As part of its Covid-19 response program, Uganda Development Bank (UDB) has just issued a call for applications for priority lending to selected sectors at not more than 12 percent interest. These include: food & beverages, textiles, clothing, leather & footwear (hides & skin), paper and publishing, packaging and wrapping materials, chemical & industrial products, timber, woodworks & furniture manufacturing, construction materials, pharmaceutical products, human & animal drugs manufacture and electricals. In this interview with CEO East Africa Magazine, Patricia Adong Ojangole, the Bank’s Managing Director shares more details on who qualifies and how to apply for the facility.
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