Uganda Development Bank (UDB) has commissioned its new 14-storey head office, UDB Tower, located at Plot 22, Hannington Road in Kampala. The new facility marks a major milestone in the bank's institutional growth and contribution to Uganda's long-term economic transformation. The purpose-built head office brings UDB's head-office operations into one modern, integrated facility designed to enhance operational efficiency, collaboration, innovation, and service delivery.
The commissioning of UDB Tower was officiated by Minister of Finance, Planning and Economic Development, Henry Musasizi, and the bank's shareholders. Musasizi stated that the commissioning reflects the government's commitment to building strong national institutions capable of supporting Uganda's development agenda. He emphasized that UDB plays a critical role in connecting development priorities with the capital and investment required to translate them into tangible economic opportunities for Ugandans.
Musasizi added that strengthening UDB's institutional capacity will enable the bank to play a greater catalytic role in supporting investments that expand Uganda's productive base, create jobs, grow exports, and contribute to higher household incomes. He noted that the UDB Tower is an investment in the institutional capacity Uganda requires to deliver its long-term development ambitions. The government expects UDB to continue leveraging its capital, expertise, and partnerships to crowd in greater levels of private and development finance into the Ugandan economy.
UDB Board Chairman, Geoffrey T. Kihuguru, said the new head office represents more than the growth of an institution. It represents UDB's continued investment in Uganda's capacity to finance its own development aspirations. Kihuguru emphasized that as the country pursues accelerated economic transformation, UDB must have the institutional strength, governance, talent, and infrastructure required to mobilize capital, support productive enterprises, and catalyze investments of national significance.
UDB Managing Director, Dr. Patricia Ojangole, said the commissioning of the Tower represents the culmination of an important phase in the bank's institutional transformation. She noted that the new facility creates a stronger platform for UDB's people, operations, and partnerships. Dr. Ojangole added that the bank's investment in its permanent home reflects a long-term approach to institutional sustainability and operational efficiency.
UDB Tower has been designed as a smart, resource-efficient, and environmentally conscious building. The building integrates technology to improve the management of energy, security, safety, and other critical building systems. A central Building Management System provides integrated monitoring and control of key electrical and mechanical infrastructure, enabling more efficient management of the building and its resources. The Tower incorporates a 25-kilowatt solar-power system to supplement grid electricity.
The new head office provides approximately 7,806 square meters of gross floor area across 14 floors, including two basement levels. The building incorporates modern workspaces, customer-service facilities, meeting and training rooms, an innovation room, Boardroom, and modern ICT infrastructure, supported by integrated security and fire-safety systems. These will be complemented by an auditorium and resource center that will position the bank as a thought leader.
Key points
- The Uganda Development Bank's new head office, UDB Tower, is designed to enhance operational efficiency, collaboration, innovation, and service delivery.
- The building incorporates smart building technologies, renewable energy, and climate-conscious design features, reflecting UDB's commitment to environmental responsibility and sustainable institutional operations.
- The commissioning of UDB Tower marks a major milestone in the bank's institutional growth and contribution to Uganda's long-term economic transformation.
