Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that part of the 1.9 trillion shillings loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity. While commissioning the Lida Packaging products, a manufacturing company that …
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Kampala, Uganda | THE INDEPENDENT | Uganda government has injected less than 200 billion Shillings as a capital contribution to the Uganda Development Bank (UDB) over the last five years, the institution’s published financials show. This is despite the fact that leaders – including President Yoweri Museveni – have been lyrical …
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COMMENT | RICHARD OMONGOLE | Uganda’s post-Coronavirus economic failings are going to come from the IMF/World Bank supervised theoretical economists at Bank of Uganda. You borrow $491.5 million, then a mere $151m goes to budget support and Uganda Development Bank (UDB). A whole $340m is retained by Bank of Uganda …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has now been capitalised to the tune of 272 billion shillings, with the money expected to help reduce the cost of money for local entrepreneurs. Speaking at the State of the Nation Address on Thursday, President Museveni said the “the …
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Kampala, Uganda | THE INDEPENDENT | Government has allocated 627 Billion Shillings to capitalize seven banks. The banks include Uganda Development Bank (UDB) with 103 billion, Housing Finance Bank 30 billion, Post Bank 4.7 billion, International Development Bank 2 billion, Trade Development Bank 2.5 billion and Africa Development Bank (ADB) …
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UDB launches ambitious hunt for investor Kampala, Uganda | PATRICIA AKANKWATSA | A cool breeze and a pungent smell like rotten eggs is what welcome you to the shores of Lake Katwe. That is the hydrogen sulfide; a poisonous and corrosive gas that occurs naturally in the salt caves of …
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Kampala, Uganda | THE INDEPENDENT | The Parliamentary Budget Committee has recommended for the allocation of money to capitalise Uganda Development Bank-UDB. UDB is a public enterprise wholly owned by the Government. It is a Development Finance Institution that is focused on accelerating socio-economic development through sustainable financial interventions in …
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Experts debate fate of finance-starved long-term funder UDB Kampala, Uganda | IAN KATUSIIME | “Should the Uganda Development Bank (UDB) seek capital from the government only? How should it work around Uganda’s short-term investment culture? Should it operate like a private sector bank or continue as the government’s band-aid effort …
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Stars of anti-corruption fight caught in secret deals with President As debate rages over the controversial Shs. 6 billion reward (presidential handshake), former Attorney General (AG) Fred Ruhindi’s defence of it, might just be the winner.Ruhindi is one of the 42 select officials who received the reward from President Yoweri …
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By The Independent team The Uganda Development Bank Ltd (UDB) recently unveiled its new corporate identity. CEO Patricia Ojangole talked to The Independent about the milestone, their operations, as well as other pertinent issues in the banking industry. What were the reasons behind UDB’s rebranding? Corporate rebranding was one of …
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