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UDB and European Union Announce 2nd Tourism Facility

Development Bank Ltd (UDBL), the country’s national Development Finance Institution, in partnership with the European Union, has today announced a special call for eligible businesses in the tourism sector to apply for and receive up to Shs1 billion in grants…

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Don’t borrow unless you need to

The saying “if it is not broken, do not fix it” is sound advice for the timing of interventions in life, business, and finance. As a philosophy it is about efficiency. I was thinking about the simplicity of this maxim,…

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UDB buffers economy from economic shocks during Pandemic

The Uganda Development Bank Ltd (UDBL), 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 to support businesses during the Covid-19 pandemic period…

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Making the shift to a brighter future

By Bob Twinomugisha John Mukasa Junior (not real names) is the most documented member of his family. Aged 9 years, he has more pictures in one month than his great grandfather Masimo Mukasa, his grandfather Peter Mukasa and his father…

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