Browsing: @patricia Ojangole

ABIDJAN, Côte d’Ivoire | May 29, 2025 — In a defining moment for Uganda’s banking sector, Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB), has been named Africa’s Banker of the Year at the 19th African Banker Awards held in Côte d’Ivoire.
Her recognition comes as a testament to over a decade of visionary leadership, during which she turned UDB into a powerhouse of inclusive finance and private sector growth. With UDB’s balance sheet having grown tenfold under her stewardship, and its reach extending into underserved communities, Ojangole’s win signals a rising era of African women leaders shaping the continent’s financial future.
“This is a testament of hard work, resilience, consistency and commitment to serve the region,” said Ojangole in her acceptance speech.

In 2023, Uganda Development Bank (UDB) played a critical role in creating over 51,000 jobs, with the agriculture sector leading the way. However, while employment rose, wage disparities continue to challenge workers, especially in primary agriculture, where many remain below the poverty line. UDB’s investments also spurred a 60% increase in direct tax revenue, highlighting its significant contribution to Uganda’s economic growth.