| THE INDEPENDENT | Investors in the tourism sector have an opportunity to exploit out of the Uganda Development Bank and European Union partnership involving a Shs62bn facility, executives said on May 18. Representatives from the two partnering agencies openeda the call for entries for eligible businesses in the tourism …
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Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank Ltd (UDBL) has approved projects worth Shs926 Billion of which a total of Shs589 Billion has so been disbursed into the Ugandan economy to support businesses during the Covid-19 pandemic period. The funds were deployed to support the resilience and …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, has today announced exclusive offers aimed at addressing the growth of the key sectors of youth, women and SMEs. In addition to credit offerings to these segments, UDB will introduce a Business Accelerator …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited is fronting sustainability as a strategy to enhance business operations and secure opportunities for the future generation, according to Samuel Edem – Maitum, the bank’s director of credit. Edem was speaking to journalists in Kampala attending the 2021 World Development Finance …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged financial institutions operating in Uganda to align their business strategies with the development needs of the country and with the well-being of its people. He emphasized that the financial sector is key to sustainable economic development through mobilization …
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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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UDB has signed a memorandum of understanding with the Uganda Women Entrepreneurs Association Ltd under which beneficiaries will get between 50 and 100 million shillings in loans Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has offered to help 2 million women in business access financing at more affordable cost …
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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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Kampala, Uganda | THE INDEPENDENT | Private healthcare professionals have said that the directive by President Yoweri Museveni to add them to the list of businesses that can benefit from the credit facility under Uganda Development Bank (UDB) is not a solution to their financing problems. Over the weekend, President Museveni …
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