KYANKWANZI : The Prime Minister of the Republic of Uganda, Rt. Hon. Robinah Nabbanja, has reaffirmed Government’s commitment to strengthening the capital base of Uganda Development Bank (UDB) to enable the Bank effectively deliver on its mandate of accelerating Uganda’s socio-economic transformation.
The Prime Minister made the remarks while officiating at the pass-out ceremony for UDB staff who completed a refresher training in patriotic and transformative leadership at the National Leadership Institute (NALI), Kyankwanzi.
“As you are aware, Government allocated an additional UGX 1 trillion to UDB in the current financial year. We recognise the need to further expand the Bank’s loan portfolio and remain committed to strengthening its capital base so that it can fully deliver on its mandate,” Rt. Hon. Nabbanja said.
She added that through institutions such as UDB, Government seeks to build a strong class of Ugandan entrepreneurs capable of driving sustainable socio-economic transformation.
“I commend UDB for prioritising this training for its staff. This commitment reflects your appreciation of the importance of nurturing leaders who are grounded in the values and vision that guide our country,” she said.
The Prime Minister further 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 deepening ideological clarity, strengthening national consciousness, and enhancing leadership capacity to support effective delivery of UDB’s mandate of financing Uganda’s long-term socio-economic transformation in line with national development priorities.
Speaking at the ceremony, UDB Managing Director, Dr. Patricia Ojangole, said the training provided staff with critical insights that have strengthened their understanding of the Bank’s mandate and its role in advancing national development.
“The skills and knowledge acquired at NALI have reinvigorated our team as we implement UDB’s new five-year business strategy, which places greater emphasis on structuring, transaction advisory, and crowding in development finance from both local and international sources,” Dr. Ojangole said.
She added that the training enhanced staff understanding of Uganda’s strategic position in the global order and the country’s economic interests.
“UDB remains committed to providing the right financial instruments and products to strengthen Uganda’s participation and competitiveness in the global economy, while supporting the private sector to grow and remain resilient amid volatile global dynamics,” Dr. Ojangole noted.
The training comes at a time when UDB is in its second year of implementing a new five-year business strategy anchored on expanding its role in structuring, transaction advisory, and mobilising development finance to support investments across the country.
The Director of NALI Kyankwanzi, Col. Okei Rukogota, applauded UDB’s leadership for its commitment to ideological grounding and institutional cohesion.
“It is rare to see an institution bring all its staff together for ideological regeneration. We commend UDB’s leadership for this exemplary commitment,” Col. Rukogota said.
The week-long training covered areas including ideological and political education, national development priorities, the role of financial institutions in building a competitive economy, national security considerations, Uganda’s strategic positioning in the global order, and transformative methods of work.
