Business News

UDB shares development ideas with northern Uganda business community

Uganda Development Bank Limited (UDBL) in partnership with Operation Wealth Creation (OWC) conducted a business forum in northern Uganda days ago. Held at Watoto Church hall in Gulu city, the forum was aimed at addressing funding and other challenges that either impede private sector access to finance or constrain effective project formulation, implementation, and management.

The workshop was also geared towards promoting financial inclusion and ease access to credit for the investors including small holder farmers and SMEs in the priority sectors. Addressing guests at the forum, Patricia Ojangole, the Chief Executive Officer of Uganda Development Bank said the bank will contribute to industrialization and agriculture growth in the northern region and other areas of the country through loans to promote household income and wealth creation.

“As a business owner who wants to get financing from UDB, I encourage you to legalize your business by having all the necessary paperwork, including profiles of your Directors and URSB documentation,” Patricia Ojangole added.

Speaking at the same event, General Salim Saleh (Rtd), the Chief Coordinator of Operation Wealth Creation (OWC) reiterated the government’s commitment to empowering citizens to create wealth through promoting industrialization in the region. The event was attended by over 600 businessmen from Gulu, Lango and West Nile Region.

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