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Uganda Development Bank Limited
The Uganda Development Bank Limited (UDBL) is a government-owned development financial institution in Uganda. Overview UDBL which began operating in 1972, was the first development finance institution established by the government of Uganda. The main objective of UDBL is to promote and finance development in various sectors of the economy with particular emphasis on agriculture, industry, tourism, housing, and commerce. In June 2018, the government negotiated for a $20 million (USh 76 billion) loan from the African Development Bank to capitalize UDBL, primarily to lend to the agricultural sector for mechanization and value addition. As of December 2024, the bank's loan portfolio was valued at USh 1.67 trillion (US$457.2 million), with total assets of USh 1.71 trillion (US$468.1 million). History UBDL was established in 1972. The political leadership in Uganda changed in 1979, and UDBL was then able to obtain large credits from ext ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parastatal
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab Bank For Economic Development In Africa
The Arab Bank for Economic Development in Africa (BADEA) (Banque Arabe pour le Développement Economique en Afrique) (المصرف العربي للتنمية الاقتصادية في أفريقيا) is a development bank owned by Arab League to provide development financing to African countries. It was established pursuant to the resolution of the 6th Arab Summit Conference at Algiers on the 28 November 1973. The Bank was created for the purpose of strengthening economic, financial and technical cooperation between the Arab and African regions and for the embodiment of Arab-African solidarity. The Bank is an international financial institution enjoying full international legal status and complete autonomy in administrative and financial matters. It is governed by the provisions of its Establishing Agreement and the principles of international law. History The Bank began operations in March 1975. BADEA is a financial institution owned by eighteen Arab countries members of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Vision
The ''New Vision'' is a Ugandan English-language daily newspaper. It was established in its current form in 1986 by the Government of Uganda. It is the flagship newspaper of the state-owned Vision Group, a multimedia conglomerate. Along with its privately-owned competitor, the ''Daily Monitor'', the ''New Vision'' is one of the two largest national newspapers in Uganda. History The ''New Vision'' traces its origins to the colonial era. Its institutional predecessor, the ''Uganda Argus'', was founded in 1955 as a British colonial government publication. Following Uganda's independence in 1962, the government of President Milton Obote retained the ''Uganda Argus'' as its official paper. After the 1971 coup, the government of Idi Amin renamed the paper the ''Voice of Uganda''. When Amin was overthrown in 1979, the succeeding government named it the ''Uganda Times''. When the National Resistance Movement (NRM) came to power in 1986, the publication was rebranded as the ''New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the " Big Three credit rating agencies", along with Moody's and Standard & Poor's. History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 80 percent following expansions on an original acquisition of 20 percent interest in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mbarara
Mbarara City is a city in the Western Region, Uganda, Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Nyakayojo Division. It is the main commercial centre of most of south western districts of Uganda and the site of the district headquarters. In May 2019, the Uganda's cabinet granted Mbarara a city status, which started on 1 July 2020. The name of the municipality came from a colonial mispronunciation of Emburara (Hyperemia rufa), a tall grass that previously covered the whole area. Location Mbarara is an important transport hub, lying west of Masaka on the road to Kabale, near Lake Mburo National Park. This is about , by road, southwest of Kampala, Uganda's capital and oldest city. The coordinates of the Mbarara central business district are 00 36 48S, 30 39 30E (Latitude:-0.6132; Longitude:30.6582). The city lies at an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mbale
Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately northeast of Kampala, Uganda's capital city, on an all-weather tarmac highway. The city lies at an average elevation of above sea level. The coordinates of the city are 1°04'50.0"N, 34°10'30.0"E (Latitude:1.080556; Longitude:34.175000). The city is on the railway from Tororo to Pakwach. Mount Elgon, one of the highest peaks in East Africa, is approximately , north-east of Mbale, by road. Population According to the 2002 census, the population of Mbale was about 71,130. In 2010, the Uganda Bureau of Statistics (UBOS) estimated the population at 81,900. In 2011, UBOS estimated the mid-year population at 91,800. The 2014 population census put the population at 96,189. Twinning Mbale was formally linked with the town of Pontypridd, Wales through local and regional twinning ceremonie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hoima
