60 years of Independence: What UDB’s role has been in socio-economic development of Uganda

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By Bob Twinomugisha Uganda Development Bank (UDB) was established in 1972 by a presidential decree purposely to finance technically feasible, economically viable and socially desirable projects. Between 1973 and 1985, UDB financed 691 projects worth US$170 million with major investments in the industry, livestock, fish processing, tea, coffee, cotton, sugar, and cement sectors among others.