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Gov’t team visits Sino-Uganda Mbale Industrial Park, commits to fast-tracking key infrastructure
MBALE CITY, November 17, 2025 — A high-level government delegation led by the Permanent Secretary and Secretary to the Treasury [PSST], Ramathan Ggoobi, yesterday visited the Sino-Uganda Mbale Industrial Park to address…
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UDB invests Shs 95 billion in Lango to boost regional economic growth
LIRA CITY, November 12, 2025 — The Uganda Development Bank [ UDB ] has invested more than Shs 95 billion in 30 key projects across the Lango Sub-region as part of efforts…
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Bank of Uganda report hails national economy amid global uncertainty
KAMPALA, October 25, 2025 — Uganda’s economy has continued to display strong resilience and stability despite a complex and evolving global environment marked by geopolitical tensions, commodity price swings and tight financial…
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Gov’t releases Shs 18.43trn for second quarter of FY 2025/2026
KAMPALA, October 14, 2025 – The Ministry of Finance, Planning and Economic Development [MoFPED] has announced the release of Shs 18.43 trillion for the second quarter [Q2] of the 2025/26 Financial Year…
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Landmark US$ 30mln disbursement to UDBL to boost economic growth
KAMPALA, October 3, 2025 — The Islamic Corporation for the Development of the Private Sector [ICD], a member of the Islamic Development Bank [IsDB] Group, has successfully disbursed a US$ 30 million…
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African leaders, AfDB push for governance reforms, regional integration for Africa’s transformation
ABUJA, September 15, 2025 — African leaders, experts, the African Development Bank [AfDB] and development partners have called for urgent reforms to strengthen governance, deepen regional integration, and drive inclusive growth across…
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Uganda’s economic outlook shows stability amidst global headwinds
KAMPALA, August 20, 2025 – Uganda’s economy showed continued resilience in July 2025, supported by stable inflation, robust private sector activity, and prudent fiscal operations, according to the latest Monthly Economic Report…
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UDB reports net profit of Shs 57.8 billion as total assets grow by 7 percent in 2024
KAMPALA, June 20, 2025 –– Uganda Development Bank Ltd [ UDB ] has reported a net profit after tax of Shs 57.8 billion for the year ended December 31, 2024, representing a…
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Afreximbank Launches US$ 1 Billion Africa Film Fund To Transform The Continent’s Creative Industry
KIGALI, May 8, 2025 — African Export-Import Bank [ Afreximbank ] , through its development impact investment arm, the Fund for Export-Development in Africa [FEDA], has committed to spearhead the launch of…
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UDB bosses quizzed over loan distribution
KAMPALA, February 11, 2025 –– Members of Parliament on the Committee of National Economy are concerned about distribution of the Uganda Development Bank [UDB] financing as the government seeks loans totalling US$…
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