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UDB secures Shs100 billion Islamic financing to boost Ugandan SMEs

The Uganda Development Bank Limited (UDBL) has secured a USD 30 million (UGX 104 billion) financing facility from the Islamic Corporation for the Development of the Private Sector (ICD), marking the institution’s first-ever Line of Finance in Uganda and East Africa. The facility, structured under a long-term Commodity Murabaha arrangement, will expand access to medium- […]

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