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…
In the dynamic landscape of business expansion, the choice between debt and equity financing becomes a pivotal decision that shapes the trajectory of a company’s growth. Both avenues offer distinct advantages and trade-offs, each catering to different needs and aspirations. Understanding the nuances of debt and equity financing is essential for entrepreneurs seeking to fuel…
Uganda Development Bank (UDB), the country’s national development finance institution, has achieved an exceptional National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest rating on Uganda’s national scale. This prestigious rating was assigned by Fitch Ratings, a globally renowned international credit rating agency. Additionally, the Bank received a Long-Term Issuer Default Rating…
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…
