Tag Archives: DFCU

Kampala, Uganda | THE INDEPEDENT | DFCU bank has become the 8th bank to receive a certificate from the insurance regulator, Insurance Regulatory Authority (IRA-U) to start selling insurance products at its 67 branches countrywide. This is backed by the Financial Institutions Amendment Act 2016. During the handover ceremony at IRA …

Kampala, Uganda | THE INDEPENDENT | On Dec.14, dfcu Bank in partnership with Price Waterhouse Coopers (PwC) and NTV Uganda rewarded Geneber Outspan Organic Farmers with Shs 25million after emerging as the overall winner of the nationwide campaign targeted at driving a savings and investment culture in Uganda. The campaign, which …

THIS WEEK: DFCU injects $2.8m in agribusiness training Kampala, Uganda | THE INDEPENDENT | Organized farmers have a reason to smile. For the next five years, Dfcu and Rabobank Foundation are injecting a combined US$ 2.8million in the Agribusiness Development Center (ADC) that will see farmers attain knowledge and skills …

Kampala, Uganda | THE INDEPENDENT | Top officials of DFCU Bank and Vipers Sports Club signed MoU’s on Nov. 08 in Kampala to pave way for sponsoring of the latter with cash amounting to Shs300million in the next two years. William Sekabembe, DFCU’s chief of business and executive director said this …

Kampala, Uganda | JULIUS BUSINGE | DFCU bank has joined the list of Vipers’ football club sponsors, handing them a Sh300 million boost for the next two years. Speaking at a press conference at the bank’s headquarters today (Nov.8), William Sekabembe, the bank’s chief of business and executive director said …

Kampala, Uganda | GODFREY SSALI | The High court in Kampala will this friday rule on whether to grant 10 former Crane Bank employees permission to file a suit on behalf of their 400 colleagues against DFCU Bank, for wrongfully dismissal. Crane bank had promised its 700 employees that they would …

THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …

Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …

Performance of the economy likely to determine profitability going forward Kampala, Uganda | JULIUS BUSINGE | Dfcu bank’s net profit more than quadrupled to Shs 114bn for the six months ending June 30 after the acquisition of Crane Bank but analysts remain cautious on whether the bank will maintain the …

Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …