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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 and since then, has contributed to national socio-economic transformation, growing together with Uganda since her independence. Serving as an international commercial bank with a deep-rooted commitment to Uganda over the past six decades, the Bank has played a pivotal role in financing the establishment and growth of local businesses and supporting the country’s economic growth and development. With a bank network of 54 branches spread across Uganda and…
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Arise, a leading African investment company backed by three reputable cornerstone investors, namely Norfund, Rabobank, and FMO has appointed Mr. Albert Jonkergouw as the Acting Chief Executive Officer of Arise as of 1 January 2022. “We are pleased to announce that the Arise Supervisory Board and shareholders have appointed Albert Jonkergouw as the Acting Chief Executive Officer of Arise as of 1 January 2022. Mr. Jonkergouw, who joined Arise in July last year as the Chief Financial Risk Officer, also serves as a member of the Arise Management Board,” they announced. “With the support of the Arise team he will…
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According to a source at the Uganda Securities Exchange (USE), IFU reportedly paid UGX645 per share, meaning they paid UGX48.1 billion for the 74,580,276 shares. The deal values dfcu at UGX482.5 billion.
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