Minister Musasizi to UDB: Turn Every Shilling Into Jobs and Growth

Government injects more capital into Uganda Development Bank

The government has approved additional capital for the Uganda Development Bank (UDB) as the bank reports that its financing activities contributed to the creation of at least 69,202 jobs during the last financial year.   The Minister of Finance, Planning and Economic Development, Henry Musasizi, said the government has authorised UDB to retain 3 billion shillings from the bank’s profit after tax for the 2024/2025 financial year and use it as add…

Minister Musasizi to UDB: Turn every shilling into jobs and growth

UDB reported Shs63.4 billion in profit after tax, Shs2.26 trillion in assets and Shs1.77 trillion in gross loans during the year. The bank disbursed Shs502.2 billion to 112,392 borrowers, with its interventions reportedly contributing to the creation of 69,202 jobs. The post Minister Musasizi to UDB: Turn every shilling into jobs and growth appeared first on The Source Reports.

UDB Posts Strong 2025 Performance, Disbursing Shs502bn to Create Over 69,000 Jobs

Kampala — Uganda Development Bank (UDB) disbursed Shs502.2 billion to private-sector enterprises in 2025, helping businesses create and sustain more than 69,000 jobs, as the state-owned development finance institution reported strong growth in assets, lending and profitability. The figures were released on Thursday during UDB’s Annual General Meeting held at the Ministry of Finance, Planning and Economic Development, where the bank reviewed its …