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Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Landmark USD 30 Million Disbursement to Uganda Development Bank Limited to Boost Economic Growth

This landmark transaction paves the way for future collaborations between ICD and local financial institutions in Uganda

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 ICD’s first Line of Finance transaction in Uganda and…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and Afreximbank
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and Afreximbank

The line of finance facilities aim at fostering economic growth and development in Uganda and across the common member countries of ICD and Afreximbank

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) signed two significant Letters of Intent for a total of USD 150 Million Line of Finance facilities  with Uganda Development Bank Limited (“UDBL”) and the African Export–Import Bank (“Afreximbank”). The line of finance facilities aim at fostering economic growth and…