Executives hope that the future is bright as listed entities post profits Kampala, Uganda | JULIUS BUSINGE | Companies trading on the Uganda Securities Exchange have opened the New Year with poor performance. Umeme, Quality Chemical Industries Limited (CQCIL) shares have fallen below the Initial Public Offering (IPO) price. This …
Read More »dfcu’s new solution to the housing deficit
dfcu bank is one of the top financial institutions in Uganda offering home loans. Barbara Asiimwe has worked with the bank for close to 8 years, and currently heads its home unit. She spoke to The Independent’s Julius Businge about this topic. What is your general assessment about the …
Read More »Banks, telecoms battle for digital accolade
They are not only in business to compete and attract customers in their line of business, but are also warming up to compete for Uganda’s Digital Brand of the Year award for 2019 organised by an entity dubbed HiPipo. Kampala, Uganda | JULIUS BUSINGE | The two leading telecom firms …
Read More »Behind Sudhir win
Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …
Read More »dfcu driving commodity finance
Godfrey Mundua is dfcu bank’s head of corporate banking that handles one big segment in the institution called commodity financing. He spoke to The Independent’s Julius Businge about the opportunities this line of credit is offering. What is commodity structured finance all about? Structured commodity finance is a specialised way …
Read More »Crane Bank ‘ghosts’ haunts dfcu
The lender has recorded a drop in profits again Kampala, Uganda | ISAAC KHISA | Did dfcu mess up its growth trajectory with the acquisition of Crane Bank assets? How can it evolve to make more money for the shareholders? dfcu management seems to be grappling with these questions following …
Read More »Empowering women in business
dfcu, one of Uganda’s largest banks by assets has been running a Women in Business initiative/programme since 2007. The Independent’s Julius Businge spoke to Victoria Byenkya, the Manager for the programme on how it is empowering women to succeed in business. Briefly share the overview of the initiative? The …
Read More »Ugandan banks post record profit in 2018
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, …
Read More »Behind dfcu’s 52% decline in net profit
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 …
Read More »dfcu launches asset financing promo
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 …
Read More »