dfcu Bank appointed Andrew Kabeera as the new Chief Operating Officer. A seasoned banker with experience spanning over 13 years, Andrew Kabeera is responsible for among other aspects establishing operational excellence and great experience across all touch points and driving the strategic goal of Superior financial performance on cost income ratio.

His role entails management of Business Technology Operations; Procurement; Facilities & Administration; Credit Operations and Banking Operations – all aimed at supporting the delivery of the Bank’s strategic agenda.

Andrew Kabeera joins dfcu from Standard Chartered Bank where he was the Head of Corporate and Commercial Banking Operations. Prior to that, Andrew held a number of senior positions as Head of Consumer Banking Operations; Head of Risk; Head of Governance for Technology and Operations plus Head of Banking Operations.

He has a good understanding of Banking Operations and how to derive efficiencies through a broad range of IT services. Andrew brings on board a wealth of experience having worked in a number of big centralisation projects for both Operations and IT and also has international exposure from Nigeria, UAE, Kenya, Nigeria, Zambia, Singapore and Malaysia.

Andrew was the chairman of the Operations Committee at the Uganda Bankers Association for 2 years where he delivered a number of industry wide initiatives.


dfcu Bank hands over refurbished Nakivubo Blue Primary School to Kampala City Council Authority





dfcu Bank officially handed over a refurbished Nakivubo Blue Primary School to KCCA. The handover was made at the school premises and presided over by KCCA’s Acting Director Education & Social Services Mr. Ambrose Atwoko.


The handover of the school follows a UGX 85,000,000 donation made by dfcu Bank in August last year intended for the renovation of a three-classroom block and provision of furniture. The school which is managed by the Kampala City Council Authority has over 1,000 students who come from the surrounding Owino Market and Kisenyi areas.

The refursbished block was previously a storage room for firewood. dfcu Bank's UGX 85,000,000 donation made in August last year was used for the renovation of the facility into a 3-class

Located downtown, Nakivubo Blue Primary is one of the oldest primary schools in Kampala district. Over the years, the school’s physical structures had become dilapidated and needed urgent refurbishment for a conducive learning atmosphere.


Speaking during the announcement, Jude Kansiime, dfcu Bank’s Head of Marketing said the contribution was part of the Bank’s efforts to positively impact the lives of various communities in and around the bank’s business operations.


“Guaranteeing a decent learning environment for over 200 pupils each year will go a long way in providing an avenue for children in the communities to receive a basic education in an environment conducive to learning We believe that it is the Bank’s ethical responsibility to support community development of which improving educational facilities in integral to increasing literacy levels in the country,” Kansiime says.


dfcu’s Corporate Social Responsibility program is hinged on number of pillars which include; Child and Maternal Health, Environmental Management, Community Development and Emergency Intervention. Under these pillars, dfcu Bank supports a number of initiatives with the belief that the wellbeing of the individuals and organizations which benefit from them will experience tangible transformational.

dfcu Bank's Head of Marketing_ Jude Kansiime (2nd R) unveils the refurbised classrom block at Nakivubo Blue Primary Schiool. The handover of the school follows a UGX 85,000,000 donation

KCCA Acting Director Education & Social Services, Ambrose Atwoko applauded dfcu Bank for making an investment whose benefits will extend to countless members of the Owino and Kisenyi communities- over a significant period of time.


“On behalf of the Kampala Capital City Authority, the students, parents and teachers at Nakivubo Blue Primary School, I extend our gratitude to dfcu Bank for this generous gesture which inevitably play an invaluable role in the education of thousands of students. As we strive for all round development of our city, we both appreciate and recognize the power of partnerships in getting there. I guarantee that this initiative will achieve its intended purpose of transforming the recipient communities,”Atwoko said.



dfcu Bank to Accelerate Digitization of Bank Systems in partnership with Laboremus



dfcu Bank is in the initial stages of designing an innovative solution for on-boarding new customers. This follows the signing of a contract with the FinTech Company Laboremus Uganda on the 19th of March 2018 to accelerate the digitization of its banking systems.

