KYANKWANZI — The Prime Minister, Rt. Hon. Robinah Nabbanja, has reaffirmed the government’s commitment to strengthening the capital base of the Uganda Development Bank (UDB) to enable it effectively deliver on its mandate of accelerating Uganda’s socio-economic transformation.
Ms Nabbanja made the remarks on Friday while officiating at a pass-out ceremony for UDB staff who completed a refresher course in patriotic and transformative leadership at the National Leadership Institute (NALI), Kyankwanzi.
She noted that the government had allocated an additional Shs1 trillion to UDB in the current financial year, underscoring the need to further expand the bank’s loan portfolio.
“We recognise the need to further strengthen UDB’s capital base so that it can fully deliver on its mandate,” the Prime Minister said, adding that institutions like UDB are central to building a strong class of Ugandan entrepreneurs to drive national transformation.
Ms Nabbanja described UDB as a strategic institution in the implementation of the government’s Tenfold Growth Strategy, the Fourth National Development Plan (NDP IV) and Vision 2040, and commended the bank for prioritising leadership and ideological training for its staff.
She also acknowledged UDB’s growing socio-economic impact, citing job creation, increased tax revenues, foreign exchange generation and improved enterprise profitability.
The training programme focused on strengthening ideological clarity, national consciousness and leadership capacity to enhance the delivery of UDB’s long-term development financing mandate in line with national priorities.
UDB Managing Director, Dr Patricia Ojangole, said the training had sharpened staff understanding of the bank’s role in advancing Uganda’s transformation agenda, particularly as UDB implements its new five-year business strategy.
“The programme has reinvigorated our team as we place greater emphasis on structuring, transaction advisory and crowding in development finance from both local and international sources,” Dr Ojangole said, adding that the bank remains committed to supporting private sector growth and resilience amid global economic uncertainties.
The Director of NALI Kyankwanzi, Col. Okei Rukogota, praised UDB leadership for prioritising ideological grounding and institutional cohesion, describing the initiative as exemplary.
The week-long training covered national development priorities, the role of ideology and political education, financial institutions’ contribution to competitiveness, national security considerations, Uganda’s global positioning and transformative work methods.
