02/10/2025
Landmark USD 30 Million Disbursement to Uganda Development Bank Limited to Boost Economic Growth
Download logo The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org/), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a USD 30 Mn financing facility to Uganda Development Bank Limited (UDBL) in Uganda. This strategic facility marks ICDrsquo;s first Line of Finance transaction in Uganda and the broader East Africa region, representing a significant milestone in its efforts to support private sector development across its member countries in Sub Saharan Africa. ICDrsquo;s funding, structured under a long-term Commodity Murabaha, is expected to empower local Small and Medium...
