Uganda: SME’s to benefit from $20m African Development Bank loan

The African Development Bank (AfDB) has approved a $20 million loan to the Uganda Development Bank Limited (UDBL), comprising of a 10-year $15 million Sovereign Guaranteed Line of Credit for on-lending to projects in various sectors and a $5 million Non-Sovereign Line of Credit to support a financing programme for SMEs.

The transaction will give UDBL leverage to provide long term funding to deserving customers and industries where long tenured funds are scarce due to the perceived risk profile of SMEs.

Full article: ESI Africa



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