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TodayWednesday, April 29, 2026

Uganda Development Bank- Page 2

Allan Joshua Mwesiga (left), the Director of Strategy and Corporate Affairs at UDB, congratulates Bwendero Dairy Farm's Managing Director, John Fitzgerald Magara for being an exemplary client.

Great thing$ happen when hard work meet$ appropriate financing- the sweet tale of Uganda Development Bank and Bwendero Dairy Farm in Hoima district

BDF was started by the late Hon. Caesar Joseph Magara in 1964, on a small piece of land in Kitoba village, Hoima district. Caesar Magara was a Member of Parliament in the
February 16, 2023
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The Minister of State for Bunyoro Affairs, Hon. Jenepher Namuyangu (3rd R), The State Minister for Public Service. Hon. Grace Mary Mugasa (3rd L), Joshua Mwesigwa (2nd L), the UDB Director of Strategy & Corporate Affairs who represented The UDB Managing Director - Patricia Ojangole, The proprietor of Bwendero Dairy Farm, Magara John (2nd R) and other officials during the UDB Annual Press Briefing where the bank announced excellent results for 2022 reflecting strong investment in various businesses across the country. The event was held today (10th Feb, 2023) at Bwendero Dairy Farm in Hoima District.

UDB TO THE RESCUE: Government-owned development finance leader reports 52% growth in the lending portfolio for 2022

At a time when post-Covid-19 private sector credit growth remains constrained with mild growth in a select few sectors, Uganda Development Bank (UDB) has reported a 52% gross loan portfolio growth from
February 11, 2023
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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Uganda Development Bank Director Strategy and Corporate Affair Joshua Allan Mwesiga (L) and Manager Human Resource Launch the 2ND Cohort of the Graduate Apprentice program at the Bank's Offices in Kampala today

DEVELOPING SKILLS: UDB Launches 2nd Cohort of the Graduate Apprenticeship Program

Uganda Development Bank Ltd (UDB) has launched its 2nd cohort of the Graduate Apprenticeship Program (GAP) that will provide hands-on skills development and job opportunities to nascent professionals in Uganda in a
September 19, 2022
L-R: Mr Robert Anyang - CEO CHEMONICS, Mr Ibrahim Kibuka Bossa- Assistant Commissioner Public and Corporate Affairs URA, Barbara Kasekende – Manager Business Advisory UDB, Mr Livingstone Ebiru – Executive Director UNBS and Mr Sam Edem Maitum, the Director Credit UDB; during the launch of the UDB Enterprise Development Program

Uganda Development Bank launches program to prepare businesses for access to finance

Uganda Development Bank (UDB), the country’s Development Finance Institution, has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a
August 4, 2022
Dr. Francis Mwesigye (right), the Director Economic Research and Knowledge Management at Uganda Development Bank speaking during the launch of the report. Left is Sumin Namaganda, the Bank's Senior Manager Corporate Affairs

UDB releases 2021 Direct Impact Report, anchors strong sustainable and inclusive growth

Uganda Development Bank, the country’s National Development Finance Institution, has today released its 2021 Direct Impact Report highlighting the fundamental role that the Bank continues to play toward Uganda’s sustainable socio-economic transformation
July 7, 2022
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
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