Daily Archives: August 19, 2022

Big Storm: How DFCU Bank Was Dragged Down By Crane Purchase As Other Banks Report Stellar Profits

While Uganda’s banking sector recorded strong financial results for 2021, the Development Finance Company of Uganda (DFCU) Bank continues to reel from its acquisition of Crane Bank in 2017 and the fallout from the Covid-19 pandemic. The third-largest domestic bank in Uganda in terms of assets recorded a 46% drop in profit to USh9.3bn ($2.6m)…

Victoria University Hails President Museveni for Granting them Charter

Victoria University has appreciated President Museveni for granting them a charter. “As Victoria University, we believe that this charter is a confirmation that we are a leading University in Uganda, East Africa, and Africa in offering Experiential and Work Integrated Learning. We are determined to produce graduates with employable skills and capacity to creatively employ…