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Board Chairman Jimmy Mugerwa explains the remarkable legacy of dfcu Bank- a tale as old as Uganda

Jimmy D. Mugerwa, dfcu Bank Chairman – Board of Directors

9th October 1962 – in a highly anticipated ceremony, the official flag for Uganda was hoisted, to signify the end of colonial rule and the start of a new era of Independence for the country. Uganda had been a British Protectorate from 1984 and on the same day, the Union Jack, the national flag of the United Kingdom was lowered. Two years after the historic National Independence Day, dfcu Limited opened its doors. Originally, it was set up as a development finance institution by the UK’s Colonial (later Commonwealth) Development Corporation (CDC)  and the Government of Uganda.  Six decades and…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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