Hoima is the second capital of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is located approximately northwest of Kampala, Uganda's largest city, on an all-weather tarmac highway, the Kampala–Hoima Road. The coordinates of Hoima City are 1°25'55.0"N 31°21'09.0"E (Latitude:1.431944; Longitude:31.352500). Population According to the 2002 national census, the population of Hoima was enumerated at 60,561. In August 2014, the national population census put Hoima's population at 100,099. In 2020, the Uganda Bureau of Statistics (UBOS) estimated the mid-year population of the city at 122,700. UBOS calculated the population growth of Hoima to average 3.54 percent annually between 2014 and 2020. Economic activity Between 2000 and 2009, a considerable amount of oil deposits, estimated at between 2.5 billion to 3.5 billion barrels, were discovered in Lak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulu
Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The city's distance from Kampala, Uganda's capital and largest city, is by road. Gulu is served by Gulu Airport. History During the British rule in the 19th and 20th centuries, Northern Uganda was less developed than the rest of the country. The people were conscripted into the army and the police, with many sent to fight in the First and Second World Wars. In the 1960s, many Sudanese, Rwandan and Congolese refugees settled in the city. The Lord's Resistance Army (LRA), under the leadership of Joseph Kony, sprung up in the 1990s after Auma/Lakwena went to Kenya. The LRA became increasingly violent in Gulu and surrounding communities. Up to 15,000 children, known as "night commuters", would flee into the city for safety every evening. In 1996, the Ugandan government ordered all civilians in n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arua
Arua is a city and commercial centre within the Arua District in the Northern Region, Uganda, Northern Region of Uganda. Location Arua is approximately north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west of Gulu, the largest city in Uganda's Northern Region. The geographical coordinates of the city of Arua are 03°02'07.0"N, 30°54'39.0"E (Latitude:3.035278; Longitude:30.910833). Arua sits at an average elevation of above sea level. Arua is closely bordered to the Democratic Republic of the Congo, Democratic Republic of Congo in the west and South Sudan in the north, which makes it a strategic location for business between Uganda and her two neighbors to the west and north. Due to its strategic location, Arua is also part of the refugee program of hosting up to 20% of the refugees entering Uganda annually. Overview Arua is an important base for non-governmental organizations working in the West Nile sub-region or serving Western Equa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Development Bank
The Islamic Development Bank (, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia. History It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation) with the support of the King of Saudi Arabia at the time ( Faisal), and began its activities on 3 April 1975. On 22 May 2013, IsDB tripled its authorized capital to $150 billion to better serve Muslims in member and non-member countries. The Bank has received credit ratings of AAA from Standard & Poor's, Moody's, and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital. The IDB is an observer at the United Nations General Assembly. Membership The present membership of the Bank consists of 57&nbs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Export-Import Bank
African or Africans may refer to: * Anything from or pertaining to the continent of Africa: ** People who are native to Africa, descendants of natives of Africa, or individuals who trace their ancestry to indigenous inhabitants of Africa *** List of ethnic groups of Africa *** Demographics of Africa *** African diaspora ** African, an adjective referring to something of, from, or related to the African Union ** Citizenship of the African Union ** Demographics of the African Union **Africanfuturism ** African art ** *** African jazz (other) ** African cuisine ** African culture ** African languages ** African music ** African Union ** African lion, a lion population in Africa Books and radio * ''The African'' (essay), a story by French author J. M. G. Le Clézio * ''The African'' (Conton novel), a novel by William Farquhar Conton * ''The African'' (Courlander novel), a novel by Harold Courlander * ''The Africans'' (radio program) Music * "African", a song by Peter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
