preserving Capital, Driving Continuity, with a focus on asset financing for family businesses.
The panel comprised Elizabeth Kibuka, founder of Enjovu Group and head of Enjovu Family Business; Micah Okello, general manager of Ndovu Motors Limited; and Dickson Mwesigwa, acting general manager of Victoria Motors Limited.
The discussion examined how businesses can finance vehicles, tractors and other productive assets without tying up capital needed for ongoing operations. Panellists also explored the considerations involved in using retained earnings versus borrowing, alongside the role of asset financing and operating leases in supporting business expansion.
Mwesigwa highlighted the importance of financial literacy in helping customers assess financing options and make informed decisions. He also noted that Victoria Motors would provide two years of maintenance support for vehicles acquired under the campaign.
“Acquiring an asset is only the first step; customers also need to understand how to finance it responsibly and maintain it over time. Our two-year maintenance support is intended to help protect their investment,” he said.
Okello outlined Ndovu Motors' customer support approach, which includes equipment delivery, practical guidance on machinery use and complimentary servicing during the initial operating period.
“We want customers to get the most out of their equipment from the start. That is why we guide them on its proper use and provide free servicing for the first 500 operating hours. With affordable financing, acquiring a tractor becomes more accessible,” he said.
Beyond asset acquisition and financing, the discussion addressed the importance of succession planning in preserving family-owned enterprises across generations.
Kibuka urged business-owning families to prepare the next generation for leadership early, noting that continuity planning should be an ongoing process rather than a task reserved for retirement.
“Succession planning should not wait until a business owner is ready to retire. Families need to prepare the next generation early to ensure business continuity and preserve what they have worked hard to build,” she said.
The fireside chat concluded with a question-and-answer session, giving attendees an opportunity to seek clarification and engage the panellists on asset financing, business management and long-term sustainability.
Annette Nakiyaga, head of marketing and corporate communications at I&M Bank Uganda, said the second season builds on lessons from the campaign's inaugural edition and aims to deepen engagement with entrepreneurs across the country.
“Season One highlighted the importance of engaging entrepreneurs on the realities of running and growing a business. In Season 2, we are reaching more entrepreneurs across Uganda to better understand their needs and support their shared ambition for sustainable growth through meaningful engagement and practical solutions,” she said.
Through the campaign, I&M Bank is positioning asset financing as a tool for helping businesses invest in productive equipment while retaining resources for operational requirements, expansion and long-term continuity.