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
