Patricia Ojangole

The Uganda Development Bank (UDB) witnessed a significant surge in its outstanding loan portfolio to Ugandan enterprises, reaching Shs 1.6 trillion in 2023, marking a 24% increase. The year saw a 21% rise in total loan disbursements, with an impressive Shs 691 billion approved for lending to 201 various projects, as per the bank’s unaudited…

Uganda Development Bank (UDB), the national development finance institution, has pledged to enhance its interventions with the allocation of UGX 85 billion from the 2023/24 national budget. This funding will specifically target medium and large enterprises. Currently, UDB’s capitalization from the government stands at UGX 1.22 trillion, and it is expected to increase further with…