Kampala, Uganda | THE INDEPENDENT | 291 enterprises across the country are to benefit from the first phase of the Enterprise Development Program that commenced Tuesday, courtesy of Uganda Development Bank and other organisations. The program’s focus is on training in management best practices, debt management, good governance, record keeping, and …
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Stanbic4Her initiative and UDB’s ‘Women Prosper’ program have collectively disbursed an impressive total of Shs 173 billion to support female entrepreneurs Kampala, Uganda | THE INEPENDENT | As Uganda joins the global community in celebrating International Women’s Month, prominent financial institutions Stanbic Bank Uganda and Uganda Development Bank (UDB) are at …
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Kampala, Uganda | THE INDEPENDENT | The state minister for Finance in charge of privatization Evelyn Anite has urged women in business to formalize their enterprises and be able to attract government and related support. Anite was speaking at the inaugural annual women entrepreneurs’ conference on March 14 organized by …
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Kampala, Uganda | THE INDEPENDENT | Women entrepreneurs have accused financial institutions of creating products that do not enable them to compete with their male counterparts. The businesswomen under the umbrella of Uganda Women Entrepreneurs Association Ltd (UWEAL) argue that many lenders seem convinced that women can only be involved in …
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The bank is also expanding its footprint across the country with establishment of regional offices, with the initial one set up last in Gulu City last year, besides online channels Kampala, Uganda | THE INDEPENDENT | In a significant move to bolster the Ugandan economy, the Uganda Development Bank (UDB) disbursed …
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Uganda Development Bank-funded solar plant will add 20MW to national grid Kampala, Uganda | IAN KATUSIIME | Tucked away in the hills of Mubende in Kyakasa village lies a solar power plant that is part of efforts aimed at powering Uganda’s energy transition. The Xsabo Nkonge power station with its gleaming …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank reports that its total outstanding loan portfolio to Ugandan enterprises rose by 24 per cent to 1.6 trillion Shillings in 2023. The total loan disbursements in the year increased by 21 per cent. Over the period, some 691 billion Shillings was approved for …
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Kyankwanzi, Uganda | THE INDEPENDENT | Uganda Development Bank has appealed to corporate organizations for more support towards the National Leadership Institute (NALI) Kyankwanzi. The Bank’s Managing Director, Patricia Ojangole says the institute plays an important role in national development. Ojangole says it may be hard for one to appreciate the …
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Uganda’s private sector constitute of about 90% SMEs generates over 75% of the GDP Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank, the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF), to scale up lending to SMEs, Women, Youth-affiliated businesses, …
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Gulu, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), the country’s Development Finance Institution (DFI) has recently launched its inaugural regional office situated in Gulu City aimed at serving Northern Uganda. Situated along Lower Church Hill Drive, the Gulu City office will act as a liaison point for …
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