Tag Archives: DFCU Bank

Kampala, Uganda | THE INDEPENDENT | Dfcu bank has unveiled mobile-based micro-loans to its customers as it strives to tap into a larger pool of small savers who on most cases do not have collateral security. The new product dubbed mobiloan has been unveiled in partnership with the Nairobi-based digital firm, …

Kampala, Uganda | THE INDEPENDENT | Dfcu Bank has boosted the Uganda Cancer Institute with a new 100-seater shelter and refurbished children’s play area to provide the outpatients with a secure and decent waiting area and the children with an updated and fun playing area. This follows a pledge made …

Kampala, Uganda | THE INDEPENDENT | DFCU bank has been tasked to explain its move to evict 250 families in Tororo before the expiry of their loan term. Chris Sserunkuma, the in-charge of Special Assets at DFCU Bank appeared before the Physical Infrastructure Committee of Parliament on Wednesday following a petition …

Kampala, Uganda |  THE INDEPENDENT  |  At least 400 former employees of Crane Bank Limited have petitioned the High Court in Kampala seeking orders to compel DFCU Bank to produce documents that were allegedly withheld by the bank after their dismissal. The group was employed by Crane Bank Limited until …

Kampala, Uganda |  THE INDEPENDENT |  Xsabo Group says they plan to build another three projects, which will bring the number to five plants with a total installed capacity of 150 MW, worth a total investment of 735 Billion Shillings. The company received funding for the Mubende project worth 63 …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU) has the started process for complete closure of Crane Bank Limited, a move that will see the defunct lender’s chapter closed for good. The Central Bank as a liquidator issued a statement on Friday. A liquidator is an officer or entity …

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 …

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 …

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 …

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 …