How does Uganda Development Bank operate?
Uganda Development Bank Ltd (UDB) is a non-deposit taking Development Finance Institution (DFI). It finances projects that are identified as having significant, positive socio-economic impact but deemed unattractive by commercial banks and other conventional financial institutions. Guidelines on eligibility criteria can be found on …
It is capitalized by its shareholder, the Government of Uganda, augmented by various development partners and agencies. Being non-deposit-taking, UDB effects its transactions through commercial banks
Where are the Bank Branches located?
UDB does not have branches. Our offices are located in Kampala, but our personnel travel countrywide, reaching every region that has qualifying projects. We have financed projects in every region of the country
Who owns Uganda Development Bank?
UDB is fully government owned, represented in its shareholding by the Minister of Finance, Planning and Economic Development and the Minister of State for Privatization.
What types of projects do you finance?
Projects financed must fall in the priority sectors of Agriculture. Tourism and Hospitality, Manufacturing, Human Capital (Health and Education) and Infrastructure, Minerals Oil & Gas. We finance primary agricultural production, value addition, manufacturing, expansion, upgrade and modernization ventures as well as start-ups which meet the basic initial investment requirements … We also provide a range of working capital facilities and trade support services.
Who qualifies for UDB Services?
Applicants must be incorporated entities, Co-operatives or registered farmer groups. The projects must fall in our defined priority sectors …