Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has encouraged business owners especially manufacturers and agriculturalists to opt for affordable credit provided by Uganda Development Bank (UDB). The President made the call recently while launching the new Karuma 600 MW hydropower project which now takes Uganda’s installed capacity to …
Read More »UDB asks Nakaseke businessmen to apply for cheap loans
Nakaseke, Uganda | THE INDEPENDENT | Uganda Development Bank has urged Small Scale Businessmen in Nakaseke to apply for cheap and patient loans to avoid risks associated with high interest rates. Uganda Development Bank (UDB) a government fully owned bank has a formidable shs1.6 trillion bank in assets, providing patient and …
Read More »Afreximbank, UDB in shs93 billion deal to support private sector
Cairo, Egypt | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have entered a deal aimed at boosting support to the private sector. The Joint Project Preparation Facility Framework Agreement will provide early project preparatory financing and technical support services to public and private sector …
Read More »60 youth graduate in the inaugural UDB Enterprise Development Program
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 »UDB’s investments create more than 400 new jobs
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s investments resulted into the creation of more than 400 additional jobs, bringing the total to 51,841 last year, underscoring the lender’s contribution towards transforming people’s lives. According to UDB’s latest Development Impact Report, titled “Transforming Lives: The Role of UDB in Driving …
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 »UDB, Centenary win big at Continental Banking Awards
Nairobi, Kenya | THE INDEPEDEPENDENT | Uganda Development Bank, is named the best bank in East Africa at the 18th edition of the Annual African Banker Awards. The country’s national Development Finance Institution, was on Tuesday named the Regional Bank of the Year – East Africa at the Annual African Banker …
Read More »UDB, ATC move to save lives
Kampala, Uganda | THE INDEPENDENT | On May 24, ATC Uganda and Uganda Development Bank organized a blood donation drive to bolster the much-needed blood bank at Mengo Hospital. Mengo Hospital and Minet were the technical partners in this initiative. Executives said the initiative was part of a broader effort to …
Read More »UDB champions collaborative development financing
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank on April.17 convened a pivotal roundtable with key global financial leaders to discuss the enhancement of national development banks in Africa on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington DC. The discussions aimed to …
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