Uganda Development Bank

Drive your business forward with Uganda Development Bank's Asset Financing! Whether you're looking to upgrade equipment, expand your fleet, or invest in essential assets, we're here to support your growth. Let's build a stronger tomorrow together. Visit our website to learn more. #UDBAssetFinancing #UDBHere4U

At UDB, we offer a variety of tailored financial solutions to support business growth and development. Whether you’re looking for capital for long-term investments, short-term financing, or equity investment for high-growth, we’ve got you Our offerings include: 💼 Term Loans – Ideal for capital investments with flexible 4-15 years tenors. 🏢 Asset Finance – Designed for enterprises with collateral challenges. 📈 Trade Finance – Short-term revolving finance to support business cycles. 📊 Equity Investment – Support for high-potential start-ups and large-scale projects. 🔧 Project Finance – Long-term funding for infrastructure and industrial projects. Let’s partner to achieve sustainable growth and national development. #UDBHere4U #UDBFinancialSolutions #BusinessGrowth #FinancialSupport #SustainableDevelopment

🎉 Hello, December! 🎉 As we step into the final chapter of 2024, let's reflect on our journey, celebrate our wins, and embrace the opportunities ahead. Here’s to closing the year with purpose, gratitude, and hope for an even brighter 2025! Happy New Month! 🗓️ #NewMonth #UDBhere4U

UDB’s Patricia Ojangole Wins Global Award for Leadership in Sustainability... UDB and it's Managing Director were awarded the Sustainability Leader of the Year Award for demonstrating exceptional leadership in mainstreaming sustainability and making a recognizable impact. Read full story: https://lnkd.in/dRG_ngUW #UDBhere4U #UDBestinEA

Uganda Development Bank supports businesses and projects through key non-financial interventions. Can you guess which ones? 📌 Question: What two key Non-Financial Interventions does UDB offer to support businesses and projects? a) Financial Advisory and Loan Management b) Business Accelerator and Project Preparation c) Trade Finance and Equity Investment d) Asset Financing and Project Finance 💡 Comment your answers below! #UBDKnowYourCredit #UDBNafunamu #UDBestinEA #UDBhere4U

UDB and PIDG held a bilateral meeting on the sidelines of COP29 to explore joint funding programs in the energy and other infrastructure space. UDB Managing Director Patrica Ojangole and PIDG Chief Sustainable Impact Officer Marco Serena led the meeting. PIDG provided context on how UDB can tap into its products, such as equity and debt investments, project preparation facilities, and guarantees. UDBL agreed to share the pipeline of available projects to enable further discussions. UDB seeks to work with PIDG to bridge financing gaps, directing capital and expertise into projects that promote climate resilience and sustainable growth. Working throughout the project lifecycle, PIDG reduces financial risk, transforms markets, and builds local capacity. #UDBHere4U #UDBestinEA

UDB and the European Investment Bank have a partnership spanning over 5 years, with recent engagements to finance climate-responsive investments. To further cement this relationship, a team from UDB led by Managing Director Patricia Ojangole held a courtesy meeting with Thouraya Triki, the Director International Partners Department, on the sideline of COP29 in Baku, Azerbaijan. Thouraya emphasized how Uganda’s climate interventions are essential, reiterating that their focus is on the successful implementation of the projects to create a much-needed impact in deserving communities. UDB is strongly committed to accelerating climate neutrality through financing climate-responsive and green projects. #UDBHere4U #UDBestinEA

JUST IN: Uganda Development Bank and its Managing Director, Patricia Ojangole, have been honored for the fourth consecutive year with the Sustainability Leader of the Year Award at the esteemed Annual Karlsruhe Sustainable Finance Awards. This Award is given to individuals or institutions that demonstrate exceptional leadership in driving business performance through creating social, economic and environmental values and globally advancing sustainable finance. Additionally, the Bank received the SSCI Version 2 - Level 5, which is the highest level of sustainability excellence under the Sustainability Standards and Certification Initiative (SSCI). #UDBHere4U #UDBestinEA

Catalyzing the energy transition through renewables UDB met with GEAPP to discuss areas of strategic partnership to accelerate the green energy transition to end energy poverty in Uganda. The UDB and GEAPP partnership would include expanding access to affordable, reliable, clean electricity for the hardest-to-reach communities, ultimately reducing carbon emissions. Joseph Ng'ang'a, the Vice President of Africa, emphasized that GEAPP focuses on energy efficiency and alternative energy, accentuating focus on the mini-grids. UDB has made significant strides in expanding energy efficiency by providing financial support for new and renewable electricity generation. Some projects include the 20MW/AC Xsabo Nkonge Solar Power Plant in Kabulasoke and the 50MW/AC Xsabo Lira Solarline. The projects offer a significantly reduced cost of generation at USD7.1 cents per kWh, compared to many independent power producers in the country selling power at over USD10 cents per kWh. Xsabo Nkonge Solar Power Plant comprises 22.7 MWp DC [equivalent to 20MW AC] mounted with a Horizontal Tracking System with Backtracking. The solar power park is a 140-acre stretch of land, of which 98 acres are occupied with photovoltaic solar modules placed in arrays to harness solar radiation and convert it to electric power, which is supplied to the national grid through the existing 132/33kV UETCL Nkonge substation. Nganga emphasized the criticality of demand and supply, accreditation, and partnership for growth. #UDB_COP29

HIGHLIGHTS: Fostering Partnerships for a Greener Future 🌱 At COP29, UDB convened a high-level Climate Finance Breakfast Roundtable, uniting leaders in sustainability and finance to drive climate action in Africa. Led by MD Patricia Ojangole, the discussions emphasized innovative strategies and partnerships for funding green projects. Together, we’re shaping a sustainable tomorrow. #UDB_COP29