Kampala, Uganda | THE INDEPENDENT | 291 enterprises across the country are to benefit from the first phase of the Enterprise Development Program that commenced Tuesday, courtesy of Uganda Development Bank and other organisations. The program’s focus is on training in management best practices, debt management, good governance, record keeping, and …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank reports that its total outstanding loan portfolio to Ugandan enterprises rose by 24 per cent to 1.6 trillion Shillings in 2023. The total loan disbursements in the year increased by 21 per cent. Over the period, some 691 billion Shillings was approved for …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all …
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Ojangole receives the Award for the third time in a row. Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given …
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The majority of financially excluded women are in the informal sector and hard-to-reach areas, which requires innovative financing solutions to reach out to them – innovations in digital financial inclusion with a special focus on women is, therefore, necessary to improve the financial inclusion standing of the women COMMENT | …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has joined the Uganda Development Bank in supporting climate-friendly economic development through the financial sector. The Central bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank has developed a special financing program for women entrepreneurs, in response to concerns that most of the women cannot afford the terms and conditions generally set by the industry for capital. This is part of the bank’s measures aimed at rebuilding …
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Kampala, Uganda | THE INDEPENDENT | The Speaker Jacob Oulanyah has urged Uganda Development Bank (UDB) to reduce its lending rate from 12 percent saying that access to affordable loans by majority of Ugandans is a key driver of socio-economic transformation. He made the remarks while meeting with the Board of …
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Kampala, Uganda | THE INDEPENDENT | The second wave of the COVID-19 pandemic in Uganda has led to record infections and an increasing number of deaths compared to the previous one, which calls for adjustments in the approach to containing it. The government’s response with new restrictions on movement and gatherings …
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More funding, capitalisation of the bank coupled with increase in loan disbursements supported the growth in 2020 Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank Limited has realised a profit after tax for the year 2020 of Shs22bn, representing a 118% growth from Shs10.4bn reported in 2019 amidst the …
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