Thursday , November 21 2024
Home / Tag Archives: UDB

Tag Archives: UDB

UDB champions green financing in Africa

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 …

Read More »

Promoting Private Sector Growth: UDB’s role in unlocking economic opportunities for Ugandans

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 …

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 »

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 »