NCBA Bank Uganda has entered into a strategic asset financing partnership with automotive distributor MAC East Africa to assist educational institutions across the country in acquiring new school buses with flexible repayment terms.
Unveiled at the Protea Hotel Kampala Skyz under the theme "Driving the Future of Our Schools," the package eliminates heavy upfront capital expenditure for institutions seeking to upgrade or establish dedicated student transport operations.
Under the facility, accredited schools can access up to 100 percent asset financing to purchase buses, with repayment period tenures extending up to 72 months (six years), a grace period of up to 90 days before initial installment deductions begin. There is also complimentary routine vehicle servicing and maintenance, integrated GPS tracker installation, and embedded comprehensive insurance cover.
Speaking during the rollout, Julius Konyani, Executive Director of NCBA Bank Uganda, noted that structured financing models allow schools to scale their catchment areas without draining operating reserves needed for core academic infrastructure.
“At NCBA, we believe banking is not simply about providing financial products. It is about understanding our customers’ ambitions and providing solutions that help turn those ambitions into reality,” Konyani said, noting that safe and structured transport reduces logistical burdens on working parents.
MAC East Africa will supply the specialized transport units alongside technical backstopping and warranty coverage.
Aditya Arora, Country General Manager at MAC East Africa, emphasized that reliable student mobility directly impacts educational punctuality, pupil safety, and institutional credibility:
“A school bus is more than a vehicle. It is an important part of a school’s ability to provide a reliable service to learners and parents,” Arora noted.
The event gathered school proprietors, administrators, and policy regulators, focusing on compliance with national learner transit standards.
Representing the Government, Apollo Kashanku, Assistant Commissioner for Transport Regulation and Safety at the Ministry of Works and Transport, tasked school administrators to prioritize mechanical roadworthiness and institutional safety policies.
Kashanku underscored that safeguarding learners requires a tripartite commitment combining certified, purpose-built school buses, vetted and disciplined drivers, and regular vehicle safety inspections.
NCBA Bank and MAC East Africa confirmed that school operators can begin accessing the financing facility immediately through their branch and showroom networks nationwide.
