Tag: Uganda Development Bank (UDB)

The kidnappers held her captive for nearly three weeks, demanding up to $1 million before accepting about $200,000 (approximately UGX 700 million). During her captivity, they cut off two of her fingers and sent them alongside a video of her pleading for help to pressure her family into paying the ransom.
Akena referred to historical statements by President Museveni acknowledging the destruction of food supplies and the destitution of about 2.7 million people during that period. He argued that the loss of cattle deprived communities of daily nutrition, household income, school fees, draft power, and soil fertility, leaving effects that continue to be felt today.

Uganda Aims for Tenfold Economic Growth, Targets USD 500...

The Government of Uganda has defended its economic performance and unveiled bold new growth ambitions, setting its sights on...

Uganda Secures $150M from BADEA to Boost Small Businesses...

Uganda’s micro, small, and medium enterprises (MSMEs) the backbone of the country’s economy are set to receive a major...

President Museveni to Bailout Ndere Cultural Center

The Minister for ICT and National Guidance, Chris Baryomunsi has revealed plans by President Museveni to secure the revival of Ndere cultural center, that is shrinking in debt.

UDB Issues Ugx 150Bn Grant to Boost Development

Uganda Development Bank (UDB) in partnership with local contractors has issued a grant of Ugx 150Bn to boost infrastructural...

SECURITY, WEALTH CREATION TOP ON GOVERNMENT’S PRIORITIES FOR THE...

The government has released a list of priorities that it will vigorously implement in the next financial year, 2023-2024. While...

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