UDB to Raise $500M for Industrialization, Infrastructure, and SME Growth
In order to finance its new fouryear strategic plan that emphasises industrialisation, infrastructure, and SME growth, Uganda Development Bank UDB int
In order to finance its new fouryear strategic plan that emphasises industrialisation, infrastructure, and SME growth, Uganda Development Bank UDB intends to raise $500 million. The program was announced by CEO Patricia Ojangole, who emphasised the need for longterm funding to help industries like manufacturing, renewable energy, and agroprocessing. UDB wants to combine foreign and domestic funding, including collaborations with development finance organisations. Climate resilience, job creation, and inclusive growth will also be given a priority by the bank. Ugandas Vision 2040 and its drive for economic transformation through private sectorled growth are in line with the fundraising initiative. Ojangole emphasised UDBs function in filling funding shortages and spurring investment in neglected regions, establishing the bank as a vital force behind longterm, sustainable national development.
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B2B Tech News | 8 days ago