Dfcu Bank has reiterated its unwavering commitment to the SME sector and its crucial role in Uganda’s economy. The remarks were made by Charles Mudiwa, CEO of dfcu Bank at the launch of the highly anticipated 2023 edition of the Top 100 Mid-sized Companies Survey at an event, held at the Sheraton Kampala Hotel. The…
Stanbic Bank, Kakira Sugar Works, and the Busoga Sugarcane Growers Association have formed a partnership to provide sugarcane farmers in Busoga with a new loan solution.
The Finance Ministry has announced that Uganda’s parliament has given its approval to a 10% increase in government spending, raising it to 52.73 trillion shillings ($14 billion) for the fiscal year 2023/24. According to Ugandan law, lawmakers must grant approval for the government’s spending plans before they are officially presented in the budget speech. The…
Absa Bank Uganda Ltd has appointed Rachel Rwakatungu as its new Credit Director. With an extensive background in banking and financial services, business, and regulatory risk, Rwakatungu brings a wealth of experience to her new role. She has previously worked in Tanzania and South Africa, further enriching her sector expertise. Before joining Absa Bank Uganda…
In 2022, Uganda’s banking sector demonstrated a robust performance, showcasing a resilient post-Covid-19 economic recovery. Commercial banks achieved remarkable results across essential performance indicators in 2022.
