DFCU Limited Commemorates Six Decades of Transformative Service in Uganda
Kampala, Uganda 20th May: Celebrating six decades of impactful service, dfcu Limited reaffirms its commitment to ‘Transforming Lives and Businesses in Uganda’. Established in 1964 as a development finance institution, dfcu has been a cornerstone in Uganda’s socioeconomic evolution since its inception.
Operating as a robust international commercial bank with unwavering dedication to Uganda, dfcu has played an indispensable role in financing the growth and establishment of local enterprises, thereby catalyzing the nation’s economic development. With a network of 54 branches and over 20,000 agent banking outlets, dfcu Bank has earned its reputation as a reliable ally for both individuals and businesses.
Charles Mudiwa – The Managing Director of DFCU Bank
dfcu Bank remains deeply invested in community empowerment, helping individuals and enterprises attain their financial aspirations through an extensive distribution network and initiatives such as Women in Business, Rising Woman, and the SME Business Accelerator for Small and Medium Enterprises.
Reflecting on this momentous milestone, Charles M. Mudiwa, CEO of dfcu Bank, remarked, “Our future begins with immense gratitude for this accomplishment. We have weathered many challenges and fortified our presence. As we celebrate 60 years of delivering transformative financial services, we owe our success to the steadfast trust of our customers, the enduring confidence of our regulators, and the insightful leadership of the Government of Uganda.”
In the agricultural sector, dfcu Bank has been instrumental through the Agribusiness Development Centre (ADC), enhancing the national agriculture value chain and fostering the financial viability of farmer-based organizations (FBOs), Small and Medium Enterprises (SMEs), and Savings and Credit Cooperatives (SACCOs). ADC’s initiatives have positively impacted over 28,000 individuals and entities, bolstering the growth and sustainability of agribusiness in Uganda.
Chairperson – Dr. Winifred Mary T.Kiryabwire
urthermore, dfcu Bank has consistently advocated for women-led initiatives, offering a suite of products, services, and partnerships designed to enhance the financial well-being of women throughout Uganda. Since the launch of its groundbreaking Women in Business Program in 2007, the bank has supported over 80,000 women-owned businesses, continually innovating to meet the unique needs of Ugandan women entrepreneurs.
Dr. Winifred Mary Tarinyeba Kiryabwire, Chairperson of the Board of Directors at dfcu Bank, attributes the institution’s success to a culture of accountability and visionary leadership. “Commemorating our 60-year journey is a testament to a deeply ingrained culture of accountability and forward-thinking leadership,” she stated.
As part of its enduring commitment to serving all regions of Uganda, the bank’s Executive Team, led by CEO Charles M. Mudiwa, is conducting a series of customer engagements across various towns and cities. These interactions underscore the bank’s dedication to understanding and meeting customer needs, fostering a symbiotic and prosperous relationship.
Jimmy D. Mugerwa, Chairman of the Board of Directors at dfcu Limited
Jimmy D. Mugerwa, Chairman of the Board of Directors at dfcu Limited, reflected on the bank’s growth, stating, “Our evolution from a Development Finance Company to one of Uganda’s largest Commercial Banks has been propelled by the vision of our funders and shareholders and our formidable investors who have consistently supported our growth and expansion.”
