/Investor DB

Uganda Development Bank

Government fund

Kampala · Seed–Growth · 14 people tracked

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Investment thesis

As Uganda's national Development Finance Institution, UDB is mandated to accelerate the country's socio-economic development through sustainable financial interventions. It supports private-sector projects that demonstrate both financial viability and high socio-economic impact, measured through job creation, improved production output, tax contributions, and foreign exchange generation. The Bank offers financial and non-financial solutions, including Transaction and Enterprise Support Services and specialized interventions targeting priority sectors of the economy. UDB emphasizes good corporate governance and a zero-tolerance stance toward fraud and corruption, aiming to deliver tangible development outcomes across Uganda.

Source: firm website, verified Sep 27, 2026.

Stage
Seed–Growth
HQ
Kampala, UG
Instruments
Equity · Debt

Team · 14 people

from the firm's website & curated
Patricia Adongo Ojangole· Managing Director
Denis Ochieng· Director Finance and Business Operations
Francis Mwesigye· Director, Economic Research & Knowledge Management / Chief Economist
Mahamoud Andama· Director Investments

Holds FCCA and MBA qualifications and leads the bank's investments function.

Sophie Nakandi· Company Secretary
Stephen Hamya· Chief Internal Auditorin

Frequently asked questions

What stage does Uganda Development Bank invest at?
Uganda Development Bank invests at the Seed, Series A, Series B, Series C, Growth stages.
What sectors does Uganda Development Bank focus on?
Uganda Development Bank focuses on Advanced Manufacturing, AgTech, EdTech, FoodTech, Healthtech, Impact & Social Good, Travel & Hospitality.
Where is Uganda Development Bank located?
Uganda Development Bank is headquartered in Kampala, UG.

Media · Podcasts & interviews

from their channel

UDB SUPPLIERS FORUM 2026

Uganda Development Bank Limited

UDB Webinar; Impact of the US-Israel-Iran conflict on Uganda's Economy

Uganda Development Bank Limited

Inside the RISE Agrifood Mission

Uganda Development Bank Limited

Celebrating Partners In Development | Tropical Honey Ltd

Uganda Development Bank Limited

RISE Multi-Stakeholder Forum | Shaping Uganda's High-Tech Future | Day 3

Uganda Development Bank Limited

Day One Highlights: The RISE Uganda Multi-Stakeholder Forum

Uganda Development Bank Limited

Images

Uganda Development Bank photoUganda Development Bank photoUganda Development Bank photoUganda Development Bank photoUganda Development Bank photoUganda Development Bank photo

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