{"id":15104,"date":"2026-05-04T18:43:33","date_gmt":"2026-05-04T18:43:33","guid":{"rendered":"https:\/\/adfi-ci.org\/?p=15104"},"modified":"2026-05-04T18:43:38","modified_gmt":"2026-05-04T18:43:38","slug":"udb-launches-eastern-regional-office-in-mbale-city","status":"publish","type":"post","link":"https:\/\/adfi-ci.org\/fr\/udb-launches-eastern-regional-office-in-mbale-city\/","title":{"rendered":"UDB Launches\u00a0Eastern\u00a0Regional Office in\u00a0Mbale\u00a0City"},"content":{"rendered":"

Source\u00a0: UDB<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Left to Right: Local Members of Parliament and the Mbale district chairperson pose for a photo with members of the UDB management team during the ceremonial launch of the office<\/em> <\/p>\n\n\n\n

Uganda Development Bank (UDB) has officially launched a regional office in Mbale City to better serve the Eastern region of Uganda.  <\/p>\n\n\n\n

The Eastern Regional Office will act as a liaison point for the sub-regions that constitute the Eastern region, including Elgon, Teso, Bukedi, Busoga and Karamoja.  <\/p>\n\n\n\n

The office will enhance UDB\u2019s capabilities in addressing both the financial and non-financial needs of the local business community, thereby promoting financial inclusion and equitable economic development in the Eastern region. <\/p>\n\n\n\n

\u201cEstablishing this regional presence reinforces the Bank\u2019s mandate as Uganda\u2019s National Development Finance Institution and improves our ability to unlock investment opportunities across the country,\u201d said Dr. Patricia Ojangole, Managing Director of UDB, during the launch ceremony held on Tuesday, March 31.  <\/p>\n\n\n\n

\u201cEastern Uganda presents immense economic potential and UDB sees opportunities to enhance production and productivity in key agriculture value chains, development of rail transport to enhance connectivity and facilitate movement of cargo and goods, as well as diversifying tourism opportunities,\u201d Dr. Ojangole added. <\/p>\n\n\n\n

In line with the Bank\u2019s mission to accelerate socio-economic development in Uganda through sustainable financial initiatives, the office will support projects within the private sector that have the potential to deliver significant socio-economic benefits in the areas of primary agriculture, industry (including agro-industrialization, manufacturing, knowledge-based industries, and extractives), services (such as health, tourism and hospitality, education, and technology), and infrastructure. <\/p>\n\n\n\n

Speaking at the launch, Muhammad Mafabi, the Mbale District Chairperson, explained that UDB\u2019s expansion to Eastern Uganda is a significant milestone towards enabling Mbale and other areas in the region, to realize socioeconomic transformation. <\/p>\n\n\n\n

\u201cEastern Uganda predominantly relies on agriculture for a livelihood, with coffee as the main cash crop. The region has a high density of organized farmer groups and cooperative societies that facilitate bulk marketing, input access, and technical support. However, limited access to modern pulping and washing stations results in inconsistent coffee bean quality, with much of the crop sold as low-value or semi-processed,\u201d Mafabi noted. <\/p>\n\n\n\n

\u201cThe establishment of UDB\u2019s Eastern Regional Office presents an opportunity for farmer groups to access not just affordable capital affordable credit for inputs, mechanization, and expansion, but also non-financial services that can help them improve their farming techniques, business management, and acquire financial literacy.\u201d <\/p>\n\n\n\n

He also urged manufacturers, often inhibited by lack of affordable patient capital, to utilize UDB\u2019s loan tenors of up to 15 years in order to boost their working capital, acquire machinery or even expand their operations. He also called upon the business community to ensure that funds secured from UDB are used productively and repaid promptly, so that other qualifying Ugandan enterprises can also benefit. <\/p>\n\n\n\n

Previously, UDB operated with three offices located in Kampala, Gulu and Hoima. To enhance efficiency and deepen financial inclusion nationwide, the Bank is establishing three additional regional offices strategically placed in Mbale (Eastern Uganda), Arua (West Nile), and Mbarara (Western Uganda). <\/p>\n\n\n\n

For the year 2025, UDB\u2019s total assets grew by 24%<\/strong> to close at USD 614.7 million <\/strong>from USD 471.8 million at the end of 2024. This growth was supported by new funding to the bank amounting to USD 1.1 million<\/strong>, composed of drawdowns from various lines of credit and capital contributions from the Government of Uganda. <\/p>\n\n\n\n

In 2025, the bank approved 120 projects that are projected to create 33,610 jobs <\/strong>– mainly for the youths – when fully implemented. These projects are projected to also generate an additional USD 1.4 billion<\/strong> in output value, USD 744.1 million in<\/strong> profits, approx. Ugx 918.7 billion USD 2.4 million <\/strong>in corporation tax, and USD 752.2 million<\/strong> in foreign exchange. <\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

Source\u00a0: UDB Left to Right: Local Members of Parliament and the Mbale district chairperson pose for a photo with members of the UDB management team during the ceremonial launch of the office  Uganda Development Bank (UDB) has officially launched a regional office in Mbale City to better serve the Eastern region of Uganda.   The Eastern Regional Office will act as a liaison 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in Mbale City to better serve the Eastern region of Uganda.   The Eastern Regional Office will act as a 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