UDB launches Eastern regional offices


Uganda Development Bank (UDB), the country’s Development Finance Institution (DFI), has officially launched a regional office in Mbale City to better serve the Eastern region of Uganda.

Located at Plot 1, Masaba Road in Mbale City, the New 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. The office will enhance UDB’s 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.

Speaking during the launching ceremony, Dr. Patricia Ojangole, Managing Director of Uganda Development Bank, disclosed that “Establishing this regional presence will reinforce the Bank’s mandate as Uganda’s National Development Finance Institution and improve their ability to unlock investment opportunities across the country”,   

Mbale District Chairperson Muhammad Mafabi and other guests during a guided tour of the UDB Mbale Regional Office

She further said In line with the Bank’s 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.



UDB Managing Director, Dr. Patricia Ojangole, speaks during the launch event


Meanwhile, the Mbale District Chairperson, Mr. Muhammad Mafabi, revealed that UDB’s expansion to Eastern Uganda is a significant milestone towards enabling Mbale and other areas in the region to realize socio-economic transformation.

Mr. Mafabi noted that Eastern Uganda predominantly relies on agriculture for a livelihood, with coffee as the main cash crop; therefore, 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, making much of the crop being sold at low-value or semi-processed,”  

 Previously, UDB operated with three offices located in Kampala, Gulu, and Hoima. Aimed at enhancing efficiency and deepening financial inclusion nationwide, Today the Bank aims to establish three additional regional offices strategically placed in Mbale (Eastern Uganda), Arua (West Nile), and Mbarara (Western Uganda).

For the year 2025, UDB’s total assets grew by 24% to close at Ugx2.28 trillion from Ugx1.75 trillion at the end of 2024. This growth was supported by new funding to the bank amounting to Ugx438 billion, composed of drawdowns from various lines of credit and capital contributions from the Government of Uganda.

In 2025, the bank approved 120 projects that are projected to create 33,610 jobs - mainly for the youths - when fully implemented. These projects are projected to also generate an additional Ugx5.2 trillion in output value, Ugx2.76 trillion in profits, approx. Ugx 918.7 billion in corporation tax, and Ugx2.79 trillion in foreign exchange.


Some of the business representatives who attended the launch event




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