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Government Allocates 1.6 Trillion Shillings to Uganda Development Bank

Editor by Editor
June 4, 2026
in News
Reading Time: 1 min read
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Reporting for Radio Ankole 99.3 FM here in Ntungamo, we bring you a significant update regarding national economic policy. President Yoweri Kaguta Museveni has officially announced that the Government of Uganda has successfully placed a substantial sum of 1.6 trillion Uganda shillings into the Uganda Development Bank. This major financial injection is specifically earmarked to provide critical support and robust funding for large-scale projects across the country. The initiative underscores the administration’s ongoing commitment to fostering industrial growth and strengthening the national economy through strategic capital investment.

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