UDB Names Peter Mukuru Director of Business Technology
Peter Mukuru has joined Uganda Development Bank (UDB) as Director, Business Technology, strengthening the institution’s digital transformation and innovation agenda. UDB is Uganda’s national Development Finance Institution (DFI), mandated to drive socio-economic development through sustainable financing and strategic investments. Mukuru is a seasoned business technology practitioner and digital transformation leader
Gov’t Commits to Increasing UDB’s Capital Base, Commends Bank for Nurturing Transformative Leadership
The Prime Minister of the Republic of Uganda, Robinah Nabbanja, has reaffirmed Government’s commitment to strengthening the capital base of the Uganda Development Bank (UDB) to enable the Bank to more effectively deliver on its mandate of accelerating Uganda’s socio-economic transformation. Nabbanja made the remarks while officiating at a ceremony
UDB Graduates 32 SMEs in Mbarara, Equipping Entrepreneurs with Investor-Ready Skills
Uganda Development Bank Ltd (UDB) has graduated a new cohort of Small and Medium Enterprises (SMEs) in Mbarara District through its Enterprise Development Program (EDP), providing them with the skills and knowledge necessary to become investor-ready. Through business advisory services, UDB prepares and positions both startups and established businesses to
UDB secures Shs 103 billion to boost economic growth
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a USD 30 Million (Shs 103.9 billion) financing facility to Uganda Development Bank Limited (UDBL) in Uganda. This strategic facility marks ICD’s first Line of Finance transaction in
Inside Uganda , BADEA $150M Deal to Finance SMEs and Key Sectors
Arab Bank for Economic Development in Africa (BADEA) and the Government of Uganda have signed two Facility Agreements amounting to USD 150,000,000 (Shs 537.4 billion) to support private sector growth. The agreements have been signed by Abdullah Almusabeeh, BADEA President, and Matia Kasaija, Minister of Finance, Planning and Economic Development,
Uganda Development Bank to Host Inaugural Summit on Africa’s Development Finance
Uganda Development Bank (UDB) is gearing up to host a first-of-its-kind event that could reshape the trajectory of Africa’s development finance landscape. From September 1–2, 2025, the inaugural Uganda Development Finance Summit will take place at the Speke Resort Convention Centre, drawing more than 400 influential voices from across the
UDB reports net profit of Shs 57.8 billion in 2024
Uganda Development Bank Ltd [UDB] has reported a net profit after tax of Shs 57.8 billion for the year ended December 31, 2024, representing a 16 percent increase from Shs 49.8 billion in 2023. The profit growth was driven by continued strategic investment in interest-earning assets, coupled with prudent cost
