Kampala, Uganda | THE INDEPENDENT | A total of 60 youth, women, and small and medium entrepreneurs have graduated in the inaugural Enterprise Development Program of the Uganda Development Bank, with a call on institutions to “enable capital flow”. The program is a business incubator designed to prepare businesses to become …
Read More »Assessing the impact of UDB’s shs600 billion lending
Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank last year lent out more than 600 billion shillings to different projects on top of other non-financing activities, aimed at creating positive impact on the social, economic progress of the country. In measuring how successful their plans were, the Bank annually …
Read More »UDB net profit up 17% to Shs50bn in 2023
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution and the Best Bank in East Africa 2024, has today announced its 2023 annual performance, highlighting its continued role in fostering economic resilience and sustainable growth across key sectors of the economy. In …
Read More »NALI Kyankwazi secures support from UDB
Kyankwanzi, Uganda | THE INDEPENDENT | Uganda Development Bank has appealed to corporate organizations for more support towards the National Leadership Institute (NALI) Kyankwanzi. The Bank’s Managing Director, Patricia Ojangole says the institute plays an important role in national development. Ojangole says it may be hard for one to appreciate the …
Read More »Ugandan contractors to benefit from Shs150bn initiative at UDB
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has announced a Shs150 billion financial commitment earmarked to provide affordable and patient financing to Ugandan contractors, executives said on Oct.2. Dubbed the Ugandan Contractors Financing Initiative, the financing complemented by Business Advisory and Project Management advice services will support Ugandan …
Read More »UDB to scale up socio-economic interventions with Shs85 billion budget allocation
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB)has committed to scaling up its interventions with the 2023/23 national budget allocation to the Bank. The allocation to the the country’s national development finance Institution was announced during the 2023/24 budget reading by the Minister of Finance, Planning and Economic Development, …
Read More »UDB posts strong growth, supports economic recovery in 2022
Bank forecasts economic rebound in 2023 Hoima, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), the country’s national Development Finance Institution, has announced excellent results for 2022 reflecting strong investment in various businesses across the country, improved livelihoods and heavy support towards the economic recovery and resilience of Uganda. …
Read More »UDB disburses Shs237bn in third quarter of 2022
The Bank’s investment portfolio improve 15% to Shs1.8tn | THE INDEPENDENT | Uganda Development Bank Ltd (UDB) has reported that it disbursed loans worth Shs237bn in the third quarter of 2022, lower than Shs333bn that was approved in the period under review, it said in a media release dated Oct.28. …
Read More »UDB to lend Shs300bn in the next six months
The lender recorded 76% net profit to Shs38.8billion in 2021 Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia …
Read More »UDB helped create 41,000 jobs despite inflation
Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank, the country’s national development finance company, made a record level of loan approvals in 2021, with total lending of sh635 billion. The approved loans are the highest since 2011, denoting a 10-year-high, while the loan stock grew more than half …
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