The Uganda Development Bank (UDB) LTD has received a global sustainable finance award for its financial sustainability activities.
The award was received by Ambassador of Uganda to Germany Marcel R. Tibaleka on behalf of UDB at a ceremony held in Karlshruhe, Germany.
The award aims to provide recognition to financial institutions that have successfully embedded economic, social and environmental sustainability into their organizational culture; and honour organizations that have made outstanding contributions in the field of sustainable finance among others.
The ceremony was held within the framework of the annual Global Sustainable Finance Conference.
The conference was co-hosted by European Union Strategy for Sustainable Development (EOSD) and Uganda Development Bank Ltd together with the long-time partners – the City of Karlsruhe, the Associations of Development Financing Institutions in Africa (AADFI), Asia and the Pacific (ADFIAP) and in member countries of the Islamic Development Bank (ADFIMI), and other allies.
Honourable Matia Kasaija, Minister of Finance, Planning and Economic Development gave opening remarks at the World Development Finance Forum and attended the ceremony through video-conference.
Lord Mayor of Karlsruhe Dr. Frank Mentrup congratulated Ambassador Tibaleka, the Government of Uganda on the Bank’s becoming a Sustainability-Certified Financial Institution.