The Uganda Development Bank Ltd (UDB), the country’s national Development Finance institution, approved projects worth Shs926 Billion of which a total of Shs589 Billion has so been disbursed into the Ugandan economy to support businesses during the Covid-19 pandemic period (August 2020, to date). The revelation has been made by Ms Patricia Ojangole, the Managing Director UDB during a press conference in Lira City on Friday. This disbursement represents the largest investment in the post-COVID recovery effort in the country where the government through UDB is prioritizing growth through localized value addition, production and import replacement in alignment to the…
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