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As Northern Uganda continues to achieve and drive economic transformation, dfcu Bank stands hand in hand with the region, equipped with a strategic plan and the resources required to support the region’s burgeoning potential.
The bank’s innovative solutions, localised products and community interventions aim at fostering sustainable development by channelling investment into key areas that will benefit the region’s inhabitants, businesses and communities.
More recently, Northern Uganda has gained attention for its significant mineral deposits, including gold, copper, graphite and rare earth elements. This resource boom promises to reshape the local economy, creating new opportunities for businesses and communities.
However, like Charles Mudiwa, dfcu Bank’s Chief Executive Officer noted in his remarks to customers of the bank during a series of client-dinners, “…realizing this potential requires financial backing, infrastructure development, and strategic planning—areas in which dfcu has achieved significant impact, in its sixty-year history.”
Speaking to customers in Lira and Gulu districts, Mudiwa noted that the Bank has a long history of business and asset financing which enable the development of critical infrastructure.
“Our goal is to empower local businesses and entrepreneurs with tailor-made financial products and services, including loans. This will help businesses scale up operations, improve their technological capabilities, and integrate more fully into the region’s resource supply chain,” he noted.
Led by Mudiwa, the Bank’s Management team engaged with customers and local leaders in Lira, Pader, Abim, Kitgum, Gulu, Arua and Dokolo, over a period of 5 days.
The Bank also made a commitment to community investments, recognizing the importance and impact of social responsibility.
“dfcu Bank will continue to invest in community development projects, financial literacy programs and entrepreneur skills training so that we can effect far-reaching positive changes in our communities,” Mudiwa added.
Additionally, the CEO pledged to practice Sustainable Development Initiatives by supporting environmentally and socially responsible businesses.
“dfcu will support initiatives that align with sustainable development goals, ensuring that the work which we participate in and the companies we partner with are socially and environmentally compliant and safe,” he said.
In several meetings, Bank’s Management team met with and reassured the local area leaders and organisations of its support through partnerships, skills’ development and financing of various programs and projects.