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Tag Archives: Ojangole

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 …

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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 …

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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 …

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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 …

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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. …

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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 …

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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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