Uganda Development Corporation (UDC) is an investment institution established as a wholly owned government entity with the mandate to facilitate the industrial and economic development of Uganda.

Established by the UDC Act Chapter 326 of 1952, Laws of Uganda, the mission of UDC is to make long-term investments in strategic sectors of the economy in order to stimulate industrial and economic development and thus spur private sector growth. This UDC will accomplish through investing in sectors of the economy which at times are not readily attractive to the private sector alone either due to high initial capital requirements, resource constraints or low returns in an immediate future and yet provide a strategic bridge that would foster private sector developments due to minimized risk.