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Government has withdrawn an extra Shs. 200billion (approx. $54 million) from the petroleum fund, Finance Minister Matia Kasaija announced in a statement on the Ministry website. The withdrawn money, Kasaija said, is meant to help finance Uganda’s 2018-2019 spending plan which includes development of infrastructure including power plants and roads. This becomes
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MTN Uganda has launched a new campaign that is a celebration of the twenty years it has operated in Uganda. The new campaign ‘Together, We Connect’, features a TV commercial, radio, print and billboards advertising, was launched nationwide on Monday 26th November 2018. An interactive digital campaign in line with the
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DFCU Bank could be dragged to court to answer for charges of sharing former Crane Bank clients’ confidential information publicly, The Tower Post reports. The complaint was lodged by Rajiv Ruparelia (son to Sudhir Ruparelia), a former client of Crane Bank – now DFCU Bank whose phone number was publicly shared
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DFCU Bank Managing Director Juma Kisaame has been accused of bribing a section of legislators on Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to drop summons against the bank’s top officials. DFCU is among the entities lined up for investigations into Bank of Uganda’s fraudulent sale of commercial banks.
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By: Martha Aheebwa Insurance has been called the “ugly duckling” of the financial services industry. Nobody seems to understand what it is about. We seem to have sat in one meeting and agreed that insurers are “thieves”. I have come across many people who think third party liability for motorised vehicles
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UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Uganda operations as “Unimoni.” The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held at Pearl of Africa Hotel in Kampala, in the presence of
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Arise has confirmed its commitment to retain its investment in dfcu Limited in Uganda. According to Arise Chief Executive Officer, Deepak Malik, Arise has no intention of relinquishing its shareholding in dfcu, as reported in the press. Arise has always been supportive of the growth development plans of dfcu Bank evidenced
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The Uganda Top 100 mid-sized companies’ survey 2018 is launching today at dfcu Bank offices. The Top 100 survey is an initiative of KPMG and the Nation Media Group represented by Daily Monitor in Uganda; it has been conducted since 2009 in Uganda and celebrating 10 years in 2018. To celebrate
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dfcu Bank, in partnership with NTV Uganda and Price Waterhouse Coopers (PwC) have launched Season II of the Investment Clubs Challenge dubbed ‘Battle for Cash.’ Battle for Cash is a nationwide campaign targeted at instilling a savings and investment culture in Uganda. In 2017, dfcu Bank held a six-month long campaign
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dfcu Bank has appointed Andrew Kabeera as the new Chief Operating Officer. A seasoned banker with experience spanning over 13 years, Andrew Kabeera is responsible for among other aspects establishing operational excellence and great experience across all touch points and driving the strategic goal of Superior financial performance on cost
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