Diamond Trust Bank Archives

Diamond Trust Bank Exits Burundi Market, Sells Subsidiary to Local Investors

Diamond Trust Bank Group has formally exited the Burundi market after selling its 83.67% stake in Diamond Trust Bank Burundi to a consortium of largely local investors, bringing to a close a

March 29, 2026

The Big Story

CEOs SHAPING TANZANIA: Geofrey Mchangila, CCO & CEO, Citibank Tanzania Ltd

Geofrey Mchangila is the CCO & CEO for Citibank Tanzania Limited, a subsidiary of Citigroup, focusing on providing financial services to large corporations and institutions. He has over 18 years of banking

July 18, 2025

East Africa

Japhet Aritho, Managing Director Airtel Mobile Commerce Uganda Limited explaining to the audience how the newly launched Airtel Global Pay Card works. The Airtel Global Pay Card was launched today—a virtual prepaid card designed to provide Ugandans a secure and convenient way to make international payments.

Airtel Money and Mastercard Launch Global Pay Card, Simplifying Online Transactions for Ugandans.

Airtel Mobile Commerce Uganda Limited (AMCUL), in partnership with Mastercard, Diamond Trust Bank, Network International, has today launched the Airtel Money Global Pay Card, a virtual prepaid card designed to give Ugandans a secure and

March 4, 2025

Company News·Sponsored Content

Godfrey Sebaana, DTBU's new Chief Executive Officer

Godfrey Sebaana, DTB Uganda’s new CEO commits to more customised products and enhanced customer experience

Godfrey Sebaana, the incoming Chief Executive Officer of Diamond Trust Bank Uganda (DTBU) has committed to building on the foundation left by his predecessor, Varghese Thambi to create an even more enhanced,

May 24, 2024

Banking & Financial Services·Company News·News & Analysis

Varghese Thambi (right) chats with Godfrey Sebaana, the incoming CEO at the former's 21st May 2024 farewell dinner. Thambi leaves DTBU after 17 years and 40-fold growth in the bank's assets.

How I grew Diamond Trust Bank Uganda by 40 times in 17 years⏤ Varghese Thambi’s Untold Story

It all started with a call from a recruitment agency executive. At the time, Thambi had spent 30 years in the banking industry, rising to become a Senior Vice President and Head

May 24, 2024

Executive Profiles·News & Analysis·The Big Story

Businessman Hamis Kiggundu's attempts to evade responsibility have been cut short by the Supreme Court.

Supreme Court hammers Ham in multi-billion dispute with Diamond Trust Bank

Uganda’s Supreme Court, Uganda’s highest court has dismissed attempts by businessman Hamis Kiggundu to run away from his debt obligations with Diamond Trust Bank Uganda (DTB-U) and Diamond Trust Bank Kenya (DTB-K),

June 14, 2023

Business & Markets·Legal & Justice·The Big Story

Britania makes a wide range of biscuits. Courtesy photo

Creditors Place Biscuit Maker Britania Foods under Administration

Britania Foods Limited, makers of biscuits, has been placed under administration under Peter Kahi of PKF Consulting Limited. According to reports, Britania,s troubles come from defaulting on loans worth more than Ksh1.3

August 19, 2021

The Big Story

Bank of Uganda Governor Emmanuel Tumusiime says financial institutions are free to decided on credit relief for their customers. Courtesy photo

Court Rejects Bank of Uganda ‘Friend Request’ in DTB-HAM Case

Bank of Uganda has lost an application in which it sought to join as ‘Amicus Curie’ (Friend of the Court), the ongoing appeal by Diamond Trust Bank against Ham Enterprises, a company

January 28, 2021

Banking & Financial Services

Following a lengthy court process that exposed both the incompetence of the legal team at the central bank and the massive flaws within its regulatory practices especially in the way several banks were taken over, closed and sold, under Mutebile’s watch or lack thereof, the central bank’s much publicised case against the billionaire businessman has crumbled like a pack of cards. It remains to be seen how much more the central bank will lose in terms of legal costs.

Bank of Uganda Governor on Commercial Court Ruling against DTB: We are committed to ensuring a resilient, sound and stable financial sector

Bank of Uganda governor Emmanuel Tumusiime-Mutebile has come out about the Wednesday judgement in which Diamond Trust Bank was ordered to pay businessman Ham Kiggundu UGX130 billion. “Bank of Uganda (BoU) has

October 9, 2020

Company News