EFC Uganda Limited Archives – CEO East Africa

EFC bank depositors with more than UGX 10m to wait longer for refunds

The CEO Magazine TeamBanking & Financial ServicesJanuary 25, 2024January 25, 2024

The Bank of Uganda has in a statement said big ticket depositors who held more than UGX 10m in deposits in the collapsed EFC Uganda bank, will have to exercise…

Inside story: How EFC Uganda sank into a financial crisis

The CEO Magazine TeamBanking & Financial Services Business & Markets The Big StoryJanuary 23, 2024April 27, 2024

Bank of Uganda, Uganda’s central bank, on January 19th, 2024 placed EFC Uganda Limited under liquidation, revoked its license, and ordered the winding up of its affairs. This in effect…

EFC Uganda seals UGX8 billion financing deal for small enterprises

CEO ReporterNews & AnalysisAugust 6, 2022August 6, 2022

EFC Uganda Limited (MDI) has sealed a financing deal worth UGX 8 billion with Oiko Credit Uganda. These funds are planned to go towards the financing of Small and Medium…

EFC Uganda’s Kakembo: We are a niche player serving exclusively SMEs in Uganda

CEO ReporterNews & Analysis Thought LeadershipMay 25, 2022May 25, 2022

EFC Uganda Limited (MDI), now in its tenth year, is relatively young in Uganda’s banking arena but has grown over the years by leaps and bound; being listed among the…