The contract will allow the partners to jointly design a solution that will drastically reduce the time and paperwork required for opening an account, while being adapted to the local market needs. With the expansion of agency banking in Uganda, it is key to leverage technologies such as mobile, as well as take advantage of the new National ID card system. All this will lead to banking that is safer and more convenient for customers, especially in remote areas with a special emphasis on SMEs, women in business, investment clubs and farmers.


“Technology and innovation have become key strategic areas of investment for any financial institution in the digital age. We want to leverage capacity locally and from abroad to supplement our own team and to fast track results on our banking experience,” says dfcu Chief of Business and Executive Director, William Sekabembe.

Laboremus Uganda, which is partially Ugandan owned, is part of the Laboremus Group from Norway which specialises within software for the banking sector.  In 2013, the company was set up as a joint venture in Uganda, with offices in Bugolobi. Developers in Kampala have for the last five (5) years, been closely involved in the development of solutions for the European market. The company has a dynamic team of experts, consultants, innovators and digital transformation specialists, in addition to software developers.

The partnership between dfcu Bank and Laboremus will give dfcu access to technology and practices currently applied in Scandinavia, a region known to be ahead of the rest of the world when it comes to digital banking and FinTech. In addition to development of key software, the partners will, through agile processes, develop innovations that will put dfcu bank at the forefront of the next generation of banking.

“Partnering with dfcu bank, the second-largest bank in Uganda, is a great opportunity for Laboremus to show that our combination of exposure to the Scandinavian market as well as deep knowledge of the local market can be a winning combination for innovation in the financial space”, Timothy Musoke, the Head of Technology in Laboremus adds.


dfcu Bank Rolls out A Financial Literacy Program for Women In Business (WiB)




As part of the celebrations to mark the women’s month of March, dfcu Bank has organised a series of financial literacy sessions across the country to inspire and empower women to tackle the challenges they face in the business environment.

Over 400 women in trade and agribusiness are set to benefit from these sessions to be held in Kampala, Mbale, Gulu and Mbarara.

Some of the attendants that turned up for the dfcu Bank financial literacy training sessions at Biraj Hotel.

In pushing for progress among women entrepreneurs, dfcu Bank established the Women in Business program (dfcu WiB) in 2007 to support Ugandan women entrepreneurs achieve their full potential. The program was motivated by a number of factors including the fact that despite women being over 50% of the population of Uganda, this was not proportionate to the ratio of women who are banked.


Victoria Byenkya, Manager WiB says: We have seen a significant uptake of the program with over 30,000 members currently registered – testament to the hunger and desire for growth. In order to address the knowledge & skills gap we run capacity-building sessions throughout the year and currently have over 20,000 women that have benefited from this.


Speaking during the first session at the Biraj Hotel in Nakasero down town Kampala, dfcu Bank’s Head of Consumer Banking, Denis Kibukamusoke said: “The gender imbalances in accessing credit continue to be of major concern to women. The majority of women tend to have low financial literacy levels and therefore have challenges documenting their business, articulating their plans and projections, which are key in assessing bank credit. Since inception of the Women in Business program over 4,000 women have benefited from the dfcu WiB loans but this number could be a lot better.”

Victoria Byenkya - Manager dfcu Women in Business talking to some of the women that attended the session in Kampala

“For dfcu Bank, helping women to overcome financial barriers while supporting them in their quest for growth is not just a business proposition; it is in fact an obligation,” he added.


In 2012, dfcu Bank established the Women Business Advisory Services to press for women’s economic empowerment while increasing their financial literacy as well as creating business linkages for them. Through these advisory services at the dfcu WiB Centre, regular customized workshops are undertaken in fields such as; financial advisory, business to business linkage advisory, marketing and branding, legal advisory and human resource advisory.

