Shareholders registered on the books of the DFCU Limited at close of business on 31st August 2021 will receive an interim dividend of UGX 17.38 per share. For the latest key economic events use our free ECONOMIC CALENDAR
Tag: XUGA_DFCU
PART ONE: Dfcu Bank’s Digital Transformation Journey: Banking at the Speed of You!
Lloyd Jonathan Busuulwa, Head of Alternative Channels, dfcu Bank By Lloyd Jonathan Busuulwa, Digital technologies have dramatically reshaped industry after industry. Digital transformation is now universally regarded as essential for businesses to remain viable and competitive according to a digital transformation survey done my McKinsey Global. The survey also highlights that businesses are heading unequivocally […]
Bankers choose fourth industrialization to provide good financial services
Bankers under their umbrella body, the Uganda Bankers Association (UBA) have chosen the fourth industrial revolution as the main topic of discussion during their forth coming annual conference because the fourth industrial revolution has already unfurled its wings over all industries to impact them positively. The term “Industry 4.0” (Fourth Industrialization) refers to the concept […]
Meet the New ICT Ministry PS – Dr. Aminah Zawedde
New ICT Ministry PS – Dr. Aminah Zawedde President Museveni on Thursday stunned the country when he selected Dr Aminah Zawedde – a lecturer at the School of Computing and Informatics Technology, Makerere University, to serve as Permanent Secretary Ministry of ICT and National Guidance. Aminah, who holds a PhD (Eindhoven University of Technology, The […]
Bankers Conference Set for July 26th
The Uganda Bankers Association (UBA) will conduct its fourth annual bankers Conference between 26 and 27 this month. This was announced by Mathias Katamba, the Managing Director of dfcu Bank, who doubles as the Chairperson of UBA, during the press conference that was held in Kampala on Tuesday this week. The Bankers’ Conference is a […]
Jubilee buys additional Sh4.4bn shares in Uganda power plant
Jubilee insurance Centre. FILE PHOTO | NMG Insurance group Jubilee Holdings has invested an additional Sh4.4 billion in Uganda’s hydroelectric power plant Bujagali, raising its stake in the project to 40.9 percent in the year ended December. The Nairobi Securities Exchange-listed firm previously held a 25 percent stake in the 250-megawatt plant which supplies half […]
Jubilee buys additional Sh4.4bn shares in Uganda power plant
Jubilee insurance Centre. FILE PHOTO | NMG Insurance group Jubilee Holdings has invested an additional Sh4.4 billion in Uganda’s hydroelectric power plant Bujagali, raising its stake in the project to 40.9 percent in the year ended December. The Nairobi Securities Exchange-listed firm previously held a 25 percent stake in the 250-megawatt plant which supplies half […]
Five banks hold 57 per cent of banking sector assets
Several banks hae been forced to write off some loans. PHOTO/COURTESY At least 57 per cent of Uganda’s banking sector assets are held by five banks, according to Bank of Uganda. The five banks, among which include Stanbic, Standard Chartered, Centenary, dfcu and Absa, are Domestic Systemically Important Banks, an indicator and methodology that Bank […]
Uganda: Five Banks Hold 57 Per Cent of Banking Sector Assets
At least 57 per cent of Uganda’s banking sector assets are held by five banks, according to Bank of Uganda. The five banks, among which include Stanbic, Standard Chartered, Centenary, dfcu and Absa, are Domestic Systemically Important Banks, an indicator and methodology that Bank of Uganda employs to identify banks that are of high importance […]
Uganda: Banks Set Aside Shs364.7 Billion for Increasing Loan Losses
Provisions for loan losses grew exponentially in the period ended December 2020, increasing by Shs149.1b, according to financial results released by different commercial banks. This was the highest growth in over years, signaling a difficult period for the banking sector and borrowers, whose capacity to repay loans was highly impacted by Covid-19. According to data […]