Annette Kiconco, the Chief Retail Banking Officer at dfcu Bank In this interview, we learn about dfcu Bank’s latest promotion that allows customers to pay their utility bills at no cost. Dubbed ‘Rates Paka Chini’, this initiative aims to ease customer expenses and support the local economy by encouraging seamless payment
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BoU Deputy Governor, Michael Atingi-Ego (Centre) The Bank of Uganda has further reduced its base interest rate (the Central Bank Rate) for the second consecutive monthly review to 9.75 percent for October, down from 10.0 percent in September 2024. This follows a decline in inflation from 3.5 percent at the
Read Moredfcu has been a pillar of Uganda’s financial landscape for the past 60 years, helping individuals and businesses thrive. However, beyond financial services, the bank has built a solid reputation for its dedication to creating lasting social impact through strategic corporate social responsibility (CSR) initiatives. Two recent partnerships—the Jinja Rotary Cancer
Read Moredfcu Bank Launches The GROW Initiative For Women Entrepreneurs In Western Uganda
Women entrepreneurs turned up in big numbers for the dfcu GROW Launch in Mbarara dfcu Bank has today officially launched the GROW initiative in Western Uganda, aimed at providing financial support and capacity building for women entrepreneurs. The initiative, which targets women-owned businesses, is designed to equip female entrepreneurs with the
Read MoreKenya Remains A Very Competitive Banking Environment As Stanbic, Centenary Rank Rank High In Africa’s Top 100 Banks 2024
East Africa contributes 20 banks to the African Top 100 Banks listings. Kenyan banks still dominate, making up 10 of the top 100 banks. The leader is Equity Bank, which is unchanged at 23rd in the ranking, with Tier 1 capital of $1.4bn and a healthy ROE of 20%. Second
Read MoreTumubweine speaking about regulation of innovation The Executive Director, National Payments at the Bank of Uganda has called on regulators to go slow in their regulatory mandate especially on technology, to enable space for progress. Twinemanzi said strict regulation of any sector slows down progress and can end up being
Read MoreStakeholders engage in the dfcu NGO forum held at Sheraton Hotel dfcu Bank, one of Uganda’s leading financial institutions, has today hosted its annual NGO Forum at the Sheraton Hotel. Held under the theme "Adapting to Reduced Donor Funding: Strategies for NGOs to Sustain Local Impact and Relevance," the forum brought
Read MorePresident Museveni together with Chief Justices from the Southern and Eastern Africa Chief Justices Forum in Kampala. The government is in the process of enacting a law to stem exploitative money lending practices in Uganda, president Yoweri Kaguta Museveni has revealed. Speaking at the 8th Annual Conference of the Southern and
Read MoreHousing Finance Bank Recognized As Best Mortgage Bank In Uganda At World Economic Magazine Awards
Michael K. Mugabi, Managing Director of Housing Finance Bank Housing Finance Bank has emerged as a standout winner at the World Economic Magazine Awards 2024, receiving two prestigious accolades: Best Mortgage Loan Bank Uganda 2024 and Best Customer Service Bank Uganda 2024. The World Economic Magazine Inc. Awards aim to
Read MorePostBank, MTN MoMo Unveil New Product Aimed At Ushering More Ugandans into the Money Economy
Officials from PostBank and MTN Mobile Money in a group photo at the launch of XtraCash PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital Micro Lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This
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