Victoria Byenkya appreciates Celia Kansiime at the dfcu WiB Womens day Financial literacy session (1)

To make this possible, dfcu Bank collaborated with Makerere University Business School (MUBS), Uganda Law Society (ULS) and the Institute of Certified Public Accountants of Uganda (ICPAU) to offer business and financial advisory services to thousands of women, especially those engaged in productive economic activity at no cost.




dfcu Bank receives license to offer Insurance Products

dfcu customers and the general public can now purchase a wide range of insurance products, including motor vehicle cover, fire and burglary, Child Education, goods in transit and so much more from dfcu Bank.

This after the Insurance Regulatory Authority of Uganda granted dfcu Bank a license to offer bancassurance services to its customers.

As a bancassurance agent, dfcu Bank now has greater flexibility to provide a more wholesome financial service tailored to customer needs at their convenience.

Some of the insurance covers that will be offered will include; Investment clubs cover, Salary protection cover, Hospital cover for Dembe accounts among others.

Through these covers, the bank’s customers will be able to access medical insurance, life insurance, funeral and related expenses insurance.

Speaking at the event, dfcu Bank’s Chief of Business and Executive Director; William Sekabembe said: “dfcu Bank’s customers will be able to access their insurance needs through our 67 branches countrywide hence offering more convenience to them.”

We are making all this possible for our customers by offering more holistic financial solutions for much less and conveniently. Through the tailor made insurance products, dfcu Bank customers are guaranteed a range of insurance covers at affordable cost and conveniently.

The Insurance Regulatory Authority CEO, Ibrahim Lubega Kaddunabbi commended dfcu Bank for its effort to drive growth in the banking sector through its innovative products. “By adding bancassurance to its portfolio, the Bank is ensuring the growth of the insurance sector as well. Bancassurance will also enable the insurance companies grow their network to reach more clientele that are brought together through dfcu Bank,” he said.

dfcu Bank will be offering various incentives for its customers to encourage them to subscribe to bancassurance.

“By attaching insurance to some of the bank’s products, we believe that we will contribute to the uptake of insurance. Additionally, all dfcu bancassurance operations will be regulated by the Insurance Regulatory Authority and we are committed to upholding the highest level of compliance in our operations,” Sekabembe added.

Battle for Cash” Top 20 Investment Clubs for Nairobi Study tour.

The Top 20 Investment Clubs in the recently concluded dfcu ‘Battle for Cash’ Investment Clubs Competition flew out late last week for a study tour in Nairobi. The flag off was presided over by Mr. William Sekabembe, dfcu Chief of Business and Executive Director.

The three-day study tour will cover areas like investment club formation, set up and management; Designing and Executing a Successful Investment Strategy; Compliance with laws and regulations; Funding your investment project and practical tips from the top four investment clubs in Kenya.

Between June and August 2017, dfcu Bank had teams going round the country carrying out regional saving and financial literacy workshops. Some of the topics covered included; Why and how to save; where to invest money so it can grow, things to think about when thinking of investing and so much more. This was aimed at changing the perceptions and attitudes about money, savings and investments.

dfcu Bank received applications from close to 200 Investment clubs across the country. The applications were independently vetted by PwC who were able to zero down to 20 clubs that entered the TV competition.

As part of the application process, clubs were tasked to develop a Business plan for an innovative investment project. So at the start of the show all shortlisted 20 clubs had to defend the business plan they wrote to a panel of judges to make it to the next show. The clubs were trained in different aspects and assigned weekly tasks to demonstrate their ability to put into practice what they had been taught.

Geneber Outspan Organic Farmers who were the overall winners in the competition walked away with UGX 25 million and coming in second, The Peak Investment Club won UGX 15 Million. The third winner Sikyomu Development Organisation got UGX 10 Million while the fourth and fifth clubs both got UGX 5 Million each.

In recognition of the role of women and youth in development there was a special category for women and youth. The best youth club price was scooped by Plus Save Group and Soroti Women Cooperative Union were awarded in the best women club category. Both clubs walked away with UGX 7.5 Million each.

dfcu Bank introduced the Investment Clubs program in 2007 providing a conducive platform to foster group savings. The dfcu Bank program has since grown with over 10,000 Investment Clubs that cut across all segments including students, the professionals, women and youth holding a savings turnover in hundreds of billions of shillings.

