Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has announced a Shs150 billion financial commitment earmarked to provide affordable and patient financing to Ugandan contractors, executives said on Oct.2. Dubbed the Ugandan Contractors Financing Initiative, the financing complemented by Business Advisory and Project Management advice services will support Ugandan …
Read More »Climate action: Enhancing long term financing for sustainable forest-based industries
COMMENT | PIUS WAMALA | Every 21st of March, Uganda joins the rest of the world to commemorate the International Day of Forests. Proclaimed by the United Nations General Assembly in 2012, this day is meant to celebrate and create awareness about the importance of all types of trees and …
Read More »African bankers move to orient industry towards climate resilience
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has joined the Uganda Development Bank in supporting climate-friendly economic development through the financial sector. The Central bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they …
Read More »UDB projects to lift 200,000 out of poverty by next year
Kampala, Uganda | THE INDEPENDENT | The second wave of the COVID-19 pandemic in Uganda has led to record infections and an increasing number of deaths compared to the previous one, which calls for adjustments in the approach to containing it. The government’s response with new restrictions on movement and gatherings …
Read More »Uganda Development Bank to be placed under BoU watch
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank -UDB will be placed under the watch of Bank of Uganda with the aim of strengthening it. UDB is 100 percent owned by the government and has been self-regulating, audited by the Auditor General and reporting to parliament to answer queries …
Read More »