Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s fintech platform in Uganda and neighboring markets. Laboremus’ platform helps banks and fintechs verify their customers’ identities and onboard them as customers. This alleviates one of the key bottlenecks in […]
Dfcu Group has appointed experienced business executive Jimmy Mugerwa to chair the financial services company, replacing Elly Karuhanga who retired from the board last year in August. The company also announced the appointment of Christine Echookit Akello, a lawyer, to its board to fill a vacancy caused by the resignation of Albert Jonkergouw “due to […]
Mathias Katamba, CEO dfcu Bank sharing financial hightlights Dfcu Limited in 2021 registered a tremendous growth, where the core business metrics grew by registering a 21% in the total operating income, the audited financial results for the year ended 31 December 2021 have revealed. According to the results, the interest expense reduced by 26% from […]
Mathias Katamba, CEO dfcu Bank sharing financial hightlights The performance of dfcu bank in 2021 has attracted mixed feelings. The board said dfcu demonstrated resilience in 2021 showing continued improvement in most of the top line figures driven by strong income growth and cost control. Operating income grew by 21% year on year while cost […]
Banks in Uganda are yet to release their financial results. PHOTO | FILE Multiple restructuring of distressed loans apparently created opportunity for several banks to save cash usually put aside for bad loan provisions in their books amid anti-Covid measures that left many small businesses crippled or shut down. Repetitive loan restructuring targeted at distressed […]
But the recovery in the economy is expected to boost growth in 2022 Kampala, Uganda | ISAAC KHISA | dfcu bank’s net profit fell 46% for the year 2021 to Shs13.2billion due to the increase in non-performing loans but the management believes that the recovery of economy that had been battered by coronavirus pandemic will […]
Uganda Securities Exchange (USE) started the new year on a weak footing with equity turnover falling by 73.8 percent to Ush 2.05 billion ($579,828) in January. According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily […]
Ruth Asasira According to an article titled ‘Unlocking the potential of women entrepreneurs in Uganda’ and published by the World Bank, Uganda has a strong culture of entrepreneurship, including among women. It is one of only seven countries worldwide that has achieved gender parity in terms of the number of women driven to pursue entrepreneurial […]
Uganda Securities Exchange (USE) started the new year on a weak footing with equity turnover falling by 73.8 percent to Ush 2.05 billion ($579,828) in January. According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily […]
Traders at one of the Business awareness events in 2012 in Kampala. PHOTO | FILE According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily average turnover of about Ush103 million ($29,132.8). The volume of shares […]
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