Uganda Development Bank Limited (UDB) and African Development Bank (AfDB) signed an agreement for funding worth USD 20 million. The signing ceremony took place at UDB’s Head Office at Rwenzori Towers, Nakasero.
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.
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.
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.