Wednesday, April 21We Break the News

dfcu Bank

DIGITAL FINANCIAL SERVICES EXTEND CREDIT TO UNBANKED UGANDANS

DIGITAL FINANCIAL SERVICES EXTEND CREDIT TO UNBANKED UGANDANS

AFRICA, Bank Of Uganda, Banking World, dfcu Bank, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, MTN, TECHNOLOGY
Slightly over one in every three Ugandans have a bank account, with a reported 16.5 million Ugandans still using traditional saving methods such as physical cash, livestock and agriculture. With only 16 million bank accounts in the country, over half of the population has no access to savings or credit through financial institutions, as drivers of capital investment and, ultimately a higher rate of economic growth. Digital financial services, however, are playing a pivotal role in plugging this divide as various institutions are partnering to enhance access to financial services for the unbanked. Take for instance the MoKash platform in which customers of Ugandan mobile telecommunications company MTN can save from as low as Shs50 and borrow amounts from Shs3000 to Shs1 ...
Agricultural Stewards Recognized & Celebrated during the Best Farmers Awards

Agricultural Stewards Recognized & Celebrated during the Best Farmers Awards

AFRICA, Banking World, dfcu Bank, EAST AFRICA, European Council, EUROPEAN UNION, HUMAN INTEREST STORIES, INTERNATIONAL, TECHNOLOGY, UAE, UGANDA, WORLD
For the sixth time running, dfcu Bank in partnership with Vision Group, the Netherlands Embassy, KLM Airlines and Koudjis Nutrition B.V have rewarded farmers across the country in an initiative dubbed ‘Best Farmer’s Competition’. The annual competition seeks to celebrate farmers, showcase how farming is contributing to the economic development of the country and rally the public to embrace commercial farming. Overall Winners Mathias Katamba, dfcu Bank’s CEO, commended the 13 farmers that emerged victorious and urged other farmers to embrace modern farming as Uganda’s future lies therein. “Uganda currently supplies, to the UAE and other European markets, tons of fresh produce such as fruits and vegetables, fish, flowers, honey etc. With the best climate and environment to support agr...