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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The Bank was also granted the Sustainability Certification for adapting the Sustainability Standards Certfication Initiative Version 2.0, at level 5 which is the highest level under the initiative Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank's Managing Director, Patricia Ojangole, has, for the fourth year running, won the Sustainability …
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Domestic banks, pension funds and financial institutions play a critical role in mitigating these climate-related risks and providing partners with the tools to invest with confidence ANALYSIS | THE INDEPENDENT | State-owned development financing institution, Uganda Development Bank on Nov.15 convened a high-level meeting with key stakeholders on the sidelines of …
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Baku, Azerbaijan | THE INDEPENDENT | The Uganda Development Bank (UDB) yesterday (November 15) convened a high-level meeting with key stakeholders on the sidelines of the 29th Conference of the Parties (COP 29) to foster partnerships aimed at mitigating climate change in Africa and integrating climate considerations into development …
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OPINION | Bob Twinomugisha | As we reflect on 62 years of Uganda’s independence, this year’s celebration theme—”A Re- commitment to Secure and Fortify Our Destiny”—is a rallying call to our people to renew our dedication to building an inclusive and prosperous future. The Uganda Development Bank (UDB) has been central to …
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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 …
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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 …
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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 …
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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 …
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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 …
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