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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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 …
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The Independent Uganda: You get the Truth we Pay the Price
