dfcu Bank ignites economic growth in Western Uganda with Fort Portal branch opening

dfcu Bank inaugurated its 55th branch in the vibrant Fort Portal Tourism City, marking a significant stride in its mission to deepen financial inclusion and fuel economic expansion across the Western region.

Strategically situated on Babiiha Road, this new hub aims to be a catalyst for growth, serving individuals, entrepreneurs, and Small and Medium-sized Enterprises (SMEs) throughout the Tooro Sub-region, encompassing Kabarole, Kyenjojo, Kamwenge, Bunyangabu, and Kasese districts.

The launch of the Fort Portal branch underscores dfcu Bank’s unwavering commitment to empowering communities by providing comprehensive financial services. These services are designed to enhance access to credit, bolster the crucial agribusiness sector, and invigorate the region’s burgeoning tourism and trade industries.

During the opening ceremony, Kate Kiiza, Executive Director at dfcu Bank, articulated the bank’s ambitious growth strategy and its enduring dedication to Uganda’s development.

“For over 60 years, dfcu Bank has been instrumental in transforming lives and businesses across Uganda. The establishment of our Fort Portal branch is a pivotal step in accelerating growth in this region, a place brimming with immense potential in agriculture, tourism, oil, and trade,” Kiiza stated.

“Beyond offering essential financial solutions, we are actively creating employment opportunities, championing SMEs, and empowering families and communities to prosper. This investment is a testament to our profound belief in the boundless potential of Western Uganda.”

The sentiment was echoed by Guest of Honour, Richard Rwabuhinga, LC V Chairman for Fort Portal Tourism City, who lauded the investment’s potential. “This new branch solidifies Fort Portal’s standing as a burgeoning economic powerhouse,” Rwabuhinga commented.

“With an array of services, from savings accounts and SME loans to agent banking, dfcu Bank is providing invaluable support to our traders, farmers, tourism operators, and families. This will undoubtedly accelerate the development of thriving businesses, improve livelihoods, and significantly contribute to the region’s role in Uganda’s national growth narrative.”

Annette Kiconco, Chief Retail Banking Officer at dfcu Bank, emphasized the bank’s targeted approach to key sectors.

“Our strategy is firmly rooted in supporting agriculture, trade, and business development. Fort Portal is a recognized agricultural hub, and dfcu Bank is dedicated to equipping farmers, cooperatives, and agribusiness ventures with specialized financial products,” Kiconco explained.

“We believe in optimizing our channels, seamlessly integrating our physical branches, robust digital platforms, and our extensive agent banking network to ensure that no one is left behind in accessing financial services.”

The Fort Portal branch will introduce advanced digital banking solutions to the region, including internet banking and mobile banking, complementing dfcu Bank’s nationwide network of over 20,000 agent banking outlets.

Beyond financial products, dfcu Bank is committed to fostering entrepreneurship through its renowned training, financial literacy programs, and mentorship initiatives, with a particular focus on uplifting women via its dedicated Women in Business Program.

Founded in 1964 as the Development Finance Company of Uganda, dfcu Bank has evolved into a leading financial institution, playing a crucial role in Uganda’s economic transformation by supporting large-scale development projects, nurturing entrepreneurship, and delivering innovative financial solutions. Its purpose-driven mission continues to be transforming lives and businesses across the nation.

In Uganda, SMEs are vital contributors, accounting for over 80% of private-sector employment. They form the backbone of the Fort Portal economy, dominating sectors like agribusiness, hospitality, and retail.

dfcu Bank’s expansion in Fort Portal ensures that these businesses gain crucial access to affordable credit, modern financial tools, and expert advisory support, enabling them to scale sustainably and compete effectively.

With the opening of its 55th branch, dfcu Bank further cements its position as a key enabler of inclusive economic growth, job creation, and innovation throughout Uganda.