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Patricia Ojangole- Page 2

Patricia Ojangole, Uganda Development Bank Managing Director. The Bank continues to avail the much-needed liquidity of funds to boost the capacity and resilience of private enterprises.

UDB releases impressive Q3 results, gross loans run to UGX1.18 trillion

Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution, has released its Quarter Three (Q3) of 2022 results highlighting solid growth as the Bank continues to facilitate economic recovery through
October 28, 2022
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Patricia Ojangole, Uganda Development Bank Managing Director. She reveals the Bank’s lending rate has significantly reduced, from highs of 21% to the current range of 10 - 12%.

ACCELERATING ECONOMIC RECOVERY: UDB approves UGX402B, disburses UGX 257B and on track to deploy targeted UGX612B in 2022

In the Q&A below, UDB Managing Director Patricia Ojangole explains in detail what the Year-to-Date figures mean. QN: The economy is currently undergoing a slowdown partly due to the ripple effects of
June 17, 2022
Martin Mugarra Bahinduka (2nd R), Minister of State for Tourism and Caroline Adriaensen, EU Head of Cooperation unveil a banner for the Second Tourism facility. Right is Uganda Development Bank Managing Director Patricia Ojangole

Second tourism facility to fast-track recovery from Covid-19 effects – UDB

Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, in partnership with the European Union, has announced a special call for eligible businesses in the tourism sector to apply for
May 19, 2022
LEFT-RIGHT: Patricia Ojangole, the Managing Director of Uganda Development Bank (UDB) and receivers/managers, Kabiito Karamagi and Joshua Ogwal. UDB, together with the two lawyers have been ordered to compensate Mubende Parents Schools for negligently and unlawfully disposing of the school and misusing money attached in foreclosure and a receivership terribly gone wrong.

Court Faults UDB and Receivers Over Mubende Parents School Sale

Justice Richard Wejuli Wabwire, of the Commercial Court, has found that Uganda Development Bank (UDB), unlawfully sold the property of their client, Mubende Parents School; illegally appointed Kabiito Karamagi and Joshua Ogwal
April 27, 2022
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UDB MD Patricia Ojangole (Right) is taken on a guided tour of Totco Agro processing factory, one of the Covid-19 stimulus beneficiaries in Lira district

UDB has so far disbursed UGX589 Billion to support businesses affected by Covid-19 – Ojangole

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
January 15, 2022
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Patricia Ojangole, Uganda Development Bank Managing Director. The Bank continues to avail the much-needed liquidity of funds to boost the capacity and resilience of private enterprises.

UDB targets to support private sector led development in the face of Covid-19

By Patricia Ojangole The second wave of the COVID pandemic has led to record infections and an increasing number of deaths. In response the government has instituted new restrictions on movement and
June 18, 2021
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