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Tag Archives: DFCU

COSASE report: Crane bank closure was illegal

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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Juma Kisaame officially leaves dfcu bank

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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Teso Minister Akiror finally records statement

  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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Dfcu gets US$30m for SME

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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Conflict of interest cited in Global Trust Bank sale

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has cited possibility of conflict of interest in the sale of Global Trust Bank to DFCU. The committee in Friday continued its investigation into a decision by Bank of Uganda (BoU) to sale the Bank …

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