AFD signs Shs 170 billion financing deal with UDB to boost priority sectors

The French Development Agency (AFD) has signed a €40 million (about Shs 170 billion) financing agreement with the Uganda Development Bank (UDB) to support priority sectors of the economy. The funding package includes an additional €800,000 (about Shs3.38 billion) in technical assistance. The agreement was signed on Monday at UDB Tower in Kampala by Marc…

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Nabbanja says government is committed to strengthening UDB

Prime Minister Robinah Nabbanja has reaffirmed the government’s commitment to strengthening Uganda Development Bank’s (UDB) capital base to enable it to fully deliver on its mandate of accelerating Uganda’s socio- economic transformation. Nabbanja made the remarks on Friday while officiating at a ceremony where staff of UDB were passed out after completing a refresher training…

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UDB opens Bunyoro regional office in Hoima City

The Uganda Development Bank (UDB), the state-owned development finance institution, has opened a regional office in Hoima City to serve the mid-western region and the Albertine area. The office, located at Plot 5 Kyaruhanga Road, will act as a liaison point for districts including Kagadi, Kakumiro, Kibaale, Kikuube, Kiryandongo, Masindi, Hoima, and Buliisa. UDB says…

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