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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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UDB Public Notice

On Thursday 18th March, the New Vision newspaper published a story, accompanied by a list of clients reported to have benefited from a Government COVID-19 bailout package. This followed an appearance by UDB management before the Finance Committee of Parliament…

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UDB Releases Financial Results

Uganda Development Bank Limited (UDB) has released its financial and development impact performance for the year 2018. The announcement was made during a press briefing at the bank’s offices at Rwenzori Towers, Nakasero. The performance figures of the development bank…

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UDB Scores high with International Fitch Rating

Fitch Rating, one of the top International Credit rating agencies worldwide based out of New York and London has assigned Uganda Development Bank Ltd (UDB) a Long-Term Issuer Default rating (IDR) of B+ with a Stable Outlook. A credit rating…

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UDB finances local Civil Engineering Company

The Director Investments, Uganda Development Bank, Mr. Mahamoud Andama has today handed over Plant and Equipment the bank has financed worth USHS 9.125bn to Abubaker Technical Services and General Supplies Ltd. The beneficiary is a Civil Engineering and Construction Works…

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