By Karim Were
Minister Amina Mukalazi joined Minister of State for Finance (General Duties) Henry Musasizi and Minister of State for Finance (Planning) Amos Lugoloobi in a strategic meeting with the leadership of Uganda Development Bank (UDB) to discuss the institution’s contribution to Uganda’s economic transformation.
The meeting focused on UDB’s mandate of financing development projects that promote industrialisation, investment, enterprise growth, and job creation across the country.
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The leaders reaffirmed their commitment, as government representatives and shareholders, to strengthening institutions that play a critical role in supporting Uganda’s long-term economic development. They emphasized the importance of a strong development finance institution in expanding access to capital for productive sectors and accelerating sustainable growth.
The discussions also explored ways of enhancing UDB’s capacity to finance businesses, stimulate industrial expansion, and create employment opportunities, particularly for enterprises that contribute to value addition and national development.
The engagement reflects the government’s continued focus on building resilient institutions capable of driving investment, supporting entrepreneurship, and advancing Uganda’s vision of inclusive and sustainable economic transformation.
