‘Uganda Development Bank prepared to float on its own’

Mr John Baptist Malinzi harvests hot pepper from a garden at Katende Harambe Rural-Urban Training Centre in Namugongo, Wakiso District. Agriculture is a key sector that attracts financing from Uganda Development Bank. PHOTO BY ERONIE KAMUKAMA

What you need to know:

  • UDB has secured the approval of government to increase the latter’s capital contribution from Shs100 billion to Shs500 billion. Government was represented by the minister of Finance in the protracted discussions. Daily Monitor’s Eronie Kamukama spoke to Mr Martin Roy Lukwago, the head of treasury at UDB, and below are the excerpts:
  • Briefly tell us about Uganda Development Bank.
  • One of the things we are focused on doing as well is to support our customers but also being very vigilant on monitoring and evaluation because if we do not do this on the projects that we finance, we will not have a story to tell and we will not convince other people to come aboard.

Uganda Development Bank (UDB) is 100 per cent owned by the government. It was incorporated in 1972 and became a limited liability company in 2000.

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