UDB
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News
Hoteliers urge UDB to cut borrowing rate to single digit
KAMPALA, September 16, 2024 – Hoteliers and investors in Uganda’s hospitality sector are calling for a reduction in the borrowing rate charged on loans provided by the Uganda Development Bank [UDB], which…
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News
UDB sees growth in output value as govt puts in more cash
KAMPALA, July 25, 2024 – The government-owned Uganda Development Bank [ UDB ] has achieved a remarkable 71 percent year-on-year growth in output value, increasing from Shs 3.4 trillion in 2022 to…
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News
UDB’s total assets hit Shs 1.6trn in 2023-report
KAMPALA, March 1, 2024 – The Uganda Development Bank [ UDB ] has released unaudited report for 2023, showing the Bank’s total assets grew by 8 percent to Shs 1.64 trillion from…
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Western
UDB unveils plan to support Bunyoro women entrepreneurs
HOIMA, September 27, 2023 – Uganda Development Bank [ UDB ] has unveiled a plan to give financial support to organised women entrepreneurs in Bunyoro Sub-region so that they can grow their…
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Finance & Banking
UDB readies Shs 18.3bln for 19 projects in Bunyoro
HOIMA– At least 19 projects in Bunyoro Sub-region that need cheap loans will benefit from Shs 18.3 billion offered by Uganda Development Bank [UDB], with the projects expected to create 432 jobs…
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Cooperatives & Communities
Top officials of dairy cooperative in trouble over Shs 600mln UDB loan
KIKUUBE-Top officials of Kyangwali Dairy Cooperative Society Limited in Kikuube district are in trouble for allegedly mismanaging Shs 600 million borrowed from the Uganda Development Bank [ UDB ]. Julius Kwesiga and…
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Development
UDB’s Shs 2.45trn helped anchor Uganda’s growth in 2021-report
KAMPALA– Uganda Development Bank [ UDB ], the country’s national development finance institution days ago released its 2021 Direct Impact [DI] Report highlighting the fundamental role that the Bank continues to play toward…
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Cooperatives & Communities
UDB and EU launch over Shs 60 bln second tourism facility
KAMPALA– Uganda Development Bank [UDB] in partnership with the European Union [EU] has announced a special call for eligible businesses in the tourism sector to apply for and receive up to Shs…
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