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DFCU Bank
DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator. Overview As of December 2021, DFCU Bank had total assets of UGX:3.136 trillion (US$882.8 million), and shareholders' equity of UGX:594.03 billion (US$167.2 million). As of 30 June 2017, dfcu Bank operated 67 branches and 100 automated teller machines. As of 30 June 2020, the bank's total assets had increased to UGX:3.442 trillion (US$939 million), with shareholders' equity of UGX:599.65 billion (US$163.54 million). History The Development Finance Company of Uganda Limited was established in 1964, with its name changing in 2000 to DFCU Limited and eventually to dfcu Limited. In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became dfcu Bank. In July 2014, the BoU transferred to dfcu Bank the customer deposits of the Global Trust Bank, a small retail fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Monitor
The ''Daily Monitor'' is a Ugandan independent daily newspaper. Its name is shared by the ''Saturday Monitor'' and ''Sunday Monitor'', which are also published by Monitor Publications Limited. ''Daily Monitor'' averaged a daily circulation of 24,230 newspapers in September 2011. By the fourth quarter of 2019, that figure had dropped to 16,169 copies daily. Location The headquarters of the ''Daily Monitor'' and the Daily Monitor Publications, as well as the printing press of the newspaper, are located at 29-35 8th Street (Namuwongo Road) in the Industrial Area of Kampala, Uganda's capital and largest city. Overview The newspaper was established in 1992 as ''The Monitor'', and relaunched as the ''Daily Monitor'' in June 2005. The paper asserts that its private ownership guarantees the independence of its editors and journalists. The newspaper headquarters are housed in the same building that houses the other investments owned by Monitor Publications Limited, including ''Daily Monit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Makerere University
Makerere University, Kampala (; Mak) is Uganda's largest and oldest institution of higher learning, first established as a technical school in 1922. It became an independent national university in 1970. Today, Makerere University is composed of nine colleges and one school offering programmes for about 36,000 undergraduates and 4,000 postgraduates. The main administrative block was gutted by fire in September 2020 and the cause of the fire is yet to be established. '' U.S. News & World Report'' has ranked Makerere University as the eighth best university in Africa and the 569th best university worldwide. In the 2020 U.S. News & World Report ranking, Makerere is the highest-ranked university in sub-Saharan Africa outside of South Africa. The ''Times Higher Education World University Rankings'' for 2016 ranked it as the fourth best university in Africa. Makerere University is the alma mater of many post-independence African leaders, including Ugandan president Milton Obote and Tanz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centenary Bank
Centenary Bank is a commercial bank in Uganda licensed by the Bank of Uganda, the central bank and national banking regulator. History The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by Simeon Lutaakome, Hugh Francis Pulle, Paul Kateregga, Vincent Kirabo kya Maria, Emmanuel Mpande, and John Ogutu. In 1985, CRDT began to provide financial services to the public. The bank became a fully licensed commercial bank in 1993, after receiving a license from the Bank of Uganda. As of May 2016, Centenary Bank was the largest majority indigenous Ugandan commercial bank. In May 2009, John Giles left the seat of Managing Director after three years at the position. In 2011, the Centenary Bank launched a program with the World Bank Group to develop loans in the Ugandan agricultural sector. In 2017, Centenary launched on a new core banking platform developed by the Greek company Intrasoft International S.A. and signed a partnership with Mastercard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uganda Revenue Authority
The Uganda Revenue Authority (URA) is a government revenue collection agency established by the Parliament of Uganda. Operating under the Ministry of Finance, Planning and Economic Development, the URA is responsible for enforcing, assessing, collecting, and accounting for the various taxes imposed in Uganda. Location URA's headquarters is located in a 22-storey skyscraper, known as Uganda Revenue Authority House (URA Tower), located at Plot M 193/4 Kinnawataka Road, Nakawa Industrial Area, in the Nakawa Division of the city of Kampala, Uganda's capital and largest city. This is about , by road, east of the city center. The coordinates of the agency's headquarters are 0°19'48.0"N 32°37'10.0"E (Latitude:0.330000; Longitude:32.619444). History Allen Kagina was charged with eliminating corruption in the URA when she was appointed Commissioner General in 2004. Minister of Information Rose Namayanja said, "Under the leadership of Ms Allen Kagina, we have successsfully cleaned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Uganda
