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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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank, the country’s national development finance company, made a record level of loan approvals in 2021, with total lending of sh635 billion. The approved loans are the highest since 2011, denoting a 10-year-high, while the loan stock grew more than half …
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Country’s development institution drives sector post-pandemic recovery with targeted financing | RONALD WANDERA | The Covid-19 pandemic has claimed more than 6 million lives worldwide over the past 2 years. In Uganda, there were about 163,416 confirmed cases and 3,588 deaths as of March 9, 2022, according to Ministry of …
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| THE INDEPENDENT | Investors in the tourism sector have an opportunity to exploit out of the Uganda Development Bank and European Union partnership involving a Shs62bn facility, executives said on May 18. Representatives from the two partnering agencies openeda the call for entries for eligible businesses in the tourism …
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Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank Ltd (UDBL) has approved projects worth Shs926 Billion of which a total of Shs589 Billion has so been disbursed into the Ugandan economy to support businesses during the Covid-19 pandemic period. The funds were deployed to support the resilience and …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, has today announced exclusive offers aimed at addressing the growth of the key sectors of youth, women and SMEs. In addition to credit offerings to these segments, UDB will introduce a Business Accelerator …
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The Independent Uganda: You get the Truth we Pay the Price
