Kampala, Uganda | THE INDEPENDENT | Following a 24th October 2023 High Court ruling that dfcu Bank had illegally transferred to itself 48 properties belonging to Meera Investments, after it took over tycoon Sudhir Ruparelia’s Crane Bank, the Lands Ministry has cancelled all the said land titles. As a result, dfcu …
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But loans and advances to customers reduced by 16% Kampala, Uganda | THE INDEPENDENT | dfcu Bank has reported a 56% improvement in net profit to Shs29.3bn in the first six months to June.30 driven by a reduction in loan impairment. The lender’s financial results released on Aug.24 show continuous growth …
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Kampala, Uganda | THE INDEPENDENT | dfcu has appointed Kate Kiiza to replace William Ssekabembe who retires at the end of this month. A notice by the Board of Directors informed shareholders about the new development through the Uganda Securities Exchange. Kiiza has been working at the bank as chief financial …
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Kampala, Uganda | THE INDEPENDENT | dfcu’s executive director William Sekabembe will leave the Bank at the end of August after serving in different capacities for 11 years. The Board of dfcu hereby announces the early retirement from the Bank of its executive director,” the notice signed by Angellina Namakula Ofwono, …
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London, UK | THE INDEPENDENT | The UK Court of Appeal has today ruled that the Crane Bank-DFCU dispute over assets can be tried in the UK. The UK High Court had previously dismissed the Crane Bank Limited (CBL) claim on grounds that it was based on actions exercised by Bank …
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Kampala, Uganda | THE INDEPENDENT | dfcu Bank has launched a new campaign targeting individuals in the insurance sector. Robert Muhiire who is dfcu Bank’s Principal Officer Bancassurance said the campaign is dubbed ‘Cover with Us’ and will provide a variety of insurance solutions to the Bank’s customers, which can be …
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Shareholders agree to increase remuneration for company chairman, directors by 20% Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu limited voted overwhelmingly to increase the pay for the company chairman and directors during their 58th Annual General Meeting held at Serena Hotel on July 6. The virtual AGM, attended by …
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Kampala, Uganda | THE INDEPENDENT | dfcu Bank Limited has announced the appointment of Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. The Bank announced on April 6 through the media. Mudiwa brings on board over 26 years of experience in Banking, with strong business …
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Kampala, Uganda | THE INDEPENDENT | At an event held recently in Kampala, a total of 28 women Agribusiness entrepreneurs graduated from the first cohort Business Accelerator Program (BAP) implemented by Agribusiness Development Centre and powered by dfcu Limited and Rabo Foundation. Launched last year, the Business Accelerator Program’s objective is …
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Kampala, Uganda | THE INDEPENDENT | Dfcu Bank’s Agribusiness Development Centre and Rabo Foundation have partnered with GOPA Worldwide consultants to implement two consecutive cohorts of the Business Accelerator Program (BAP). The initiative which is in line with the national program of Enhancing the Competitiveness of Small and Medium Enterprises (ECOS) …
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