Consulting - Opportunity Bank Uganda

Opportunity Bank and Turaco Partner to Embed Health Insurance into Savings Accounts with ‘Opportunity Sanyu’

Affordable microinsurance now available to Ugandan saversprotecting families from medical and burial expenses.

KAMPALA, 5th June 2025 – Opportunity Bank Uganda, in partnership with Turaco Microinsurance, has launched Opportunity Sanyu an affordable health and life insurance product now embedded directly into Opportunity Bank’s savings accounts. The product is designed to protect Ugandan families from the financial stress of hospital visits and bereavement without the hassle of traditional insurance sign-ups.

The product name ‘Sanyu’, which means “joy” in Luganda, represents the peace of mind that comes when a family’s savings are protected even during life’s hardest moments.

A New Chapter for Financial Protection in Uganda

Over 60% of Ugandans rely on savings or borrowing to pay for healthcare, often derailing long-term plans like school fees or business investments. Opportunity Sanyu tackles this head-on by making microinsurance accessible, automatic, and truly affordable, starting at just UGX 2,000 per month.

What Customers Get:

Hospital Cash Benefit: UGX 200,000 to UGX 1 million per year
Funeral Cover: UGX 500,000 to UGX 2 million
Effortless Access: Embedded into savings accounts, just give consent & the cover activates
Hassle-Free: Premiums deducted automatically, no paperwork or separate sign-ups

“Our customers’ savings are their future,” said Owen Amanya, CEO of Opportunity Bank Uganda. “But one health emergency can take it all away. With Opportunity Sanyu, we’re helping our customers stay on track and build resilience through banking that truly protects.”

Fast Claims. Real Relief.

Turaco’s tech-driven systems ensure fast, paper-light claims, making insurance truly work when it’s needed most. Similawo Resty, a Turaco customer, shared: “When I was admitted to the hospital, I feared for my health and how I’d pay. Turaco came through for me. I could settle my bill and repay those who helped. I’m so grateful.”

“Opportunity Sanyu is what inclusive insurance should look like embedded, simple, and ready when emergencies arise,” said Cedrick Todwell, Director of Business Development at Turaco. “Together with Opportunity Bank, we’re bringing dignity and financial stability to households across Uganda.”

Since 2019, Turaco has partnered with banks, fintechs, and mobile operators to insure over 4 million people across Uganda, Kenya, Nigeria, and Ghana with more than 1 million lives covered in Uganda alone.

Opportunity Sanyu is now available to Opportunity Bank customers nationwide. Anyone with a deposit account can visit their nearest branch to activate coverage and join the movement towards secure, protected savings.

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Opportunity Bank Shines at Bank of Uganda’s ACF Awards, Taking Home 9 Prestigious Honours

A Night of Triumph! Opportunity Bank Shines at Bank of Uganda’s ACF Awards, Taking Home 9 Prestigious Honours

It was a night to remember! With immense pride and excitement, Opportunity Bank Uganda is thrilled to celebrate an extraordinary milestone—scooping 9 out of 16 major awards at the highly anticipated Bank of Uganda Agricultural Credit Facility (ACF) Awards, held last evening at the Sheraton Hotel, Kampala.

The event marked 15 years of the transformative ACF loan scheme, which has powered Uganda’s agricultural finance landscape. The awards recognized financial institutions that have gone above and beyond in accelerating economic development through innovative and inclusive agricultural lending.

And the big winner? Opportunity Bank.

From the start, Opportunity Bank stood out—proving once again that commitment to underserved communities and bold leadership in financial innovation can drive real, lasting impact. This victory isn’t just a celebration of past efforts; it’s a powerful declaration of what’s possible when purpose meets performance.

A CLEAN SWEEP OF AWARDS – HERE IS WHAT WE WON:

Overall Best Performing Financial Institution

in the Credit Institutions and Microfinance Deposit-Taking Institutions (ACF)

Highest Number of Loan Applications Submitted to BOU (ACF)

Most Loans Disbursed to Small Borrowers (≤ UGX 100 Million – ACF)

Highest Absorption Rate by Loan Value Disbursed (ACF)

Overall Best Performer

In the Credit and Microfinance Deposit-Taking Category (SBRF)

Highest Absorption Rate by Loan Value Disbursed (SBRF)

Widest Outreach in Underserved Regions (ACF)

Most Loan Applications Submitted to BOU (SBRF)

First Runner-Up for Highest Number of Loans Disbursed

in Underserved Regions (SBRF)

Leadership Speaks:

We are incredibly honoured and humbled by this extensive recognition from the Bank of Uganda,” said Owen Amanya, CEO of Opportunity Bank Uganda. “These awards are more than trophies—they’re a powerful affirmation of our mission to champion agricultural finance and deepen financial inclusion across Uganda. They represent the tireless commitment of our team, the resilience of our customers, and the bold steps we’ve taken to transform lives and livelihoods.”

