Parliament has approved a motion authorizing the Uganda Development Bank (UDB) to take two loans amounting to $84.8m (UGX305.5b) that will be used to finance operations and extending more credit to the private sector in the country. The two loans are going to be secured from different financiers outside the country according to the report of the Committee on National Economy which processed the loans. It is a relief to the management of the UDB as Executive Director Ms Patricia Ojangole told this website that the bank was appreciative of the Parliament and government support to ensure that its strategy…
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