The lender approved Shs518.4 billion in new financing for 120 projects across Uganda and disbursed Shs502.2 billion NEWS ANALYSIS | JULIUS BUSINGE | Uganda Development Bank (UDB) is expanding its role as a source of long-term capital for businesses, with increased lending helping companies create jobs, raise …
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Entities, suppliers urged to treat procurement as a vehicle for delivering sustainable development Kampala, Uganda | NEWS CORRESPONDENT | Procuring entities have been urged to place local content at the center of Uganda’s growth strategy to ensure that public expenditure translates into broader domestic wealth creation. Speaking on …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has reported a strong 2025 performance, with increased financing supporting private sector expansion, job creation and growth in productive capacity. The development finance institution disbursed Shs502.2 billion during the year, a 29% increase from 2024, while total assets rose …
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Kampala, Uganda | THE INDEPENDENT | Peter Mukuru has joined Uganda Development Bank (UDB), Uganda’s national Development Finance Institution (DFI), as Director, Business Technology. Peter is a seasoned Business Technology practitioner and digital transformation leader with over 20 years of executive experience spanning Development Finance, Regulation, Government, Utilities, and the …
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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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The Independent Uganda: You get the Truth we Pay the Price
