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 »UDB and AGF to expand lending for SMEs, women and youth projects
Uganda’s private sector constitute of about 90% SMEs generates over 75% of the GDP Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank, the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF), to scale up lending to SMEs, Women, Youth-affiliated businesses, …
Read More »UDB opens physical branch in Gulu, hints at other touchpoints in country cities
Gulu, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), the country’s Development Finance Institution (DFI) has recently launched its inaugural regional office situated in Gulu City aimed at serving Northern Uganda. Situated along Lower Church Hill Drive, the Gulu City office will act as a liaison point for …
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 »Fitch Assigns UDB Long-term Rating of ‘AAA
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has been assigned a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale. Assigned by Fitch Ratings, a world-renowned international credit rating agency, the Bank was also assigned a Long-Term Issuer Default Rating (IDR) …
Read More »UDB’s Patricia Ojangole wins sustainability award
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all …
Read More »Wakiso locals receive investment opportunities tips from UDB
Kampala, Uganda | THE INDEPENDENT | Business and political leaders in Wakiso, together with Uganda Development Bank (UDB), have identified the district’s investment potential and discussed sustainable projects that will drive economic growth. The leaders met at a one-day investment conference held at Peniel Beach Hotel in Entebbe, under the theme “Harnessing …
Read More »UDB’s Patricia Ojangole wins prestigious Global Leadership Award
Ojangole receives the Award for the third time in a row. Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given …
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 launches shs50bn climate finance facility
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) on March 04, launched an shs50 billion climate finance facility, a fund that will make available finance to promote a green economy. The shs50 billion committed by UDB towards capitalization of the facility will go towards the financing of investments in …
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