Business In Pictures News

UDB Expands its National Footprint to the Northern Region, Launches New Branch in Gulu City

Gulu City: Uganda Development Bank (UDB), the country’s Development Finance Institution (DFI) has today 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 all the districts that constitute Northern Uganda and will enhance […]

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UDB earmarks UGX150 Billion for Ugandan Contractors

Initiative to solve financing challenges for Ugandan contractors Funding to be given on favorable terms and in a timely manner Business and Project Management Advisory to be provided under the initiative Kampala: Uganda Development Bank, the country’s development finance institution, has today announced a UGX150 Billion financial commitment earmarked to provide affordable and patient financing […]

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Fitch Assigns UDB a Long-term Rating of ‘AAA (uga)’ with a Stable Outlook

Kampala: Uganda Development Bank (UBD) the country’s national development finance Institution 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) of ‘B+’ […]

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UBD Tips Wakiso Community on Investment Opportunities that Will Spur Economic Growth

Kampala : In partnership with Wakiso District local government, Uganda Development Bank (UDB), the country’s national Development Finance Institution has today tipped the community in Wakiso District on unlocking their immense investment potential through sustainable projects that will spur economic growth. This was during a one-day conference that was held today at Peniel Beach Hotel, […]

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UDB’s Patricia Ojangole Wins Prestigious Global Leadership Award

Ojangole receives the Award for the third time in a row Kampala: 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 […]

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UDB Unveils UGX50 Billion Climate Finance Facility To Promote Green Economy

Kampala: Uganda Development Bank (UDB), the country’s key strategic partner in delivering socio-economic transformation through sustainable financial interventions, has today launched the UDB Climate Finance Facility (CFF), a strategic Fund that will make available affordable finance that aims to promote climate-smart agriculture, ensure climate resilient infrastructure and low carbon industries. Addressing guests at the launch, […]

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UDB, Partners Launch Financial Technology Solution for Smallholder Farmers in Uganda

AgriConnect is the first digital solution which can offer both a savings and lending option for small-holder Farmers in Uganda Yumbe: Uganda Development Bank (UDB), the country’s national Development Finance Institution, in partnership with Ensibuuko, European Union, United Nations Capital Development Fund (UNCDF), and Food and Agriculture Organization (FAO) has launched a Fintech solution dubbed […]

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Uganda Development Bank staff graduate in patriotic leadership

Kampala: Staff of Uganda Development Bank (UBD) have today graduated in transformative leadership from the National Leadership Institute (NALI) – Kyankwanzi. The two weeks leadership training is aimed at facilitating and developing quality leaders who will stimulate Uganda’s socio-economic transformation while building a culture of leadership discipline and service beyond self, cultivating a culture of […]