William Kayongo, Head – Enterprise Banking, dfcu Bank In a significant step toward transforming Uganda’s business landscape, dfcu Bank has launched a new lending campaign aimed at empowering small and medium enterprises (SMEs) across the country. With over 60 years of heritage as a development finance institution, dfcu has been a driving
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Housing Finance Bank's recycler ATM machine It’s a late Friday night, dark and lonely. You pace around, soliciting a cash bailout from your friends and anyone else, hoping to buy Yaka units, but all in vain. The thought of banking halls being closed makes you even sadder, and you panic,
Read Moredfcu Bank Set To Transform Women Entrepreneurs Across Uganda Through GROW Initiative
dfcu Bank’s Executive Director and Chief Financial Officer dfcu Bank has announced its role as an implementing partner for the Government of Uganda’s GROW Project, a new initiative dedicated to supporting women entrepreneurs in scaling their businesses, sustaining self-employment, and creating more jobs across the country. This launch further solidifies dfcu Bank’s
Read MoreBanks Reduce Interest Rates To An Average Of 17.89% As Uganda’s Economy ‘Fully Recovers’
Uganda’s economy has fully recovered from various shocks, Matia Kasaija, the Minister Of Finance, Planning And Economic Development, has said. He made the remarks during a meeting on The Budget Strategy For Financial Year 2025/2026 held at Speke Resort And Convention Center – Munyonyo, on Wednesday. “In the last quarter
Read More“60 Acts of Kindness”: dfcu Bank Staff Celebrate 60th Anniversary Through Community Outreach Programs
dfcu bank staff recently engaged in blood donation drive dfcu Bank has reaffirmed its commitment to transforming lives, businesses, and communities across Uganda through its “60 Acts of Kindness” staff campaign with all the Bank’s staff around the country taking part in a series of corporate social responsibility (CSR) initiatives funded
Read MoreHousing Finance Bank Showcases Personalized Home Ownership Packages At Buildcon Expo 2024
The event was honored by the presence of the Honorable Minister for Lands, Housing, and Urban Development, Judith Nabakooba (Centre), who reiterated the ministry’s commitment to supporting the real estate sector through proper legal frameworks such as the National Housing Policy. The 3rd edition of the Buildcon International Expo, held at
Read MoreThe banking industry registered some strength towards the end of the financial year 2024, despite the closure of two Tier II lenders in the last half of the year. EFC Uganda Limited was closed in January and Mercantile Credit Bank Uganda in June 2024, in both cases, the Bank of
Read MoreThe Government through the Uganda Microfinance Regulatory Authority (UMRA) has listed illegal online money lending apps. UMRA is an autonomous Government Agency Expected to promote a sound and sustainable non-banking financial institutions’ sector. In a notice issued recently, UMRA said that "the Authority has noted with concern that a number of
Read MoreJohn B Kaweesi, Head of Mortgages and Consumer Banking at Housing Finance Bank Uganda’s real estate market is undergoing a significant transformation, driven largely by innovative mortgage solutions provided by the Housing Finance Bank, making housing more accessible and affordable. Mortgages, which are agreements between borrowers and lenders where the
Read MoreQ&A: How Housing Finance Bank Is Making It Easy For Individuals & Companies To Acquire Commercial Vehicles
Angela Ndawula- Head of Business and Institution Banking on Vehicle and Asset Finance at Housing Finance Bank Housing Finance Bank has several tailored Vehicle and Asset Finance (VAF) solutions designed to help individuals and companies acquire vehicles and other assets. In this Q&A, Angela Ndawula- Head of Business and Institution Banking
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