UDB has continued to facilitate socio-economic development. 18,558 jobs are expected to be created through the approved projects on top of generating UGX 11.39 trillion in additional output value, UGX 615.96bn in tax revenue & UGX 3.3tn foreign revenue earnings.
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The objective of the new policy , in part, is to ensure a sustainable, adequate, affordable, and reliable supply of energy, setting an ambitious plan of increasing the Country’s installed generation capacity from the current 1,842 MW to 24,000 MW by 2040.
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At least UGX466.5 billion was collected in loan repayments and reinvested to fund disbursements to various enterprises during the year. MD, A. Managing Director Denis Ochieng.
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After thorough scrutiny of the technical, financial, environmental, and social evaluations and considerations, on 28th September 2020, ERA issued a license to Xsabo Nkonge Solarline II to construct & operate this 20MW
solar plant.Dr. Sarah Wasagali ERA Chairperson #UDBhere4U
Electricity Regulatory Authority is a Statutory Body established by the Electricity Act, of 1999 to preside over Uganda’s Electricity Supply Industry, setting the rules, regulations, and standards....
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As a bank, we are committed to serving and improving the Quality of lives of Ugandans.
Here is a simple summary of our Loan application process to guide you.
click to start: udbl.co.ug/calls-for-appl…
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UDB delivered a strong set of results, consistent with the performance trend over the last couple of years, and in line with our role as the country’s Development Finance Institution. MD, A. Managing Director Denis Ochieng.
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Dr. Sarah Wasagali Kanaabi Chairperson ERA represented the Minister of Energy and Mineral Development, Hon. Dr. Ruth Nankabirwa Ssentamu and she noted that that last year, Ministry of Energy and Mineral Development launched the National Energy Policy 2023.
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Uganda Development Bank Ltd hands over consignments of library desks, computer laboratory chairs, attendant and reception desks, library chairs, and visitor waiting chairs worth Shs45m to Catalonia International News leadership institute
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Every testimonial is a story of partnership and progress. ✍️
Discover how together, we create the unimaginable!
Real stories, incredible journeys. Call +256 312 355 500 today.
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Last year, the Bank extended business training to more than 500 enterprises across the country of which 291 are to be incubated for funding this year. 61% of the enterprises trained were in the agriculture sector.
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Supporting the Xsabo Solar plant is totally in line with UDB's purpose statement of improving the quality of life of Ugandans and UDB's Mission to accelerate socio-economic development through sustainable financial interventions.
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Xsabo Group part of a Growth Agenda to build resilience, catalyse sustainable growth and promote net-zero economic transition In Uganda and across Africa as the world economy moves towards a low carbon future. Dr. David Alobo CEO Xsabo Group.
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Speaking on behalf of the Minister of Energy and Mineral Development, Hon. Dr. Ruth Nankabirwa Ssentamu, Dr. Sarah Wasagali Kanaabi Chairperson , ERA states that last year, Ministry of Energy and Mineral Development launched the National Energy Policy 2023.
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Uganda Development Bank is participating in the Financial Symposium, a gathering of key stakeholders to discuss financing options for Uganda's manufacturing sector.
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#UMAFinancialExpo
We are grateful to the government of Uganda and Uganda Development Bank Ltd for the support and encouragement we have received from them as Xasbo Group.
Mr.Alobo David, CEO Xasbo Group.
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Cheers to the hardworking souls who make dreams a reality. Happy Labour Day, everyone! 💪✨
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#LabourDay2024
The training at NALI is designed to build patriotism among Ugandans, as well as an avenue to mentor resilient leaders who will support the country towards achieving growth through the stewardship of the various individuals.
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Xsabo Group is contributing constructively to securing a better future for current and future generations by powering development as a way to pave a path for the people of Africa out of poverty. Xsabo CEO, Alobo David.
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