Isingiro district gets first bank
Publish Date: Nov 17, 2009
Newvision Archive
  • mail
  • img

By Wilfred Sanya

THE Minister of Trade Tourism and Industry, Kahinda Otafiire, has urged the people of Isingiro district to transform their businesses by getting loans.

“Time has come for you to change your lives, make use of the loan facilities at dfcu bank. Many people fear loans but this the only way you can expand your economic resources,” Otafiire said.

The minister was on Saturday officiating at the launch of the dfcu Bank in the district, the first bank in the new district. “I congratulate the board of directors upon their decision to implement an expansion programME aimed at increasing the bank’s points of representation and therefore delivery of financial services to the public,” he said.

The Government, he said, recognises the importance of the financial sector in the growth of the economy and has put in place policies to enhance the growth and strength of this sector.

The Government continues to encourage more banks to expand their operations outside Kampala, he added. “Since the start of the decentralisation programme, a lot of money has moved out of Kampala to the districts. So it is in the districts where the money is,” he said.

Otafiire urged residents to desist from keeping cash at home or on themselves. “What if you get arrested or thieves waylay you?” he asked.

He challenged the area MPs to identify three small-scale sustainable industries in their constituencies and forward them to his ministry for possible support.

Juma Kisaame, the bank’s managing director, welcomed business people in the district to approach the bank with business plans and access loans.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact

  • mail
  • img
blog comments powered by Disqus
Also In This Section
FORMER president Dr. Apollo Milton Obote has been honoured for his distinguished service to Busoga College Mwiri and the nation....
THE Ministry of Health has appealed to religious groups to counsel men to stop having extramarital sex to stem the raising rates of HIV infections....
THE Chinese community in Uganda on Tuesday celebrated their 62nd independence anniversary....
MAKERERE University has sued the National Insurance Corporation (NIC) over a sh16.7b pension savings package it claims the insurance giant owes it....
PRESIDENT Yoweri Museveni will lead the alumni of the University of Dar-es-Salaam in Uganda to a fundraising drive targeting sh1b for the Tanzania-based institution....
THE UPDF officers, dressed in neatly pressed uniforms complete with gleaming black boots, took to the podium, many accompanied by their spouses. Then, they were decorated....
Is Uganda ready for the pope's visit?
Can't Say
follow us
subscribe to our news letter