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High Quality Content by WIKIPEDIA articles! Uganda Development Bank (UDB) is a government-owned development bank in Uganda. The bank is the first development finance institution established by the Government of Uganda. The bank began its operations in 1972. The main objective of UDB is to promote and finance development in various sectors of the economy with particular emphasis on agriculture, industry, tourism, housing and commerce. As of February 2009, it is estimated that the total asset valuation of Uganda Development Bank is approximately US$30 million.