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Tag Archives: DFCU Bank

Solar energy capacity to reach 200MW next year

Kampala, Uganda |  THE INDEPENDENT |  Xsabo Group says they plan to build another three projects, which will bring the number to five plants with a total installed capacity of 150 MW, worth a total investment of 735 Billion Shillings. The company received funding for the Mubende project worth 63 …

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BoU starts liquidation and winding up of Crane Bank Ltd

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU) has the started process for complete closure of Crane Bank Limited, a move that will see the defunct lender’s chapter closed for good. The Central Bank as a liquidator issued a statement on Friday. A liquidator is an officer or entity …

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DFCU retains interest in former Crane Bank properties – BoU

Kampala, Uganda | THE INDEPENDENT | Dfcu bank remains the owner of the leasehold of the former Crane bank buildings it vacated, Bank of Uganda has said. The buildings, formerly hosting Crane bank branches but now being claimed by Meera Investments Limited, were taken over by Dfcu when it bought Crane …

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Danish Fund buys 10% shares in Dfcu

Kampala, Uganda | THE INDEPENDENT | Danish government-owned Investment Fund for Developing Countries (IFU) has bought 74 million shares (9.97%) in Dfcu bank, making it the second-largest shareholder after the Dutch-backed fund Arise B.V. The transaction, which saw London-headquartered CDC Group sell its stake, has been viewed as a vote …

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Court asked to dismiss Sudhir case against lawyers

Kampala, Uganda | THE INDEPENDENT | Ssebalu and Lule Advocates, a city law firm has asked the High Court to dismiss the application filled by Businessman Sudhir Ruparelia accusing the firm of conflict of interest. In 2017, Sudhir’s Company Crane Management Services sued DfCU Bank over rent arrears amounting to …

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Dfcu unveils new loan facility campaign

Kampala, Uganda | Julius Businge | Dfcu bank customers will, for a limited time access personal unsecured loans of up to Shs150 million at a competitive interest rate of 17.5% per annum, it said in a notice dated Feb.19. According to dfcu bank’s Head for Personal Banking, Miranda Bageine Musoke, …

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