Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth

Patricia Ojangole (C) Managing Director, Uganda Development Bank, Elizabeth Muhebwa (L) Executive Director, Uganda National Association of Building and Civil Engineering Contractors, Eng. Andrew Muhwezi (R) President, Uganda Institute of Professional Engineers during a press conference where UGX 150 billion was earmarked for Ugandan Contractors to provide affordable and patient financing to aid contractor performance and growth. This was at the UDB Head office in Nakasero on 2nd October 2023.

Finance Minister Matia Kasaija outlined the government’s ambitious vision to fully monetize the economy, anchored in value-driven agriculture, industrial expansion, ...

L-R Ivorian sprinter and silver medallist Murielle Ahouré-Demps, UDB Managing Director Dr. Patricia Ojangole, UDB Board Chair Geoffrey Kihuguru and UDB Secretary Sophie Nakandi

Dr. Patricia Ojangole, UDB Head, wins prestigious African Banker award

by Julian Ninsiima | Reporter

30/05/2025

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L-R Ivorian sprinter and silver medallist Murielle Ahouré-Demps, UDB Managing Director Dr. Patricia Ojangole, UDB Board Chair Geoffrey Kihuguru and ...

The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group’s suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others

Uganda to Benefit from Key Outcomes of IsDB Private Sector Forum in Algiers, Driving Trade, Investment, and Innovation

by JOSEPH NSIMBI | UG STANDARD REPORTER

27/05/2025

184

The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group’s suite of financing instruments, ...

Mumba Kalifungwa, Managing Director of Absa Bank Uganda, faces scrutiny as the bank is sued over allegations of stealing from a client's account. The lawsuit claims unauthorized withdrawals were made from a deceased customer's account, sparking a legal battle. Kalifungwa's leadership is under pressure to address the allegations and maintain public trust in the bank. Absa Group sponsors BEN-Africa Conference to promote ethical business practices in Africa, driving sustainable economic growth and combating corruption

Absa backs ethical business drive in Africa

by JAVIRA SSEBWAMI | PUBLIC EDITOR

10/11/2024

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Mumba Kalifungwa, Managing Director of Absa Bank Uganda. Absa Group sponsors BEN-Africa Conference to promote ethical business practices in Africa, ...

otalEnergies holds the majority interest in the Lake Albert project with 56.67% and is the operator of the Tilenga project while CNOOC holds 28.33% and is operator of the Kingfisher project. The Uganda National Oil Company holds 15% in the projects.

CNOOC Uganda launches free online training for SMEs in Oil and Gas

by MANFRED TUMUSIIME | UG STANDARD REPORTER

30/10/2024

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Registration is open until and interested SMEs can sign up through CNOOC Uganda's website. KAMPALA, UGANDA - CNOOC Uganda Limited ...

Dorah Kahunde is the Communications Officer at PostBank Uganda

DORAH KAHUNDE: Financial Independence for Women is a Catalyst to Solving the ESG Equation

by UG STANDARD EDITOR | UG STANDARD EDITORIAL

08/10/2024

229

Dorah Kahunde is the Communications Officer at PostBank Uganda Two key words have taken the corporate world by storm; Sustainability ...

Participants of the 3-day training at Hotel Africana (PHOTO /Courtesy)

UDB prepares businesses for access to finance

by OUR REPORTER | UG STANDARD

03/08/2022

150

Participants of the 3-day training at Hotel Africana (PHOTO /Courtesy) Uganda Development Bank (UDB), the country’s Development Finance Institution, has ...

Tag: SMEs