Wednesday, July 16, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

INTERVIEW: dfcu Bank clarifies on latest campaign ‘Sukuma Business ne dfcu’ after backlash

by WINNIE NAKAMATTE | REPORTER
10/08/2022
in News
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter
William Kayongo, Senior Manager, Enterprise Banking at dfcu Bank
William Kayongo, Senior Manager, Enterprise Banking at dfcu Bank

KAMPALA — dfcu Bank recently launched a campaign ‘Sukuma Business ne dfcu’ to give Micro, Small and Medium Enterprises (SMEs) in Uganda an opportunity to enjoy banking while operating an account that speaks to their business needs at their convenience.

Through this campaign, SMEs can open Personal Current and Enterprise Current Accounts and reap immense benefits.

Related posts

Be God-Conscious, Mufti Tells Politicians

14/07/2025
160
Benedicto Kiwanuka Galiko , a petitioner in a number DP cases currently before court.

DP member Galiko threatens to petition Principal judge

13/07/2025
177

President Museveni Honours Chief Justice Owiny – Dollo’s legacy and service to the Country

13/07/2025
218
The late Fatumah Nabiwemba (Courtesy photo)

Assistant DPP Nabiwemba to buried on Saturday

11/07/2025
272

William Kayongo, Senior Manager, Enterprise Banking at dfcu Bank gives more insight into the new campaign.

QN: Please tell us about this new campaign.

ANS: We recently launched a campaign ‘Sukuma Business ne dfcu’ and as part of this campaign, we are calling upon SMEs in all regions – Central, Metro, East, West and Northern Uganda – to open accounts that speak to their business needs at their convenience. The two accounts are the Personal Current account and the Enterprise Current account.

In summary, we have designed accounts that are very affordable for the common person offering convenient banking while improving their business experience.

QN: This campaign mainly targets SMEs. Why SMEs?

ANS: Statistics from the Uganda Investment Authority show us that SMEs are Uganda’s engine of growth, spread across all sectors with 49 per cent in service sector, 33 per cent in commerce and trade while 10 per cent are in manufacturing. They remain the key drivers in fostering innovation, wealth creation and job creation in Uganda and yet they continue to face challenges in accessing affordable banking and credit.

With this campaign, dfcu is committed to ensuring SMEs are given an opportunity to thrive succeed, improve their livelihoods and contribute to the growth of our Economy.

QN: What are some of the features that differentiate these accounts from other accounts on the market?

ANS: As I mentioned earlier, dfcu Current Accounts are a great choice for individuals operating business-designed for Micro, Small, medium, and large enterprises wanting to grow their business while providing access to affordable and reliable financial solutions.

The dfcu Personal Current Account is a great choice for a client whose transactions are typically business-like. It is available in multiple currencies of UGX, USD, EUR, and GBP with an opening deposit of UGX 50,000, USD 100, GBP 100 or EUR 100. A Visa Debit card is issued upon opening of the account.
The dfcu Enterprise Current Account offers benefits specifically for medium and large entities wanting to grow their business while providing access to financial solutions that meet specific business needs. It is available in currencies of UGX and USD and requires an opening deposit of only UGX 100,000 or USD 100.

Both accounts have no minimum amount, no account management fees and account openers receive a checkbook.

QN: Who qualifies to open these accounts and how easy is the account opening process?

ANS: Individuals that are above 18 years operating a legitimate business in Uganda and would wish to access their money on demand qualify to open a Personal Current Account. For the Enterprise Current Account, Companies (Medium and large businesses) , Sole proprietorships, Partnerships, Societies & associations, and Professional practitioners all qualify.

It is very easy to open any of these accounts. You simply have to visit the nearest dfcu Bank branch or contact your relationship manager.

The requirements for a Personal Current Account include a Valid identification document (National ID for Ugandans or Passport for foreigners and two Colored passport-size photos.

For the Enterprise Current Account, requirements depend on the entity type, whether it is a Limited Liability company, a partnership, sole proprietorship, or a school. These requirements are available on our website and social media channels.

