Kampala, Uganda | THE INDEPENDENT | Ugandans want screening for tuberculosis incorporated into other healthcare services such as antenatal care or other hospital visits. This is part of the recommendations following a joint study conducted by the Ministry of Health and a team of TB researchers to find new solutions …
Read More »Sarah Arapta is new Uganda Bankers Association chairperson
Kampala, Uganda | THE INDEPENDENT | Sarah Arapta has been elected chairperson of Uganda Bankers’ Association (UBA) after their their annual general meeting in Kampala. She takes over from Mathias Katamba who served for two years 2020 and 2021. Arapta is the Chief Executive Officer of Citibank Uganda. As he handed over …
Read More »dfcu bank’s profit dip 46% to 13.2billion
But the recovery in the economy is expected to boost growth in 2022 Kampala, Uganda | ISAAC KHISA | dfcu bank’s net profit fell 46% for the year 2021 to Shs13.2billion due to the increase in non-performing loans but the management believes that the recovery of economy that had been …
Read More »dfcu profit after tax up 33%
Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …
Read More »dfcu Bank cuts dividend payout to Shs 13bn
Long serving board chairperson Elly Karuhanga retires in September Kampala, Uganda | ISAAC KHISA | dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed …
Read More »dfcu Bank ready to fund companies in oil and gas
CNOOC, dfcu points at post Final Investment Decision prospects Kampala, Uganda | JULIUS BUSINGE | dfcu Bank held a half day engagement for its clients and stakeholders in the oil and gas sector on Apr.28 following the government’s bold step to sign key agreements that will see the country get …
Read More »Dividends for banking investors down but better than expected
Banking executives expect the industry to rebound citing projected growth in the economy Kampala, Uganda | ISAAC KHISA | 2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep …
Read More »Overwhelming turn up at LDU recruitment
Kampala, Uganda | THE INDEPENDENT | There was an overwhelming turn up of youth for the Local Defense Unit-LDU recruitment exercise at Old Kampala Secondary School on Tuesday. Bilaali Katamba, the Spokesperson of the recruitment team I, said an estimated 3000 youths turned up for the recruitment. He explained that because …
Read More »Museveni’s money fights with MTN
Details on deportations, licence talks Kampala, Uganda | HAGGAI MATSIKO | Money, policy and misinformation are at the centre of the long-running tension between Uganda’s leading telecom operator, MTN, and the government. That much was confirmed at a meeting last week between President Yoweri Museveni and MTN Group CEO Rob …
Read More »Behind dfcu’s 52% decline in net profit
Top managers are optimistic the future of the business is bright Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu would be happier if the bank’s financial accounts showed a decline in costs and increase in revenue. This is not the case for the financial year 2018. However, dfcu’s …
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