Wakiso District Archives – CEO East Africa

Powered by dfcu: How a Bank Overdraft, Grit, and Vision Lifted Dr. Richard Wemesa onto Uganda’s Best Farmers List

Paul MurungiBanking & Financial Services Company NewsDecember 22, 2025December 22, 2025

When Dr. Richard Wemesa was announced as second runner-up at the 2025 Best Farmers Awards, the applause that followed did not merely celebrate a well-run farm in Wakiso District. The Vision Group’s Best Farmers Awards, in partnership with dfcu Bank, KLM, and the Netherlands Embassy, is an annual initiative recognizing outstanding Ugandan farmers, featuring transparent judging, significant cash prizes, and learning trips to the Netherlands to promote modern, sustainable agriculture. Dr. Wemesa’s national recognition as one of Uganda’s best farmers acknowledged something deeper: a story of patience, failure, reinvention and the quiet power of timely finance. At the heart of…

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dfcu Bank, Rotary Uganda take free health camp to Kasenyi Landing Site as more than 1,000 residents turn up for essential healthcare

Brian EmorutCompany News News & AnalysisNovember 3, 2025November 3, 2025

Even as rain poured down on Saturday morning, hundreds of residents at Kasenyi Landing Site gathered to receive much-needed medical attention. By the end of the day, more than 1,000…

Three Banks Move to Auction Late Billionaire Aponye’s Properties Over UGX 15 Billion Loan Arrears

Paul MurungiBanking & Financial Services The Big StoryJuly 3, 2025July 3, 2025

A consortium of commercial banks has initiated proceedings to auction off several prime properties belonging to the late billionaire businessman, Apollo Nyegamehe, popularly known as Aponye, in a sweeping debt recovery effort targeting loan arrears exceeding UGX 15 billion. According to sources close to the matter, dfcu Bank and the Uganda Development Bank (UDB) are among the financial institutions actively pursuing recovery of non-performing loans that were extended to Aponye’s business empire, primarily through his flagship company, Aponye (U) Limited. The debt portfolio, which has grown due to interest accumulation and prolonged non-repayment, is reportedly higher than initially estimated, with…

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Ugandan court orders Kenyan businessman Atul Shah to pay UGX 1.3 billion rent arrears for defunct Nakumatt supermarket

Paul MurungiEast Africa Legal & Justice The Big StoryFebruary 24, 2025February 25, 2025

The Commercial Division of the High Court in Uganda has ordered Kenyan businessman Atul Shah to pay Megha Industries Uganda $358,431 (UGX 1.3 billion) and UGX 24.3 million for breach of a lease agreement linked to defunct Nakumatt Uganda. The case, presided over by Justice Patience T.E. Rubagumya, arose from a dispute over unpaid rent and utility bills for retail space at Victoria Mall in Entebbe, Wakiso District. Court found that Mr Shah, as a co-principal debtor and surety under a tenancy agreement signed in 2017, was liable for the unpaid rent arrears due to Nakumatt Uganda that had remained…

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