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As dfcu Bank celebrates 60 years of transforming lives and businesses in Uganda, the Bank’s commitment to creating a positive impact remains unwavering. dfcu recently announced its Sector Specialisation strategy, aimed at serving the unique needs of their wide client base. One of these is the Bank’s Manufacturing Sector, which works to understand the requirements and meet the requirements of customers across the country. Joan Kaagaza, the Sector Head of Manufacturing at dfcu Bank explains how the bank’s strategies are driving the growth of individuals and companies and contributing to Uganda’s economic transformation. Q1: In what ways does dfcu Bank…
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Uganda’s agriculture sector, both agro-industry and primary agriculture as well as manufacturing have emerged as the leaders in performance of the products offered by the Uganda Development Bank (UDB) according to a statement issued recently. The Bank released a mid-year update covering the period July-2020-July 2021. In total UDB approved loans worth UGX 649Billion in the reporting period. A total of UGX 362 Billion was disbursed according to the Bank. “The reporting period significantly covers economic activity during the on-going COVID19 national emergency including two lockdowns in 2020 and in 2021 during which government policy focused on import substitution and…
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Away from the loss of thousands of lives and the devastating impact on healthcare systems all over the world, the other victim of Covid-19 has been the global economy. The disruptive nature of the disease threatens to cripple economies further – especially sectors such as tourism and manufacturing which depend on the physical presence of employees where critical tasks cannot be executed remotely. For factories, where social distancing is an immediate hurdle, the restrictions on physical movement of persons was initially a threat to continuity. Daniel Birungi, Uganda Manufacturers’ Association (UMA) Executive Director, says the Covid-19 pandemic has caused significant…
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NEMA’s Executive Director, Tom Okurut. The ED says that the environmental regulator is set to hold a meeting with manufacturers with an aim to forge a harmonised position for collection of plastics after consumer usage. The National Environment Management Authority (NEMA) is advocating for a system through which Ugandan manufacturers will be compelled to collect from the market plastics that are disposed of after product consumption. NEMA’s Executive Director, Tom Okurut told lawmakers on the Natural Resources Committee on Thursday, October 17 that the environmental regulator is set to hold a meeting with manufacturers aiming at forging a harmonized position…
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