Govt Commits Shs 1tn to UDB Capital

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The government committed to further capitalizing the Uganda Development Bank (UDG) by allocating an additional Shs1 trillion in the current financial year to expand lending to priority sectors. Prime Minister Robinah Nabbanja said stronger capitalization will support Uganda’s Ten-Fold Growth Strategy, NDP IV, and Vision 2040. She spoke after leadership training for UDB staff, citing the bank’s growing impact on jobs, tax revenue, and enterprise productivity.