Over 18,000 smallholder farmers to benefit from the digital loans Yumbe, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has partnered with Ensibuuko, European Union, United Nations Capital Development Fund (UNCDF), and Food and Agriculture Organization (FAO) to launched a Fintech solution dubbed AgriConnect to ease access to digital financing …
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Bank forecasts economic rebound in 2023 Hoima, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), the country’s national Development Finance Institution, has announced excellent results for 2022 reflecting strong investment in various businesses across the country, improved livelihoods and heavy support towards the economic recovery and resilience of Uganda. …
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Eight regional training sessions targeting 1,130 SMEs were conducted in different parts of the country in preparation for access to credit Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank, the country’s national development finance institution has reported a 52% surge in loan portfolio to Shs1.2trillion for the year ended December …
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Kampala, Uganda | THE INDEPENDENT | Staff of Uganda Development Bank graduated in transformative leadership from the National Leadership Institute (NALI) – Kyankwanzi on Jan.31, the lender said in a media release. The two weeks leadership training was aimed at facilitating and developing quality leaders who would stimulate Uganda’s socio-economic transformation …
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Kampala, Uganda | THE INDEPENDENT | Global Credit Rating Co ltd (GCR) has assigned Uganda Development Bank Limited (‘UDB’) national scale issuer private ratings of AA+(UG)/A1+(UG.) This is a notch below the highest possible rating with the outlook accorded as ‘Stable’. At the same time, GCR has also assigned UDB an …
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The Bank’s investment portfolio improve 15% to Shs1.8tn | THE INDEPENDENT | Uganda Development Bank Ltd (UDB) has reported that it disbursed loans worth Shs237bn in the third quarter of 2022, lower than Shs333bn that was approved in the period under review, it said in a media release dated Oct.28. …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful Entrepreneurship Program, conducted with …
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Agro-processing, manufacturing and primary agriculture were big determinants for the Bank’s performance | THE INDEPENDENT | Uganda Development Bank, the country’s National Development Finance Institution on July.07 released its 2021 Direct Impact Report highlighting the fundamental role that it continues to play toward Uganda’s sustainable socio-economic transformation and growth. Francis …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …
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The lender recorded 76% net profit to Shs38.8billion in 2021 Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia …
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