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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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 …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has been assigned a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale. Assigned by Fitch Ratings, a world-renowned international credit rating agency, the Bank was also assigned a Long-Term Issuer Default Rating (IDR) …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all …
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Kampala, Uganda | THE INDEPENDENT | Business and political leaders in Wakiso, together with Uganda Development Bank (UDB), have identified the district’s investment potential and discussed sustainable projects that will drive economic growth. The leaders met at a one-day investment conference held at Peniel Beach Hotel in Entebbe, under the theme “Harnessing …
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Ojangole receives the Award for the third time in a row. Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB)has committed to scaling up its interventions with the 2023/23 national budget allocation to the Bank. The allocation to the the country’s national development finance Institution was announced during the 2023/24 budget reading by the Minister of Finance, Planning and Economic Development, …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) on March 04, launched an shs50 billion climate finance facility, a fund that will make available finance to promote a green economy. The shs50 billion committed by UDB towards capitalization of the facility will go towards the financing of investments in …
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Over 18,000 smallholder farmers to benefit from the digital loans Yumbe, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has partnered with Ensibuuko, European Union, United Nations Capital Development Fund (UNCDF), and Food and Agriculture Organization (FAO) to launched a Fintech solution dubbed AgriConnect to ease access to digital financing …
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Bank forecasts economic rebound in 2023 Hoima, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), the country’s national Development Finance Institution, has announced excellent results for 2022 reflecting strong investment in various businesses across the country, improved livelihoods and heavy support towards the economic recovery and resilience of Uganda. …
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