Kampala, Uganda | THE INDEPENDENT | Prime Minister Robinah Nabbanja has reaffirmed government’s commitment to strengthening the capital base of Uganda Development Bank (UDB), saying sustained funding is critical for the bank to fully execute its mandate of accelerating Uganda’s socio-economic transformation. Nabbanja made the remarks on Friday while officiating …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited (UDB) has announced its role as the lead sponsor of the Ugandan Pavilion at the upcoming United Nations Climate Change Conference (COP30), set to take place from November 10 to 21 in Belém, Brazil. The pavilion will serve as the …
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Mbale, Uganda | THE INDEPENDENT | Uganda Development Bank Ltd (UDB), through its Enterprise Development Program (EDP), has graduated a new cohort of Small and Medium Enterprises (SMEs) in Mbale, equipping participants with critical business skills and investor-readiness knowledge to drive sustainable growth. Delivered in partnership with Makerere University Business …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited (UDBL) has secured a USD 30 million financing facility from the Islamic Corporation for the Development of the Private Sector (ICD), part of the Islamic Development Bank Group. The facility marks ICD’s first Line of Finance transaction in Uganda …
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Kampala, Uganda | THE INDEPENDENT | Uganda has has secured a financing facility worth 150 Million Dollars (about 53.7 Billion Shillings) from the Arab Bank for Economic Development in Africa (BADEA) to support private sector growth. This is under the agreement signed by BADEA and the Minister of Finance, Planning …
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Kampala, Uganda | THE INDEPENDENT | Uganda is set to host the inaugural Uganda Development Finance Summit from September 1-2, 2025, at the Speke Resort Convention Centre in Kampala. Convened by the Uganda Development Bank (UDB), the country’s national Development Finance Institution, the summit will gather over 400 high-level delegates from …
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Kampala, Uganda | Julius Businge | Uganda is set to host the first-ever Uganda Development Finance Summit from September 1 to 2, 2025, at the Speke Resort Convention Centre in Kampala. Organized by the Uganda Development Bank (UDB), the high-level summit will take place under the theme “Transforming Africa through National …
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As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …
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Kampala, Uganda | THE INDEPENDENT | The Government has directed the Uganda Development Bank Ltd (UDB) to start the process of expanding to rural areas to cater for the growing economic activity around the country. Currently, the bank, the only local and government-owned development finance institution in the country, has, in …
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Dr. Ojangole is the first Ugandan to receive this Award. Second woman to be named Banker of the Year Abidjan, Côte d’Ivoire | THE INDEPENDENT | Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB)has been named Banker of the Year at the prestigious African Banker Awards. Dr. …
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The Independent Uganda: You get the Truth we Pay the Price
