THIS WEEK: DFCU injects $2.8m in agribusiness training Kampala, Uganda | THE INDEPENDENT | Organized farmers have a reason to smile. For the next five years, Dfcu and Rabobank Foundation are injecting a combined US$ 2.8million in the Agribusiness Development Center (ADC) that will see farmers attain knowledge and skills …
Read More »DFCU sinks Shs 300mn in Vipers SC
Kampala, Uganda | THE INDEPENDENT | Top officials of DFCU Bank and Vipers Sports Club signed MoU’s on Nov. 08 in Kampala to pave way for sponsoring of the latter with cash amounting to Shs300million in the next two years. William Sekabembe, DFCU’s chief of business and executive director said this …
Read More »DFCU gives Vipers Sh300 million sponsorship boost
Kampala, Uganda | JULIUS BUSINGE | DFCU bank has joined the list of Vipers’ football club sponsors, handing them a Sh300 million boost for the next two years. Speaking at a press conference at the bank’s headquarters today (Nov.8), William Sekabembe, the bank’s chief of business and executive director said …
Read More »Former Crane Bank employees sue DFCU
Kampala, Uganda | GODFREY SSALI | The High court in Kampala will this friday rule on whether to grant 10 former Crane Bank employees permission to file a suit on behalf of their 400 colleagues against DFCU Bank, for wrongfully dismissal. Crane bank had promised its 700 employees that they would …
Read More »THIS WEEK: USE unveils University Challenge
THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …
Read More »Bad 2016, gloomy 2017 for banks
Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …
Read More »Can Dfcu maintain high profits?
Performance of the economy likely to determine profitability going forward Kampala, Uganda | JULIUS BUSINGE | Dfcu bank’s net profit more than quadrupled to Shs 114bn for the six months ending June 30 after the acquisition of Crane Bank but analysts remain cautious on whether the bank will maintain the …
Read More »BAD ECONOMY: Analyst sees more banks shutting branches, cutting jobs
Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …
Read More »How Crane Bank acquisition boosts Dfcu profits
The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …
Read More »2017: DFCU Bank posts Sh114 bn net profit in first 6 months
Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has posted Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017. According to a notice issued on Tuesday, top management attributed …
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