Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period last year. The drastic drop, according to a report by USE, was attributed to withdrawal of international […]
DFCU Limited will hold its 2021 Annual General Meeting on Thursday 19th August at 11.00am by electronic means.
Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period last year. The drastic drop, according to a report by USE, was attributed to withdrawal of international […]
dfcu Bank in partnership to enhance financial and digital inclusion in Uganda (PHOTO/Courtesy). KAMPALA — Rabobank, Embassy of Kingdom of Netherlands (EKN) and dfcu Bank have signed a tripartite agreement to enhance financial and digital inclusion in Uganda. The partnership implemented through a three-year Technical Assistance (TA) program was announced during a virtual signing ceremony […]
Uganda’s rise in ICCA’s latest report represents a growth by four points compared to the 2018 report, where Uganda ranked 10th on the African continent. An aeria view of Kampala city taken from a DFCU bank building at Nakasero. (Photo by Ivan Kabuye) TOURISM KAMPALA – Uganda ranked sixth on the African continent as the […]
Mathias Katamba, Dfcu bank MD Dfcu bank has again been thrown in the eye of the storm after it issued a notice on the disposal of bank OFFICE assets that it irregularly acquired from Crane Bank even after a Court ruling that ruled that Crane Bank’s properties belong to Meera Investments and thus cannot be […]
Recently, Bank of Uganda’s benchmark Central Bank Rate (CBR) was slashed by 200 basis points to 7%, the lowest ever, between April and June, to signal to lower interest rates so as to support growth. Commercial banks say they will heed Bank of Uganda’s (BoU) call to lower interest rates over the next month. This […]
Mr Turner has quit dfcu group (PHOTO/Courtesy) KAMPALA — The dfcu Bank has confirmed that one of the top directors Michael Turner has left the company with immediate effect after 17 years. The resignation was confirmed on Friday July 3 in a public notice, and the bank has since embarked on the process of replacing […]
The decision follows BoU’s directive to support cash flow in the economy Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd (SUHL) has cancelled its proposed dividend payout of Shs 5.06 per share or a total of Shs110bn to its shareholders, citing central bank’s decision to decline to the request over coronavirus pandemic fears. […]
DFCU Bank’s Executive Director Mathias Katamba has been elected as the new chairman of the Uganda Bankers’ Association (UBA), replacing Stanbic’s Patrick Mweheire who served for two years. Katamba was elected yesterday by the members of UBA on Thursday. Also elected on the executive committee of UBA is Sarah Arapta, Citibank CEO as Vice-Chair, Varghese […]
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