UDB ready to host high level summit on Finance

Uganda Development Bank (UDB) has said it is prepared to host the inaugural Uganda Development Finance Summit. The summit will be held from September 1-2, 2025, at the Speke Resort Convention Centre. The UDB said it will “bring together over 400 high-level participants drawn from government, national financial institutions, the private sector, academia and global…

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Building industry resilience in emerging markets through development finance

As much as the increasingly interconnectedness of the global economy presents valuable opportunities, it also exposes individual countries to significant risks, with emerging economies bearing the most brunt. The commodity price boom, the global financial crisis, the COVID-19 pandemic, and the Russia-Ukraine war provide cases of some of the global economic shocks that Africa has…

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UDB’s Dr. Ojangole appointed to chair Africa’s development finance body

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…

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How UDB has empowered women to unlock potential in the critical sectors of Uganda’s economy

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…

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Uganda Development Bank registers stellar performance in 2024

The Uganda Development Bank (UDB) has reported significant year-on-year growth for 2024, showcasing robust performance across key metrics. According to its financial report for 2024, the bank’s loan portfolio grew to Shs 1.67 trillion, a testament to UDB’s continued commitment to fostering Uganda’s socio-economic development. The Bank’s total assets grew by 3%, from Shs 1.67…

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