Kampala: The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, has extended a financing facility of $30 million to the Uganda Development Bank Limited (UDBL) in Uganda.
According to Saudi Press Agency, this strategic facility represents ICD's first line of financing transaction in Uganda and the broader East African region. It marks a significant milestone in the ICD's efforts to support private sector development across all member countries in Sub-Saharan Africa.