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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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As Uganda celebrates 61 years of independence under the theme: ‘Sustaining a united and progressive nation, taking charge of our future as a free nation’, the country encounters noteworthy structural challenges. Nevertheless, it is leveraging its inherent strengths to foster economic growth and sustain prosperity. Since gaining independence in 1962, Uganda has embarked on a dynamic economic journey characterized by low and high growth phases. The story of Uganda’s economic growth is told through the lens of statistics, and these numbers paint a vivid picture of the nation’s evolution. In 1962, Uganda began its post-colonial journey with a GDP of…
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