Kampala, Uganda | Uganda Development Bank (UDB) has reaffirmed its commitment to sustainable development by announcing its role as the lead sponsor of the Ugandan Pavilion at the upcoming United Nations Climate Change Conference (COP30), scheduled for November 10–21 in Belém, Brazil. The pavilion will serve as the focal point for all of Uganda’s engagements during the global summit.
The announcement was made during the pre-COP30 National Forum at Silver Springs Hotel in Bugolobi, jointly organized by UDB and the Ministry of Water and Environment on November 5. During the event, UDB signed a Memorandum of Understanding to formalize its partnership in promoting climate-aligned investment opportunities in renewable energy, climate-smart agriculture, sustainable infrastructure, and green manufacturing.
This marks the third consecutive year UDB will participate in the UN Climate Conference, reflecting its ongoing efforts to attract green financing and strengthen partnerships that drive Uganda’s low-carbon growth. The Bank plans to showcase flagship projects and host high-level discussions on sustainable energy, waste management, and climate-resilient agriculture key areas critical to Uganda’s climate agenda.
UDB Managing Director Patricia Ojangole noted that the Bank aims to bridge Uganda’s green financing gap by mobilizing funds, managing risks, and offering affordable green financial products. She emphasized that COP30 presents a unique opportunity for Uganda to position itself as a hub for climate investment in Africa.
According to Uganda’s Climate Change Policy, the country needs about USD 194.5 million annually over the next 15 years to effectively tackle climate challenges. To address this, UDB is spearheading the Climate Finance Facility (CFF), which seeks to channel resources into green sectors and accelerate sustainable transformation.
By presenting bankable projects and engaging with global partners at COP30, UDB hopes to secure vital funding for implementation. One of its key focus areas will be promoting clean energy and e-mobility through partnerships that foster innovation and sustainability.
Uganda’s previous participation in climate summits has already yielded significant results. After COP29 in Baku, UDB structured new projects in renewable energy, e-transport, and agricultural resilience, building a green funding pipeline exceeding USD 100 million. The Bank continues to strengthen collaborations with major climate financiers, including the Green Climate Fund and the Adaptation Fund, reinforcing Uganda’s path toward a greener future.