MTN’s listing, expected before June 2022, will be a breath of fresh air at the Uganda Securities Exchange (USE), according to market experts. MTN is expected to sell 20 per cent of its shares through an Initial Public Offer to fulfil a requirement under the National Broadband Policy. USE has in the last 10 years […]
Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender saw its profit after tax […]
Lloyd Jonathan Busuulwa, Head of Alternative Channels, dfcu Bank By Lloyd Jonathan Busuulwa There is a 100% chance that you are reading this text off your phone or computer in this instant. Technology continues to disrupt how we interact with our immediate and external environment. In line with the Uganda Communications Commission industry report as […]
Sudhir Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the market capitalization of the […]
Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the Uganda Bankers Association told The […]
Mathias Katamba, CEO dfcu bank Dfcu Bank’s consolidated Net Profit after tax reduction increased from Shs 29.1Bn in June 2020 to Shs 38.8Bn in June 2021 indicating a 33% increase, according to 2021 interim financial results. This means dfcu registered a Shs 14.8Bn profit increment since December 2020 when they registered a net profit of […]
Growth. According to Mr Mathias Katamba, the dfcu chief executive officer, net loans and advances for the period ended December 2020, grew by 15 per cent despite a challenging year as a result of solid growth in underlying business as the bank continued to support customers and key sectors of the economy. Dfcu Bank has […]
Dfcu Bank has cut its dividend payout by more than 60 per cent for the period ended December 2020 due to the need to reserve capital to withstand and absorb shocks that may crop up as a result Covid-19. The cut means that shareholders will receive just Shs17.38 for each share or a cumulative total […]
Long serving board chairperson Elly Karuhanga retires in September Kampala, Uganda | ISAAC KHISA | dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed to effects of the coronavirus […]
Kampala, Uganda — dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed to effects of the coronavirus pandemic. Listed on the Uganda Securities Exchange, dfcu had initially proposed dividend […]
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