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UDB TO THE RESCUE: Government-owned development finance leader reports 52% growth in the lending portfolio for 2022

by Muhereza Kyamutetera
The Minister of State for Bunyoro Affairs, Hon. Jenepher Namuyangu (3rd R), The State Minister for Public Service. Hon. Grace Mary Mugasa (3rd L), Joshua Mwesigwa (2nd L), the UDB Director of Strategy & Corporate Affairs who represented The UDB Managing Director - Patricia Ojangole, The proprietor of Bwendero Dairy Farm, Magara John (2nd R) and other officials during the UDB Annual Press Briefing where the bank announced excellent results for 2022 reflecting strong investment in various businesses across the country. The event was held today (10th Feb, 2023) at Bwendero Dairy Farm in Hoima District.

At a time when post-Covid-19 private sector credit growth remains constrained with mild growth in a select few sectors, Uganda Development Bank (UDB) has reported a 52% gross loan portfolio…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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