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Tag Archives: Patricia Ojangole

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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Speaker urges UDB to reduce lending rate

Kampala, Uganda | THE INDEPENDENT | The Speaker Jacob Oulanyah has urged Uganda Development Bank (UDB) to reduce its lending rate from 12 percent saying that access to affordable loans by majority of Ugandans is a key driver of socio-economic transformation. He made the remarks while meeting with the Board of …

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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 …

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UDB profit after tax up 118%

More funding, capitalisation of the bank coupled with increase in loan disbursements supported the growth in 2020 Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank Limited has realised a profit after tax for the year 2020 of Shs22bn, representing a 118% growth from Shs10.4bn reported in 2019 amidst the …

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UDB receives applications for tourism sector grant

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank-UDB has so far received 41 applications from tourism operators seeking to access funds to recover from the effects of Covid-19. In July, the Ministry of Tourism negotiated a 6M Euro (25.2 billion) stimulus package from the EU towards the private …

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Uganda Development Bank to cut lending rates

Kampala, Uganda | Khisa Isaac | Uganda Development Bank (UDB) is considering reducing interest rates by two percentage points to 10% on loans to be advanced to local companies involved in various productive activities as the coronavirus containment measures takes toll on the economy. This development comes in the wake of the …

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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 …

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