“It is not enough to simply save money if it is not growing so the Investment Club challenge was also about challenging the investments clubs and the public to think through how to grow & multiply their savings,” Sekabembe said.

An amount totaling to UGX 100 million in prize money was set aside for the Investment Club challenge including regional draws carried out in different parts of the country.

dfcu Bank invests in education through the refurbishment of Nakivubo Blue Primary School.



As part of its Corporate Social Responsibility Program, dfcu Bank has made a contribution of UGX 75 million towards the refurbishment of a three-classroom block at Nakivubo Blue Primary School.The school is currently managed by the Kampala Capital City Authority and has over 1,000 students from the surrounding Owino Market and Kisenyi areas.

The KCCA Director for education (4th left), looks on as dfcu Bank's William Sekabembe hands a dummy check to the Headteacher of Nakivubo Blue Primary School for the renovation of a class

The announcement was made during a press conference at the Kampala Capital City Council Authority offices.


The school which is located in downtown Kampala is one of the oldest primary schools in Kampala district. Overtime, its physical condition has deteriorated which has had a negative impact on its academic standards. Currently, the classroom block that will be not in use.


Speaking during the announcement, William Sekabembe, dfcu Bank’s Executive Director and Head of Business said the contribution was part of the Bank’s efforts to improve the lives of the communities in which it operates.


“Our Corporate Social Responsibility program is centered around a number of pillars which include; Child and Maternal Health, Environmental Management, Community Development and Emergency Intervention.”

Officilas from dfcu Bank, KCCA pose wit staff and students of Nakivubo Primary School. dfcu donated UGX 75 million to the renovation of a classroom block at the school.

“Under these pillars, dfcu Bank has supported a number of initiatives which we believe have significantly improved the welfare of the communities and organizations to whom they are given. Our belief is that the communities in which we operate should benefit from more than our services and products- which is why we support projects that are sustainable and whose impact will reach several members of that community”, Sekabembe said.


KCCA Executive Director applauded dfcu Bank for making an investment whose benefits will extend to countless members of the Owino and Kisenyi communities- over a significant period of time.


“On behalf of the Kampala Capital City Authority, I extend our gratitude to dfcu Bank for this generous gesture that will play an invaluable role in the education of numerous students over the years.”


“As we strive for all round development of our city, we both appreciate and recognize the power of partnerships in getting there. I guarantee that this contribution will achieve its intended purpose of transforming the recipient communities.”

dfcu Limited releases consolidated interim Financial Results


dfcu Limited has released its 2017 consolidated interim financial results- showing a 69.4% growth in balance sheet from UGX 1.8 trillion in December 2016 to UGX 3.05 trillion as at June 30, 2017.
This financial position its subsidiary, dfcu Bank, among the top 3 banks in Uganda, and squarely sets the Group on the path to transforming dfcu from a niche bank to a Universal bank.
dfcu Bank's Managing Director, Juma Kisaame adddresses stakeholders during the release of dfcu Limited's release of its consolidated interim financial results as of June 30, 2017.JPG
The performance is largely attributed to the January 2017 acquisition of Crane Bank assets and assumption of liabilities by dfcu Bank that presented numerous opportunities in line with dfcu’s growth aspirations.
Highlights of our financial position as at June 30, 2017 include: 47.3% growth in total income from UGX 173 billion to UGX 255 billion. It is important to note that this includes a bargain purchase resulting from the fair valuation of the net assets acquired and the deferred obligation.A significant 62% increase in customer deposits to UGX 1.838 trillionA Profit Before Tax position of over UGX 151 billion in comparison to UGX 30 billion over the same period in 2016. A 55.5% growth in the loan book to UGX 1.31 trillion
This positive performance comes against the backdrop of the dfcu Limited Rights Issue whose terms and conditions will be published upon receipt of regulatory approvals.

dfcu Bank increases support to St. John’s Ambulance Uganda’s emergency medical services.