The parliament of Uganda is the country's legislative body. Unicameral, the most significant of the Ugandan parliament's functions is to pass laws that will provide good governance in the country. The government ministers are bound to answer to the people's representatives on the floor of the house. Through the various parliamentary committees, parliament scrutinises government programmes, particularly as outlined in the ''State of the Nation'' address by the president. The fiscal issues of the government, such as taxation and loans need the sanction of the parliament, after appropriate debate. Composition The Parliament has a total of 529 seats, including 353 representatives elected using first-past-the-post voting in single winner constituencies. Using the same method, 146 seats reserved for women are filled, with one seat per district. Finally, 30 seats are indirectly filled via special electoral colleges: 10 by the army, 5 by youths, 5 by elders, 5 by unions, and 5 by peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vanderbilt University
Vanderbilt University (informally Vandy or VU) is a private research university in Nashville, Tennessee. Founded in 1873, it was named in honor of shipping and rail magnate Cornelius Vanderbilt, who provided the school its initial $1-million endowment in the hopes that his gift and the greater work of the university would help to heal the sectional wounds inflicted by the Civil War. Vanderbilt enrolls approximately 13,800 students from the US and over 100 foreign countries. Vanderbilt is classified among "R1: Doctoral Universities – Very high research activity". Several research centers and institutes are affiliated with the university, including the Robert Penn Warren Center for the Humanities, the Freedom Forum First Amendment Center, and Dyer Observatory. Vanderbilt University Medical Center, formerly part of the university, became a separate institution in 2016. With the exception of the off-campus observatory, all of the university's facilities are situated on it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PineBridge Investments
PineBridge Investments (also known as PineBridge) is an American asset management firm. It was previously the asset management division of American International Group (AIG) known as AIG Investments before being sold to the Pacific Century Group in 2010. It was subsequently renamed to PineBridge Investments. History The predecessor to PineBridge was originally formed in 1996 as AIG Investments, the asset management division of AIG to oversee the group's $75 billion assets. This was done by consolidating AIG’s various investment entities into a single platform and at the time of the entity's establishment, it had 300 employees. Win Neuger who joined AIG in 1995 to lead and grow the division, was the CEO of AIG Investments as well CIO of AIG. In 2004, AIG Investments set up a joint venture with Huatai Securities forming AIG-Huatai Fund Management (now known as Huatai-PineBridge Fund Management). By 2008, the size of AIG's investments had reached $712 billion. Due to the F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Social Security Fund (Uganda)
The National Social Security Fund (NSSF) is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community, with assets of USh15.5 trillion (approx. US$4.406 billion), as of June 2021. History In February 2009, the President of Uganda fired the minister of finance, whose ministry supervises the activities of NSSF. Also terminated were the managing director of the NSSF. A new board of directors and a new management team were appointed in 2009. In late 2010, NSSF underwent a restructuring process aimed at making it more efficient, competitive, and responsive to the needs of its members. It was then poised to provide a wide range of socia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Fund For Developing Countries
Investment Fund for Developing Countries (''Investeringsfonden for Udviklingslande'') (IFU), is a Development Financial Institution owned by the Government of Denmark. IFU is a self-governing, state-owned fund, whose objective is to promote economic and social development in developing countries. The Fund provides risk capital and advice to companies wanting to do business in parts of Europe, Asia, Latin America and Africa. Investments are made on commercial terms in the form of loans and equity, with the purpose of contribution to economic and social development in the investment countries and support the attainment of the United Nations Sustainable Development Goals. Location The headquarters and main offices of IFU are located at Fredericiagade 27, 1310 Copenhagen K, Denmark. The geographical coordinates of the company headquarters are:55°41'08.9"N, 12°35'24.5"E (Latitude:55.685806; Longitude:12.590139). IFU also maintains regional offices in Africa, Asia, Latin America, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crane Bank
Crane Bank Limited is a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank Limited was closed by Bank of Uganda (BoU) on October 20, 2016, after it failed to comply with a capital call on July 1, 2016. On February 11, 2022, Supreme Court dismissed Bank of Uganda’s appeal against Sudhir Ruparelia and Meera Investments, and ordered the central bank to directly pay costs at all Court levels. Overview The bank was a large financial services provider in Uganda. As of 31 December 2015, Crane Bank's assets were UGX:1.81 trillion, with shareholders' equity of UGX:281.43 billion. In October 2015, it had more than 750,000 customers. History Crane Bank started operations on 21 August 1995 "with a vision of being the larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
