In a major boost to Uganda’s vehicle financing landscape, dfcu Bank has teamed up with World Navi Company Limited, a trusted Japanese motor vehicle dealership, to launch a new Vehicle…
dfcu Bank has officially launched the dfcu Foundation in Mbarara district, a rebrand of the Agribusiness Development Centre (ADC) under the theme ‘’A New Name, A Renewed Commitment’’. The launch…
In Africa’s fast-growing business landscape, securing funding is both an opportunity and a challenge. For entrepreneurs looking to scale their businesses, two major financing paths stand out: Private Credit and Venture Capital (VC)….
By Julius Akais Osauro In Uganda, agriculture is not just an economic sector, it is the heartbeat of the nation resting on the shoulders of its smallholder farmers. Yet, these…
NCBA on Monday renewed its partnership with the African Guarantee Fund (AGF) to enable the Group provide financial solutions to SMEs, through an enhanced guarantee agreement of KES 3 billion…
Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…
By Gloria Kunihira Mujuni, Head -Retail Products, dfcu Bank. Access to finance is a fundamental pillar for economic growth, yet many individuals, small businesses, and educational institutions in Uganda struggle…
The bridge between agency banking and Islamic banking could revolutionize the way banking services are delivered and consumed in Uganda. When Islamic banking was introduced in Uganda, it generated a mix of skepticism and excitement. Rooted in Shari’ah principles that emphasize ethical and accessible financial solutions, the concept intrigued both Muslim and non-Muslim communities. However, despite the amendment of the Financial Institutions Act in 2016 to accommodate Islamic banking and the subsequent establishment of Shari’ah-compliant financial institutions, the sector’s growth has remained sluggish. This slow expansion persists despite the availability of competitive product offerings tailored to Uganda’s diverse financial landscape….
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Legitimate Money Lenders have urged the government to closely monitor economic activity during the Christmas season while re-opening dialogue on lending rates. Through the Money Lenders Association of Uganda (MLAU), comprising legitimate, ethical money lenders registered with the Uganda Microfinance Regulatory Authority (UMRA), the money lenders have called for the Government and economists to reconsider the policy capping lending rates. Legal Notice No. 21 of 2024 under the Tier 4 Microfinance Institutions and Money Lenders Act, Cap 61 issued by the Ministry of Finance, Planning and Economic Development Minister Hon. Matia Kasaija, recently capped the minimum interest money lenders can…
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