Tag: Uganda Development Bank

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’s Shs530b BADEA Loan to Power Private Sector-Led Growth

Uganda’s latest $150 million financing deal with the Arab Bank for Economic Development in Africa (BADEA) marks more than...

Uganda’s Exports Surge by 12.1% in Q2 – PSST...

Uganda's export sector has experienced a significant boost in the second quarter of the financial year 2024/2025, registering an...

UDB Launches RISE Platform to Drive Sustainable Industrialization

Uganda Development Bank (UDB) has launched a lucrative digital economy platform to connect startups, SMEs, and large corporations with...

Gov’t Procures First Consignment of Test Kits from Local...

The government through the Ministry of Health has procured a first consignment of malaria testing kits from a locally...

Gov’t to Conduct Over 1.3 Million Electricity New Connections,...

The government of Uganda, with support from the World Bank, is set to kick-start the process to have a...

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