Patricia Ojangole is the Managing Director at Uganda Development Bank Limited. She joined the Bank in August 2011 as the Chief Internal Auditor prior to being appointed Chief Executive Officer in December 2012. Over the years, she has positioned the Bank to be a trusted partner to the Government of Uganda in achieving its private sector led socio-economic growth aspirations.
She has been instrumental in leading the bank on a consistent growth trajectory and she is specifically credited for rebuilding stakeholder confidence in the Bank that has seen the Bank’s capital from both its shareholders, multilateral and bilateral partners grow, built public confidence in the Bank and making the bank a choice for development finance and long term affordable capital for investment projects in the country. This is built on a stronger brand that the Bank has achieved over the past few years. Patricia leads the development of the Bank’s strategy, ensuring continuously alignment to its mandate and oversees the implementation of the same. She is at the forefront of building global and local strategic partnerships for the Bank, and the Bank has realized great value from various strategic partnerships over the years.
Prior to Joining UDBL, Patricia was a Senior Manager of Internal Audit at Standard Bank Group, the largest private commercial Bank in the Country, a position she held for 10 years, often leading strategic audit activities in more than 10 African Countries that hosted Standard Bank’s subsidiaries. Her professional Internal Audit experience gave her an appreciation of Internal Controls, Risk Management and Governance practices, which has helped her ensure that the same are appreciated at all levels in UDBL.
In addition to being a member of the Board at Uganda Development Bank Ltd, she serves on the Boards of Msingi EA Ltd, The New Vision Group, START management Board and Busitema University Fund. In May 2019, she was elected the 1st Vice President of The Association of the Development Finance Institutions in Africa (AADFI) and she is a member of the Board of the Association of DFIs in member countries of the Islamic Development Bank (ADFIMI).
Currently undertaking her PhD studies with research interests in financial sector development, development finance, sustainable finance and national development finance institutions, Patricia holds a first-class Master of Philosophy in Development Finance degree from the University of Stellenbosch, South Africa. She also holds an Executive Master’s Degree in Business Administration from ESAMI, Tanzania. Patricia is a Fellow of the Association of the Certified Chartered Accountants (UK); Member of the Certified Public Accountants of Uganda (ICPAU), as well as member of The Institute of Internal Auditors Uganda (IIA).
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