Uganda Bank Gives $26K to Flood-Hit Kampala Traders

When Charlotte Owomugisha watched floodwaters destroy her entire stock of children's clothing in November, she thought her business was finished. The downtown Kampala trader had borrowed six million shillings to build her shop, and in one night of heavy rain, it was all gone.

She wasn't alone. Floods hit basement arcades across Kampala's commercial heart, sweeping through French Plaza, Pentagon City Plaza, and Totala Business Centre. Mattresses, carpets, clothes, and countless other goods were destroyed as traders watched their livelihoods disappear underwater.

Now FINCA Uganda is stepping in with more than 100 million shillings (over $26,000) in relief support. The microfinance institution worked with trader leaders and local authorities to identify affected clients and verify their losses, ensuring help reaches those who need it most.

The relief arrives in phases, giving traders steady support as they restock and reopen. For Owomugisha, it means hope. "I had lost hope, but this support has renewed my confidence that my business will recover," she said at a press conference announcing the aid.

The Ripple Effect

This isn't just about saving shops. It's about protecting the families and communities that depend on Kampala's traders.

"Behind every flooded shop is a family, a livelihood, and years of hard work," said Eva Balikowa, FINCA Uganda's Chief Commercial Officer. The traders are the backbone of Kampala's economy, employing workers and serving neighborhoods across the city.

Hajji Issa Ssekitto, acting chair of the Kampala City Traders Association, called the intervention "timely and impactful" for restoring business confidence. Meanwhile, insurance partner Padre Pio is settling outstanding loan balances for affected borrowers, removing that burden as they rebuild.

The floods exposed serious problems with Kampala's drainage system. Blocked waterways and construction along the Nakivubo Channel made the flooding worse. The Kampala Capital City Authority is now working to improve drainage in the city center to prevent future disasters.

FINCA Uganda isn't stopping at emergency relief. The institution continues offering business training and advisory services to help traders build stronger, more resilient businesses for the long term.

Owomugisha and hundreds of other merchants are getting back on their feet, ready to serve their communities again.