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TodaySunday, May 03, 2026

dfcu Limited

Charles Mudiwa, Chief Executive Officer of dfcu Bank, pictured during the 2024 Performance Stakeholder Breakfast, where he delivered a bold message of transformation and resurgence. Under his leadership, the bank has staged a remarkable recovery—more than doubling profits—and now sets its sights on becoming one of Uganda’s top five most profitable banks by 2026. “We’re out of the woods,” Mudiwa declared. “The strategy is clear, the team is ready, and the future is ours to build.”

Fired-Up! Charles Mudiwa’s 2024 Big dfcu Bank Turnaround 

When dfcu Bank in January 2017, acquired Crane Bank, then one of the five largest Banks in Uganda, for UGX200 billion, it had been hoped that dfcu’s market share fortunes would greatly
April 3, 2025
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As the dfcu Bank marks 60 years in Uganda, its leaders, Jimmy D. Mugerwa, the Board Chairman of dfcu Limited, the holding company; Charles Mudiwa, the dfcu Bank CEO and Dr. Winifred Mary Tarinyeba Kiryabwire, the bank's Board Chairperson have re-committed to upholding the Bank’s purpose of understanding and serving customer needs to foster a mutually beneficial and thriving relationship.

Dfcu leadership recommits to continue transforming lives and businesses as the bank marks a 60-year legacy in Uganda

dfcu Limited is celebrating 60 years of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses in Uganda’. dfcu was established in 1964 as a development finance institution
May 22, 2024
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Charles Mudiwa, who joined dfcu Bank in April from Stanbic Kenya, says dfcu Bank stands on a solid base⏤ strongly committed shareholders, a competent staff team, robust digital capabilities, a loyal customer base and adequate capital ratios, as well as significantly higher than the regulatory minimums.

Q&A: Sector specialisation, customer relationships, digitalisation and a data-driven performance culture⏤ dfcu’s Charles Mudiwa spells out his strategy 

What impacted your business over the period from an operational standpoint? The first half of the year has been marked by consistent improvement in the operating environment with inflation and other economic
August 25, 2023
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Dfcu Bank and related parties are being accused of corruptly and illegally conspiring with the central Bank to strip the Crane Bank shareholders of their bank.

Sudhir vs. dfcu Bank: London appellate court orders dfcu and its former managers to pay UGX8.8 bn in costs

A London Court of Appeal has ordered dfcu Bank, its holding company, dfcu Limited, as well as dfcu Bank’s former board chairman, Jimmy Mugerwa (now dfcu Limited Chairman), Juma Kisaame and William
July 27, 2023
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Charles brings on board over 26 years’ experience in the banking sector, with strong business leadership, success in turning around businesses and increasing business profitability.

A solid performer who doubled Stanbic Kenya’s profits in 5 years⏤ here is more of what we know about Charles Mudiwa, the new dfcu Bank CEO 

CEO East Africa Magazine, on January 18th 2023 broke the story that Charles Mwanyara Mudiwa, the former Chief Executive Officer of Stanbic Bank Kenya had been appointed as the next Chief Executive
April 7, 2023
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Hon. Amelia Kyambadde, Senior Presidential Advisor on Industry (2nd left) and dfcu’s Ruth Asasira, the Manager Women in Business & Special Programs together with one of the winners in the 5th Edition of Rising Woman Challenge. The program is part of the bank’s Women in Business Program which has to date, directly benefited over 80,000 women across the country.

FACTS BEHIND THE FIGURES: dfcu banks on transforming lives and businesses through innovation and empowering Ugandans 

Dfcu Limited, the holding company for dfcu Bank, last week released its 2022 results reporting that net profit grew by 217% from UGX9.3 billion in 2021 to UGX29.5 billion in 2022, underpinned
April 4, 2023
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