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In September 2019, Uganda's Finance Ministry increased the amount of protected deposits from UShs3 million (US$830) to UShs10 million (US$2,760). [7] As of that date, the fund covered deposits in 34 contributing financial institutions, including 24 commercial banks, 5 credit institutions and 5 micro finance deposit-taking institutions.
The Development Finance Company of Uganda Limited was established in 1964, with its name changing in 2000 to DFCU Limited [5] and eventually to dfcu Limited. [10] In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became dfcu Bank.
EFC Uganda Limited (EFCUL), also known as EFC Uganda, was a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024. [ 1 ]
These included the Uganda Cooperative Bank, Greenland Bank, the International Credit Bank, Teefe Bank, and Gold Trust Bank. The Uganda Commercial Bank (UCB) was initially privatized through a sale of its majority shares to a purported company from Malaysia. It later became public, however, that the actual buyer was a partnership between ...
The fund invests in physical gold, and its performance is highly correlated to gold spot prices. 2024 YTD performance: 23.6 percent Five-year annual return: 10.8 percent
This is a list of regulated "Microfinance Deposit-taking Institutions" in Uganda. They are supervised and regulated by the Uganda Microfinance Regulatory Authority (UMRA). [1] FINCA Uganda Limited [2] Pride Microfinance Limited [2] UGAFODE Microfinance Limited [2]
It is estimated to contain 1,000 metric tons of gold, valuing around 600 billion yuan or almost $83 billion. However, some experts question the feasibility of this finding and whether the scope is ...
Magnus International Resources (US), Anglo Uganda Corp. (UK), and Grey Crown Resources Ltd. (Canada) are some of the foreign companies working for gold extraction in Uganda. [10] Gold mining is also done by artisans. [1] The first case of gold production was recorded in 1992, and, in 2000 Uganda, produced 56 kilograms (123 lb) of gold. [11]
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