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Tag Archives: UDB

UDB helped create 41,000 jobs despite inflation

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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Uganda Development Bank powers tourism

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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UDB launches unique solutions for women, youth and SMEs

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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Uganda Development Bank goes big on sustainability agenda

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited is fronting sustainability as a strategy to enhance business operations and secure opportunities for the future generation, according to Samuel Edem – Maitum, the bank’s director of credit. Edem was speaking to journalists in Kampala attending the 2021 World Development Finance …

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Uganda on world map of sustainable finance

    Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged financial institutions operating in Uganda to align their business strategies with the development needs of the country and with the well-being of its people. He emphasized that the financial sector is key to sustainable economic development through mobilization …

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UDB offers simpler credit terms for women entrepreneurs

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank has developed a special financing program for women entrepreneurs, in response to concerns that most of the women cannot afford the terms and conditions generally set by the industry for capital. This is part of the bank’s measures aimed at rebuilding …

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UDB to finance 2 million women entrepreneurs with micro loans

UDB has signed a memorandum of understanding with the Uganda Women Entrepreneurs Association Ltd under which beneficiaries will get between 50 and 100 million shillings in loans Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has offered to help 2 million women in business access financing at more affordable cost …

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