Uganda Development Bank to Raise $500 Million from International Markets for Key Sector Development
The state-owned Uganda Development Bank (UDB) plans to raise $500 million in debt from international capital markets over four years. This initiative aims to boost lending to critical sectors such as mining, energy, and manufacturing, with the first tranche of $100 million to $150 million expected as early as next year. The move is part of Uganda's broader economic development strategy.