Top six banks registered collective net profit of Shs 620bn Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks surpassed investor expectations with 14 of the 15 banks that have published their financial performance results posting good profit margins in 2018, analysis by The Independent shows. Banks like Stanbic, Centenary, …
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Top managers are optimistic the future of the business is bright Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu would be happier if the bank’s financial accounts showed a decline in costs and increase in revenue. This is not the case for the financial year 2018. However, dfcu’s …
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Kampala, Uganda | THE INDEPENDENT | dfcu bank has partnered with MAC East Africa Limited and Insurance Company of East Africa to launch an asset financing campaign that will see customers purchase the latest Isuzu mu-X 2018 at a special offer price. Officials said on March 05 in Kampala …
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Kampala, Uganda | THE INDEPENDENT | The closure of Crane Bank by Bank of Uganda was illegal. This is according to a report by the committee on Commissions, Statutory Authorities and State Enterprises -COSASE. The report indicated that an analysis of the Bank’s liquidity from 1st January to 24th January …
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THE LAST WORD: How institutional independence allowed the central bank to indulge in gross mismanagement and incompetence THE LAST WORD | ANDREW M. MWENDA | Last week was the most shameful for Bank of Uganda. During hearings before the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) it …
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Kampala, Uganda | THE INDEPENDENT | Four years ago, Sandra Nakayenze set out to change the lives of women coffee farmers in the hills of Sironko district. The social, economic, religious and cultural hardships encountered by both young rural women and the girl child in her village compelled Nakayenze to form …
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Kampala, Uganda | THE INDEPENDENT | After twenty years of collective service with dfcu, Juma Kisaame has officially ended his career paving way for his successor Mathias Katamba to take over. The Speaker of Parliament Rebecca Kadaga who graced the send off dinner held at the Kampala Serena Hotel on …
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Kampala, Uganda | THE INDEPENDENT | Eighteen members of dfcu investment clubs are in the Kenyan Capital Nairobi on an all expense study tour that will build their capacity in effective and efficient management of clubs, the bank said in a Jan.28 notice. They were flagged off on Jan.27. This group …
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Kampala, Uganda | THE INDEPENDENT | The Teso Affairs Minister, Agnes Jaff Akiror has finally recorded a statement at Soroti Central Police Station in connection to the arrest of two money lenders at DFCU bank on her directives. The minister showed up at Soroti Central Police Station on Tuesday …
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Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …
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The Independent Uganda: You get the Truth we Pay the Price
