Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank reports that its total outstanding loan portfolio to Ugandan enterprises rose by 24 per cent to 1.6 trillion Shillings in 2023. The total loan disbursements in the year increased by 21 per cent. Over the period, some 691 billion Shillings was approved for …
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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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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, …
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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 …
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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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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) …
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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 …
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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 …
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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 …
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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, …
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