In Uganda’s evolving entrepreneurial landscape, where the promise of economic independence often fades at the gates of gender inequality, dfcu Bank is quietly building a different gateway. One designed not…
By CEO East Africa Magazine Team Uganda’s ambition is bold: to grow its economy tenfold, moving millions out of poverty and cementing its place among Africa’s rising stars. The 2025/26 national budget, with a resource envelope of UGX 72.4 trillion, sets the tone — prioritising human capital, infrastructure, industrialisation, and digital transformation. But behind the optimism lies a fiscal squeeze. Public debt is climbing past USD 31.5 billion (51.26% of GDP), leaving little room for fresh borrowing. That means financing Uganda’s 10x dream depends squarely on domestic revenue mobilisation. Rather than introducing new taxes, the government is tightening administration —…
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Crested Capital has released its mid-year report card on the performance of local counters on the Uganda Securities Exchange (USE), highlighting the stocks delivering the highest total shareholder returns (TSR)…
From the humble days at DFCU Bank as a direct sales executive to enabling homeownership through mortgage financing at Stanbic Bank, it was clear that Brian Mutungi Tukahirwa had a gift for sales, anchored in a deeper mission to improve lives. His journey later led him to Housing Finance Bank, where he advanced the institution’s financial inclusion mandate by designing customer-centric solutions through agent banking. “I was riding on the first-ever shared platform to pivot into the Fintech space. Here, I supported financial institutions to enhance their financial inclusion through robust agent and card solutions at Interswitch East Africa,” he…
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In Uganda’s evolving entrepreneurial landscape, where the promise of entrepreneurship often ends at the gates of gender inequality, dfcu Bank is quietly building a new gateway—one designed not just for access, but for ascent. Through its Women in Business (WiB) program, the Bank is betting big on a simple but profound idea: unlocking the potential of women entrepreneurs isn’t just good ethics—it’s sound economics. Uganda continues to grapple with structural constraints that stifle small businesses – credit bottlenecks, limited market access, and a large informal economy. Thus, the vision behind the dfcu Women in Business Program is both timely and…
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dfcu Bank has launched the GROW Loan initiative in Eastern Uganda to support women entrepreneurs in the region with financial support and business training to scale their businesses. The event, held in Jinja, marks a significant step in dfcu Bank’s commitment to fostering economic growth and supporting women in business through access to affordable credit, tailored financial solutions, and capacity building. The GROW Loan is designed specifically for women in business who are looking to expand and strengthen their enterprises. The initiative addresses the unique challenges faced by women entrepreneurs, offering them not just financial assistance but also the mentorship…
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Winners of the 8th edition of the ACCA, Deloitte Uganda CFO Awards Uganda’s premier platform for recognizing excellence in financial leadership is back with its 8th edition of the ACCA and Deloitte Uganda Chief Financial Officer (CFO) Awards. This prestigious event focuses on celebrating outstanding financial leaders who have made significant contributions to their organizations and the economy. Charlotte Kukunda, Country Manager ACCA Uganda noted that the 8th edition of the CFO Awards is a celebration of success and growth because it has attained its objective of raising the profile of the CFO role and functions and continues to highlight…
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Lynette Akol is the proprietor of Krystal Ice Limited (KIL), a company that prides itself in producing a variety of ice products ranging from ice flakes, ice cubes, healthy and nutritious ice pops with a range of delicious flavors which include orange, watermelon, mango, pineapple, strawberry and mixed fruit among others. The company has built a strong relationship with key stakeholders such as dfcu bank, and the Uganda Industrial Research Institute (UIRI) who have been instrumental in provision of industrial research and product development. Akol’s business is situated on the bustling Commercial Street in Luzira, where we met her for…
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My first encounter with dfcu was in the early 1970s, a period when the Uganda Development Corporation (UDC) and dfcu were pivotal players in the nation’s development finance sector. It was in 1972 when I joined dfcu as a Junior Executive, reporting directly to the General Manager. At the time it was known as the Development Finance Company Uganda. However, shortly after this, Uganda experienced a significant economic setback due to Idi Amin’s expulsion of the Asian community, a decision that, in my view, derailed the country’s economy for many years. Despite these challenging times, dfcu has shown remarkable resilience…
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Patricia Nshemereirwe has been appointed as Chief Operating Officer, Absa Bank Uganda Ltd. In a statement, the bank said Nshemereirwe is a seasoned financial services professional with 20 years of experience in the banking and financial services industry. “She brings significant experience to her new role, taking leadership and oversight responsibility over the bank’s operations and Information Technology function,” the bank said. Before joining Absa, she served as Head of Integrated Channels/Client Coverage at Stanbic Bank Uganda – where she spearheaded the bank’s Distribution, Agent Banking, and Virtual and Digital Channels strategy and execution. She was also head of Operations,…
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