The Arab Bank for Economic Development in Africa (BADEA) and Uganda have signed two Facility Agreements totaling $150 million to drive private sector development. The agreements were formalized by BADEA president Abdullah Almusabeeh and Matia Kasaija, the minister for Finance, Planning and Economic Development, during the 41st board of governors meeting of the Trade and…
Uganda Development Bank(UDB) announced a robust performance for 2024 registering a profit of Shs 57.8 billion. This marks a 16% increase from Shs 49.8 billion in 2023. During the release of the bank’s performance report yesterday, Dr. Patricia Ojangole, UDB’s managing director, emphasized the bank’s focus on resource efficiency and innovative funding to enhance its…
Dr Patricia Ojangole, the managing director of Uganda Development Bank, has been appointed chairperson of the Association of African Development Finance Institutions (AADFI), the umbrella organization for development finance institutions in Africa. Dr. Ojangole’s appointment was announced during the 51st Ordinary General Assembly of AADFI, held on May 26, 2025, at the Sofitel Hotel Ivoire…
Women are critical to achieving economic growth and alleviating poverty considering they dominate a vital sector of Uganda’s economy – agriculture. The latest census figures indicate that out of Uganda’s total population of 45.9 million, 24.3 million are female, representing 53%. Despite this demographic advantage, findings from the 2024 population census further reveal that only…
The Uganda Development Bank (UDB) has launched the Reshaping Industries for a Sustainable Economy (RISE) Program. This initiative is expected to transform the way the Bank deploys its resources within the economy. The bank said RISE seeks to address modern-day challenges, diversify the economy, and establish high-tech, high-value-added, high-income, and truly green businesses and projects….
Microhaem Scientific (MHS), a Ugandan medical supplies company funded by the Uganda Development Bank (UDB), has dispatched its first consignment of locally manufactured diagnostic kits to the Government of Uganda through the National Medical Stores. MHS produces diagnostic kits that enhance the efficiency, convenience, and accuracy of malaria, HIV, and sickle cell disease diagnoses. Patricia…
