{"id":12506,"date":"2025-04-17T10:30:22","date_gmt":"2025-04-17T10:30:22","guid":{"rendered":"https:\/\/adfi-ci.org\/?p=12506"},"modified":"2025-04-17T10:30:33","modified_gmt":"2025-04-17T10:30:33","slug":"udb-launches-rise-program","status":"publish","type":"post","link":"https:\/\/adfi-ci.org\/fr\/udb-launches-rise-program\/","title":{"rendered":"UDB launches RISE program"},"content":{"rendered":"<p class=\"\">By Ronald Ssemagonja<\/p>\n\n\n\n<p class=\"\">The Minister of Science, Technology and Innovation, Hon. Monica Musenero, has urged innovators to seize the opportunities provided by Uganda Development Bank (UDB) to realise their dreams. She made these remarks during the launch of the Reshaping Industries for a Sustainable Economy (RISE) programme at Serena Hotel, Kampala.<\/p>\n\n\n\n<p class=\"\">\u201cThis programme provides an opportunity for businesspeople and young innovators to fulfil their dreams. I am delighted because those who have submitted their proposals now have a chance to secure funding,\u201d she said.<\/p>\n\n\n\n<p class=\"\">Reflecting on industrial revolutions, the minister noted that early adoption of emerging technologies is crucial for sparking economic growth. \u201cOur National Development Plan IV aims to achieve a qualitative leap in transforming our economy through science and innovation, targeting 16% annual growth by 2040. Economists call it wishful thinking, but it\u2019s a calculated strategy. After today\u2019s keynote, I am convinced it is possible.<\/p>\n\n\n\n<p class=\"\">\u201cWe can no longer settle for 5% growth. Young industries are eager to emerge, but banks struggle to understand them. Science is magic backed by evidence\u2014look at it, even if it challenges what you believe. As minister, I am fully committed to this transformation, relentlessly advocating for change. Regulators must adapt, or banks will hesitate to finance innovation under outdated policies,\u201d she emphasised.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.radiocomnetu.org\/tigerfm\/wp-content\/uploads\/sites\/20\/2025\/03\/mus.jpeg?ssl=1\" alt=\"\" class=\"wp-image-1455\"\/><figcaption class=\"wp-element-caption\">Minister of Science, Technology and innovation, Monica Musenero.<\/figcaption><\/figure>\n\n\n\n<p class=\"\">Meanwhile, the Managing Director of UDB, Patricia Ojangole, revealed that under the programme, the bank will deploy its loans, advances, and investment portfolio by leveraging science and technology. This will revolutionise business models, drive innovation in the economy, and foster both corporate and start-up entrepreneurship to accelerate socio-economic transformation in an environmentally and climate-friendly manner.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.radiocomnetu.org\/tigerfm\/wp-content\/uploads\/sites\/20\/2025\/03\/udb-director-1.jpeg?ssl=1\" alt=\"\" class=\"wp-image-1456\"\/><figcaption class=\"wp-element-caption\">UDB managing director, Patricia Adongo Ojangole.<\/figcaption><\/figure>\n\n\n\n<p class=\"\">\u201cCreating a more sustainable future requires a collective effort from all stakeholders, with financing serving as a key lever to drive sustainable outcomes. RISE presents a unique opportunity for UDB and other stakeholders to incentivise this transition by committing to lend to, invest in, and insure businesses that effectively manage their environmental risks and impacts,\u201d she noted.<\/p>\n\n\n\n<p class=\"\">Additionally, the Chief Executive Officer and Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions, Mr Arshad Rab, stated that while there is broad consensus on the need for sustainable development, nations must take deliberate steps to turn these aspirations into reality. \u201cThe private sector will play a crucial role in redefining business practices, supporting the transition from exploiting nature to restoring it,\u201d he said.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.radiocomnetu.org\/tigerfm\/wp-content\/uploads\/sites\/20\/2025\/03\/ceo-rise-1.jpeg?ssl=1\" alt=\"\" class=\"wp-image-1458\" style=\"width:535px;height:auto\"\/><figcaption class=\"wp-element-caption\">CEO of the council Mr. Arshad Rab.<\/figcaption><\/figure>\n\n\n\n<p class=\"\">The Reshaping Industries for a Sustainable Economy (RISE) Programme offers a groundbreaking solution to tackle modern-day challenges, diversify the economy, and establish high-tech, high-value-added, high-income, and truly green businesses and projects. It focuses on developing a sustainable local industrial base through collective efforts. The programme is dedicated to creating and funding transformative businesses and projects that have the potential to change the world.<\/p>\n\n\n\n<p class=\"\">Source:<a href=\"https:\/\/www.radiocomnetu.org\/tigerfm\/2025\/03\/20\/1453\/\" title=\"\"> Tiger FM<\/a><\/p>\n\n\n\n<style type=\"text\/css\">\n.img-box {\n    text-align: center;\n    background-color: #222;\n    display: none;\n}\n.wp-block-file a.wp-block-file__button {\n    text-decoration: none;\n    display: table;\n    line-height: 1.8;\n    font-size: 0.88889em;\n    font-weight: bold;\n    background-color: #0073aa;\n    border-radius: 5px;\n}\n<\/style>\n\n\n\n<p class=\"\"><\/p>","protected":false},"excerpt":{"rendered":"<p>By Ronald Ssemagonja The Minister of Science, Technology and Innovation, Hon. Monica Musenero, has urged innovators to seize the opportunities provided by Uganda Development Bank (UDB) to realise their dreams. She made these remarks during the launch of the Reshaping Industries for a Sustainable Economy (RISE) programme at Serena Hotel, Kampala. \u201cThis programme provides an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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href=\"https:\/\/adfi-ci.org\/fr\/category\/members-news\/\" rel=\"category tag\">Members News<\/a>","rttpg_excerpt":"By Ronald Ssemagonja The Minister of Science, Technology and Innovation, Hon. Monica Musenero, has urged innovators to seize the opportunities provided by Uganda Development Bank (UDB) to realise their dreams. She made these remarks during the launch of the Reshaping Industries for a Sustainable Economy (RISE) programme at Serena Hotel, Kampala. \u201cThis programme provides an\u2026","_links":{"self":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts\/12506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/comments?post=12506"}],"version-history":[{"count":2,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts\/12506\/revisions"}],"predecessor-version":[{"id":12509,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts\/12506\/revisions\/12509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/media\/12507"}],"wp:attachment":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/media?parent=12506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/categories?post=12506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/tags?post=12506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}