Kampala, Uganda | THE INDEPENDENT | Uganda has has secured a financing facility worth 150 Million Dollars (about 53.7 Billion Shillings) from the Arab Bank for Economic Development in Africa (BADEA) to support private sector growth. This is under the agreement signed by BADEA and the Minister of Finance, Planning …
Read More »Uganda to Host Inaugural Development Finance Summit
Kampala, Uganda | THE INDEPENDENT | Uganda is set to host the inaugural Uganda Development Finance Summit from September 1-2, 2025, at the Speke Resort Convention Centre in Kampala. Convened by the Uganda Development Bank (UDB), the country’s national Development Finance Institution, the summit will gather over 400 high-level delegates from …
Read More »Uganda to host inaugural development finance summit in September 2025
Kampala, Uganda | Julius Businge | Uganda is set to host the first-ever Uganda Development Finance Summit from September 1 to 2, 2025, at the Speke Resort Convention Centre in Kampala. Organized by the Uganda Development Bank (UDB), the high-level summit will take place under the theme “Transforming Africa through National …
Read More »UDB profit climbs, funding gap persists
As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …
Read More »Kasaija directs UDB to go rural
Kampala, Uganda | THE INDEPENDENT | The Government has directed the Uganda Development Bank Ltd (UDB) to start the process of expanding to rural areas to cater for the growing economic activity around the country. Currently, the bank, the only local and government-owned development finance institution in the country, has, in …
Read More »UDB’s Ojangole named Africa Banker of the Year
Dr. Ojangole is the first Ugandan to receive this Award. Second woman to be named Banker of the Year Abidjan, Côte d’Ivoire | THE INDEPENDENT | Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB)has been named Banker of the Year at the prestigious African Banker Awards. Dr. …
Read More »Uganda’s Ojangole to chair Africa’s development finance body
Abidjan, Ivory Coast | THE INDEPENDENT | Uganda Development Bank (UDB) Managing Director, Dr. Patricia Ojangole, has been appointed Chairperson of the Association of African Development Finance Institutions (AADFI), the umbrella organization for development finance institutions in Africa. Ojangole’s appointment was announced during the 51st Ordinary General Assembly of AADFI, …
Read More »UDB unveil RISE program to facilitate sustainable development
The RISE platform enables financial institutions to create demand for sustainable finance by turning societal, economic, and environmental challenges into transformational business opportunities Kampala, Uganda | THE INDEPENDENT | On March 20, the Uganda Development Bank (UDB) launched the Reshaping Industries for a Sustainable Economy (RISE) Program, an initiative that is …
Read More »2024 REPORT: UDB approved 171 projects, set to create 17,832 jobs
UDB posts robust performance for 2024; hailed for supporting Bwera School of Nursing and Midwifery Kasese, Uganda | THE INDEPENDENT | Uganda Development Bank Limited (UDB) has reported significant year-on-year growth for 2024, showcasing robust performance across key metrics, characterized by healthy asset quality and increased development impact throughout the country. …
Read More »UDB-funded medical supplies company dispatches its first consignment of HIV and Malaria testing kits
The investment from Uganda Development Bank supported MHS in acquiring capital-intensive equipment and purchase of raw materials. Kampala, Uganda | THE INDEPENDENT | Microhaem Scientific (MHS), a Ugandan medical supplies company funded by the Uganda Development Bank (UDB), has dispatched its first consignment of locally manufactured diagnostic kits to the …
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