As part of its Responsibility & Sustainability program, dfcu Bank Uganda has today renewed its support of emergency medical services- announcing an increment in its financial contribution to St. John’s ambulance Uganda. The announcement was made during a press briefing at the St. John’s ambulance services offices on Buganda Road.

Addressing journalists at the event, dfcu Bank’s Head of Brand Marketing Communication, Jude Kansiime said the renewed commitment was the Bank’s way of increasing its support to what is a dire situation.

dfcu Bank_s Head of Brand Marketing Communication, Jude Kansiime (C) hands over fuel cards to Christine Kasirye, the National Executive Secretary, St. John_s Ambulance during the eve

dfcu Bank has been supporting the services offered by St. John’s Ambulance for the last 5 years. This support has been in the form of monthly fuel, which is a key need if an organization wishes to provide timely emergency medical services. Today, dfcu Bank is glad and honored to announce that we will both continue with and increase our contribution to this crucial service.”


“As part of the emergency support pillar under our Sustainability strategy,  I am pleased to announce that dfcu Bank will double our monthly contribution to St. John’s Ambulance Uganda- which will allow them to operate a second ambulance and in turn provide urgently needed emergency medical services to those in need,” Kansiime added.


“Lack of sufficient emergency services is one of the leading causes of death in Uganda. Less than 10% of patients are transferred to hospitals and clinics by ambulances, which results in tragedies that could have been prevented. This is why our commitment to St. John’s Ambulance is important to us as an institution- we see it as a way to give back and improve the quality of life in the communities in which we operate,” he continued.

Christine Kasirye, the National Executive Secretary, St. John’s Ambulance commended dfcu Bank for their continued and unwavering reinforcement to its operations.

“Over the last 5 years, dfcu Bank has proved itself a dedicated and stable partner to the work that we do. One of the key elements needed for the successful provision of emergency medical services is timely arrival to the scene of the emergency and thereafter to a hospital or clinic. The monthly fuel contributions from dfcu Bank have helped us save countless lives,” Ms. Kasirye said.

dfcu Bank_s Head of Brand Marketing Communication, Jude Kansiime (L) hands over a dummy cheque to Christine Kasirye, the National Executive Secretary, St. John_s Ambulance after maki

“By providing fuel for a second ambulance, dfcu Bank is giving us the ability and means to reach more patients, provide urgent medical aid and as a result, save more lives. On behalf of St. John’s Ambulance, I extend our gratitude to the management of dfcu Bank for their pro-active support of emergency medical services,” Ms. Kasirye concluded.


With the increased funding, dfcu Bank’s contribution to St. John’s Ambulance will add up to UGX 24,000,000/- per year.

dfcu Bank to support renovation of Pece stadium for 2017 edition of East African Secondary School Games



dfcu Bank handed over 1,000 bags of cement valued at over UGX 30 million that will go towards the rehabilitation of Pece War Memorial Stadium in preparation for the 2017 edition of the East African Secondary School Games. The handover, which was made to representatives of Gulu District took place at Pece War Memorial Stadium.

Over 1,000 schools are expected to take part in the 16th edition of the East African Secondary School Games and will be hosted by St Joseph College, Layibi and Sacred Heart Girls School. The students are expected to take part in a variety of indoor and outdoor games including football, rugby, netball, basketball, volleyball, handball, hockey, chess, swimming and badminton.

IMG_20170717_130144 (1)

Speaking at the handover ceremony, the dfcu Bank Northern Regional Manager Christopher Kinyera said the contribution to the renovation of the stadium was a display of the Bank’s commitment to the development of the communities in which it operates.


dfcu Bank holds the growth of our communities in high regard- we believe that we have a responsibility to help our society make socio-economic advancements that in turn, benefit us all,” Kinyera said.


“This contribution is going to help with the renovation of Pece Stadium where these regional games will take place, and we are honored to be part of this because we understand the power of sports in Uganda.

We are aware that the people of Gulu are passionate about sports- partnered with their great hospitality, we are confident that this is the perfect venue for an activity of this magnitude. We are excited to be a part of this,” he concluded. The games are scheduled for August this year