Economically, the Ugandan economy is most likely to face a Fiscal Unsustainability challenge and this can compromise Uganda’s ...

Kasese — Uganda Development Bank Limited (UDB) has reported significant year-on-year growth for 2024, showcasing robust performance across key metrics, characterized by healthy asset quality and ...

One of the farmers revealed that many of his colleagues are out of the national grid and are using generators as power ...

Uganda Development Bank’s investment manager, Godfrey Okello, said many Ugandans are small-scale farmers. Therefore, he said UDB funds small-scale farmers, particularly farmer groups of 10 to ...

The President commended Uganda Development Bank (UDB) for providing affordable credit to local businesses. “We shall continue injecting funds into UDB to ensure our people access capital and do ...

The Uganda Development Bank (UDB) has reported a net profit of Shs55.13 billion for 2024, following the disbursement of Shs388 billion across 171 projects in 67 districts. The funds were part of ...

The Bank’s loan portfolio experienced remarkable growth in 2024, increasing to Sh1.67 trillion, a testament to UDB’s continued commitment to fostering Uganda’s socio-economic development. UDB is the ...

Parliament postponed the consideration of loan requests by the government, which are aimed at capitalizing and guaranteeing the acquisition of additional financing for the Uganda Development Bank (UDB ...

Despite ongoing global challenges, economic activ­ity in Uganda has been robust and the economy remains buoyant, with real Gross Domestic Product (GDP) increasing to 6.1% in fiscal year 2023/2024 from ...