QN: Upon opening of these accounts, what are some of the benefits that SMEs stand to gain.

ANS: Generally speaking, SMEs will reap several benefits.

Starting with the Personal Current Account, SMEs will benefit through;
• Access to dfcu business Loans and any other financing needs the business may require. (Contract/Supplier Financing, Bidding process, Asset Financing, Project Financing, Agriculture Finance, Trade Finance, affordable Insurance rates and benefits including Insurance Premium Finance)
• Ability to operate accounts in multiple currencies
• 24/7 access to the account through dfcu Quick Banking and Smart ATMs for cash deposits and withdraws.
• Security of account activity through SMS alerts
• No limit on access to funds within balances
• Account can be operated as a joint current account.
• No monthly management fees for all currencies
• Access to account balance inquiry, funds transfer, bill payments, school fees payments, and Airtime top-up.
When it comes to the Enterprise Current Account, SMEs stand to benefit through;
• Access to dfcu loans and any other financing needs the business may require. (Contract/Supplier Financing, Bidding process, Asset Financing, Project Financing, Agriculture Finance, Trade Finance, affordable Insurance rates and benefits including Insurance Premium Finance)
• 24/7 access to the account through dfcu Quick Connect
• Access to monthly e-statements
• No monthly management fees for all currencies
• Ability to operate accounts in multiple currencies.

QN Any last words?

ANS: The economic challenges brought about by the Covid-19 pandemic over the past two years have made it very challenging for many SMEs to continue operating profitably in Uganda. With this campaign, we are bringing relief through affordable banking and access to quick and easy financing solutions tailored to your business cycle.

I call upon all individuals and SMEs to visit their nearest dfcu Bank Branch to get more information and sign up for a Personal or Enterprise Current Account.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Enterprise Banking at dfcu BankFeaturedSenior ManagerSukuma ne dfcuWilliam Kayongo

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
312

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
638
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1.5k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
510
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4382 shares
    Share 1753 Tweet 1096
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    4126 shares
    Share 1650 Tweet 1032
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2669 shares
    Share 1068 Tweet 667
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3324 shares
    Share 1349 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1785 shares
    Share 714 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1652 shares
    Share 661 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Uganda Secures First Tranche of World Bank’s Shs170 Billion for Manufacturing

15/07/2025
Hon. Robert Kyagulanyi Ssentamu and other officials at ULS headquarters on Tuesday.

Lawyers Should emulate Justice Kanyeihamba – Hon. Kyagulanyi

15/07/2025
Ugandan Mandela Washington Fellows launched a campaign to raise UGX 100M ($26,000 USD) for the Kampala School for the Physically Handicapped. The initiative seeks to improve accessibility and education.

Ugandan Mandela Fellows Seek UGX 100M for Physically Handicapped School

15/07/2025

Plascon Spotlights Automotive Paint at Concluding Kampala Auto Show

15/07/2025

EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now

15/07/2025
Museveni opens Busega Market

Museveni commissions Busega market as he kicks off wealth creation tour in Kampala

15/07/2025
Makerere University announces new tuition fee waiver scholarships for 40 disadvantaged female students for the 2025-2026 academic year. Learn eligibility and apply by Aug. 8.

Makerere University Announces New Scholarships for Female Students

15/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Uganda Secures First Tranche of World Bank’s Shs170 Billion for Manufacturing
  • Lawyers Should emulate Justice Kanyeihamba – Hon. Kyagulanyi
  • Ugandan Mandela Fellows Seek UGX 100M for Physically Handicapped School
  • Plascon Spotlights Automotive Paint at Concluding Kampala Auto Show
  • EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now
  • Museveni commissions Busega market as he kicks off wealth creation tour in Kampala

OpED

EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now

NICHOLAS SENGOBA: Gen Moses Ali, ghetto mentality and why Baganda are ‘hard’ to please

Equipping Youth with Skills for a Sustainable Future: A Mission We Must All Embrace

Fueling the Future: How Pesapal’s Forecourt Management Solution is Transforming Uganda’s Petroleum Sector

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d