Kampala, Uganda | THE INDEPENDENT | Dfcu Bank has shut its Lugogo Branch in Kampala after five of its staff tested positive for coronavirus (COVID-19). The Bank said in a notice last night that “all exposed colleagues in the branch are undergoing tests and will be required to self-isolate for 14 …
Read More »DFCU retains interest in former Crane Bank properties – BoU
Kampala, Uganda | THE INDEPENDENT | Dfcu bank remains the owner of the leasehold of the former Crane bank buildings it vacated, Bank of Uganda has said. The buildings, formerly hosting Crane bank branches but now being claimed by Meera Investments Limited, were taken over by Dfcu when it bought Crane …
Read More »Danish Fund buys 10% shares in Dfcu
Kampala, Uganda | THE INDEPENDENT | Danish government-owned Investment Fund for Developing Countries (IFU) has bought 74 million shares (9.97%) in Dfcu bank, making it the second-largest shareholder after the Dutch-backed fund Arise B.V. The transaction, which saw London-headquartered CDC Group sell its stake, has been viewed as a vote …
Read More »Sudhir secures permanent injunction against Sebalu and Lule advocates
Kampala, Uganda | THE INDEPENDENT | City Businessman Sudhir Ruparelia has won his case against Sebalu and Lule Advocates. Sudhir ran to court in 2017 seeking orders stopping Sebalu and Lule Advocates from representing DFCU bank citing conflict of Interest in a matter involving the defunct Crane Bank. Sudhir argued …
Read More »Dfcu unveils new loan facility campaign
Kampala, Uganda | Julius Businge | Dfcu bank customers will, for a limited time access personal unsecured loans of up to Shs150 million at a competitive interest rate of 17.5% per annum, it said in a notice dated Feb.19. According to dfcu bank’s Head for Personal Banking, Miranda Bageine Musoke, …
Read More »Principal Judge to mediate between Sudhir and Bank of Uganda
Kampala, Uganda | GODFREY SSALI | Principle Judge Yorakamu Bamwine has taken over as mediator in a high-profile case between businessman Sudhir Ruparelia and Bank of Uganda (BOU). Justice Bamwine’s appointment comes after the parties in the case rejected the earlier appointed mediator Harriet Magala. The two parties have said they …
Read More »