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 …
Read More »Scandal over Museveni’s Shs 6bn ‘handshake’
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 …
Read More »Providing cheap development finance
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 …
Read More »UDB chief Executive acquitted
By Patrick Kagenda After a five month court battle the Anti Corruption Court sitting at Kololo a Kampala upscale area on June 30, 2014, acquitted and discharged the Uganda Development Bank Ltd (UDBL) Chief Executive Officer Patricia Ojangole who has been battling charges of conflict of interest. Acquitting Ojangole, the …
Read More »