Looking Ahead

As we reflect on this monumental achievement, Opportunity Bank remains more committed than ever to delivering accessible, inclusive, and transformative financial solutions across Uganda. From rural farmers to small business owners, we will continue to empower communities and drive sustainable development at every turn. Opportunity Bank: Creating opportunities for a better life—today, tomorrow, and always.

Q1-Newsletter 2025

Opportunity Bank Shares Iftar with Kamwokya Residents in Ramadan Community Support

Opportunity Bank Shares Iftar with Kamwokya Residents in Ramadan Community Support Initiative

FOR IMMEDIATE RELEASE – March 29, 2025

Kampala, Uganda – Opportunity Bank Uganda is proud to announce its annual Ramadan Community Support Initiative, reinforcing its commitment to diversity, community engagement, and cultural inclusivity. As part of this initiative, the bank has provided iftar meals in Kamwokya, Iganga, Kawempe, and Masaka, offering a heartwarming gesture of solidarity with local communities during the holy month of Ramadan. Additionally, 100 special Eid hampers have been distributed to the bank’s most loyal Muslim customers across its nationwide branch network as part of a unique Eid gift package.

Bridging Communities with Compassion

In celebration of Ramadan, Opportunity Bank extended its support by providing nutritious iftar meals at key locations, including the local mosque in Kamwokya, as well as in Kawempe, Iganga, and Masaka. The initiative also included surprise curated hampers for the bank’s dedicated Muslim customers. This program highlights the bank’s ongoing commitment to enhancing community welfare and promoting cultural understanding.

“As a socially responsible bank, we go beyond traditional banking,” said Owen Amanya, CEO, Opportunity Bank. “In the spirit of Ramadan, we are dedicated to recognizing and supporting the cultural and spiritual needs of our brothers and sisters. This Iftar initiative is our way of giving back to our Muslim staff, customers and the communities around us.”

Making an Impact

The Ramadan Community Support Initiative seeks to achieve the following goals:

Aid during the fasting month of Ramadan.
Strengthen relationships with local communities.
Demonstrate the bank’s commitment to diversity, inclusion, and cultural awareness.
Show appreciation for the bank’s loyal Muslim customers.

About Opportunity Bank

Opportunity Bank Uganda Limited is a licensed financial institution regulated by the Bank of Uganda. The bank offers a range of financial services, including deposit accounts, loans, investments, and corporate banking solutions. Opportunity Bank is committed to making financial services accessible and affordable to individuals and businesses, driving economic growth and development throughout Uganda. Opportunity Bank has been a cornerstone of social banking for 30 years and is dedicated to maintaining high governance standards, robust risk management practices, and exceptional customer service. Opportunity Bank remains steadfast in its mission of social responsibility, continuously seeking ways to connect with and uplift the communities it serves.

Opportunity Bank Uganda Limited Joins the Global Alliance for Banking on Values

Opportunity Bank Uganda Limited Joins the Global Alliance for Banking on Values (GABV)

Kampala, Wednesday 12 March, 2025 – Opportunity Bank is thrilled to announce its membership in the Global Alliance for Banking on Values (GABV), a network of banks and financial institutions dedicated to advancing sustainable and socially responsible banking practices.

As a member of the GABV, Opportunity Bank joins a growing global movement focused on promoting inclusive, ethical, and sustainable financial services that prioritize the long-term well-being of people and the planet. The GABV’s mission is to support and empower financial institutions that strive to make a positive impact on society, particularly through efforts to improve financial inclusion, social justice, and environmental sustainability.

Owen Amanya, CEO Opportunity Bank Uganda Limited, quotes

“We are thrilled to join the Global Alliance for Banking on Values and collaborate with like-minded organizations committed to driving positive social change. Our mission has always been to foster financial inclusion and create opportunities for underserved communities. Being part of the GABV will amplify our efforts, and we look forward to working together to create a more just and sustainable financial system.”

Martin Rohner, Executive Director GABV, also commented:

“We warmly welcome Opportunity Bank Uganda to the Global Alliance for Banking on Values. With over 30 years of championing financial inclusion for rural communities, women, youth, refugees, and persons with disabilities, their innovative, client-focused approach drives sustainable livelihoods. Together, we will break barriers and make a lasting impact.”

About Opportunity Bank Uganda Limited

Opportunity Bank Uganda Limited is a financial institution licensed and regulated by the Bank of Uganda that provides various financial services to individuals and businesses. It offers products such as deposit accounts, loans, investments, and corporate banking services. The bank aims to provide accessible and affordable financial services to its customers, promoting economic growth and development in Uganda. The Bank is committed to maintaining high governance standards, risk management, and customer service.

About the Global Alliance for Banking on Values (GABV)

The Global Alliance for Banking on Values is an independent network of banks and financial institutions from around the world. Founded in 2009, GABV’s members are united by their shared commitment to using finance to deliver positive social, environmental, and economic impact. The network’s members work together to promote the principles of responsible banking, encourage innovation, and advocate for policies that strengthen the role of values-based banking in global financial systems.

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