{"id":485454,"date":"2025-10-03T00:20:37","date_gmt":"2025-10-03T00:20:37","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/?p=485454"},"modified":"2025-10-03T00:20:37","modified_gmt":"2025-10-03T00:20:37","slug":"landmark-usd-30-million-disbursement-to-uganda-development-bank-limited-to-boost-economic-growth","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/10\/03\/landmark-usd-30-million-disbursement-to-uganda-development-bank-limited-to-boost-economic-growth\/","title":{"rendered":"Landmark USD 30 Million Disbursement to\u00a0Uganda Development Bank\u00a0Limited\u00a0to Boost Economic Growth\u00a0"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><b><i><span data-contrast=\"auto\">Jeddah \u2013\u00a0Kampala,\u00a02 October 2025<\/span><\/i><\/b><i><span data-contrast=\"auto\">\u00a0<\/span><\/i><span data-contrast=\"auto\">\u2013 The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a\u00a0USD 30\u00a0Mn financing facility to\u00a0Uganda Development Bank Limited\u00a0(UDBL) in\u00a0Uganda.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This strategic facility\u00a0marks\u202fICD\u2019s first Line of Finance\u00a0transaction\u00a0in Uganda and the broader East Africa region,\u00a0representing\u00a0a significant milestone in its efforts to support private sector development across\u00a0its\u00a0member\u00a0countries in Sub Saharan Africa.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">ICD\u2019s funding, structured under a long-term Commodity Murabaha,\u00a0is\u00a0expected\u00a0to empower\u202flocal\u00a0Small and Medium Enterprises (SMEs)\u202fby enabling access to\u00a0medium- and\u00a0long-term\u00a0resources for\u202fproductive investments.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Uganda&#8217;s agribusiness,\u00a0education,\u00a0investment in fixed assets (including land, building, machinery, equipment)\u00a0manufacturing, and healthcare sectors are set to receive a major financial boost with this disbursement, driving tangible progress in economic growth, job creation, and sustainable development<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This landmark transaction\u00a0paves\u00a0the way\u00a0for future collaborations between ICD and local financial institutions in Uganda, reinforcing ICD\u2019s commitment to fostering inclusive and resilient private sector ecosystems in its member countries.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; 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