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Geneber Outspan Organic Farmers wins the dfcu Bank Savings and Investment challenge



Geneber Outspan Organic Farmers are the ‘Battle for Cash’ winners

dfcu Bank, in partnership with NTV Uganda and Price Waterhouse Coopers (PwC) have just concluded a nationwide campaign targeted at driving a savings and investment culture in Uganda. The campaign, which has been running over the last three months, was a TV show competition dubbed ‘Battle for Cash’.

Between June and August, dfcu Bank had teams going round the country carrying out regional saving and financial literacy workshops. Some of the topics covered included; Why and how to save; where to invest money so it can grow, things to think about when thinking of investing and so much more. This was aimed at changing the perceptions and attitudes about money, savings and investments.

dfcu Bank received applications from close to 200 Investment clubs across the country. The applications were independently vetted by PwC who were able to zero down to 20 clubs that entered the TV competition.

As part of the application process, clubs were tasked to develop a Business plan for an innovative investment project. So at the start of the show all shortlisted 20 clubs had to defend the business plan they wrote to a panel of judges to make it to the next show. The clubs were trained in different aspects and assigned weekly tasks to demonstrate their ability to put into practice what they had been taught.

“We are grateful to dfcu Bank for championing this cause as part of financial literacy in Uganda. An enlightened community will always invest wisely so we encourage all able men and women should come together and form savings clubs to guarantee their future,” said Ag. Managing Director, NTV Uganda Johnson Omolo.

Geneber Outspan Organic Farmers who are the overall winners walked away with UGX 25 million and coming in second, The Peak Investment Club won UGX 15 Million. The third winner Sikyomu Development Organisation got UGX 10 Million while the fourth and fifth clubs both got UGX 5 Million each.

In recognition of the role of women and youth in development there was a special category for women and youth. The best youth club price was scooped by Plus Save Group and Soroti Women Cooperative Union were awarded in the best women club category. Both clubs walked away with UGX 7.5 Million each.

Speaking during the Battle for Cash grand finale and awards gala, the dfcu Bank Executive Director and Chief of Business William Sekabembe said; “In terms of changing culture, you will appreciate that it takes some time. What we have seen though, over the last six months, is growth in the number of investment clubs opened with dfcu Bank across the country. Even more important we have seen several Clubs reorganizing themselves and becoming more focused in terms of developing ideas for investment.”

dfcu Bank introduced the Investment Clubs program in 2007 providing a conducive platform to foster group savings. The dfcu Bank program has since grown with over 10,000 Investment Clubs that cut across all segments including students, the professionals, women and youth holding a savings turnover in hundreds of billions of shillings.

“It is not enough to simply save money if it is not growing so the Investment Club challenge was also about challenging the investments clubs and the public to think through how to grow & multiply their savings,” Sekabembe added.

“We have had a lot of learning from specialists in different areas of business. The exposure that we have got has been very important and it has helped improve the running of our businesses. It has been a great opportunity to get ideas on how to handle different business challenges.” Said Geneber Outspan Organic Farmers the winner of the Battle for Cash finale.

According to the Ambassador of France to Uganda, Stephanie Rivoal, chief guest at the grand finale and awards gala, Uganda’s young population presents an incredible opportunity to spur growth and achieve Vision 2040 of a transformed, modern and prosperous country.

“Government together with the private sector can make this dream a reality through policies and ventures that favour entrepreneurship, innovation, sustainable investments and a savings culture among the population. dfcu Bank’s Investments Clubs initiative deserves an applause.” she added.

During the Battle for Cash challenge, emphasis was put on two special groups of women and youth. Clubs with 100% composition of these special groups applied to enter the competition and were added into a special category for Women and Youth clubs, increasing their chances of winning. This was in belief that these two categories play a major role in the development of communities and Uganda as a whole.

An amount totaling to UGX 100 million in prize money was set aside for the Investment Club challenge including regional draws carried out in different parts of the country. Additionally, one delegate from each of the 20 selected clubs that entered the competition is to be sponsored to attend a study tour in Nairobi in January 2018. This as the top seven clubs will receive free advisory services for a period of one year courtesy of PwC.


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Entertainment News





  • MTN Shortz allows subscribers to post video content
  • There is an opportunity for content created to generate revenue
  • Video content of up to 10 minutes can be uploaded
  • To subscribe and upload, visit

MTN Uganda’s Snr Manager Digital, Susan Kayemba explaining how MTN Shortz works at The Square industrial area at the launch.

MTN Uganda in a continuous drive to become a digital company has today launched MTN Shortz, a short video streaming platform. MTN Shortz is a mobile-only service that allows subscribers to upload videos of no more than 10 minutes. MTN Shortz is available through mobile phones only on

The streaming service allows subscribers to directly post video content from their mobile devices.

“MTN is creating an opportunity for its subscribers to create video content and earn from it. As the leading tech brand in Africa, we are always looking for ways to use technology to provide services that uplift the quality of life in the markets where we operate and so MTN Shortz,” said Olivier Prentout, the Chief Marketing Officer.

MTN Shortz has several channels that subscribers can pick to upload content of their choice. It consists of channels belonging to different content owners, which users can access to view a variety of content. For subscribers to view the content on MTN Shortz, there is a daily charge of between Ugx200 and Ugx1000.

For a video viewed, the content owner will be able to earn some money from the visits.

“The MTN Shortz channels will have local content videos, meaning that for the Ugandan content producers, there is an opportunity for views and extra income. MTN believes that MTN Shortz will be able to drive local content video production,” Prentout notes.

Adding “There is also an opportunity for those that want to be seen by professional content creators. There are several professional content creators that will be using MTN Shortz and will be able to identify the untapped talent. You won’t have to wait for the opportunity to come to you, you can create it.”


For the MTN Pulse community, MTN Shortz is empowering the lifestyle of creating an opportunity. There are several platforms where people can post videos, however on MTN Shortz, the fact is that there is an opportunity to make money. The MTN Pulse community, there will be several exclusive offers in order to access and use MTN Shortz.

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Local Business

Opportunity Bank rebrands




Mrs Winnie-Lawoko-Olwe, the acting Board Chairperson, Dr. Tumubweine Twinemanzi, the Executive Director-Supervision at Bank of Uganda, and Tineyi Emmanuel Mawocha, the Opportunity Bank CEO, officially open Opportunity Bank’s new head office in Kamwokya.

Mrs Winnie-Lawoko-Olwe, the acting Board Chairperson Opportunity Bank, Dr. Tumubweine Twinemanzi, the Executive Director-Supervision at Bank of Uganda, and Tineyi Emmanuel Mawocha, the Opportunity Bank CEO, officially open Opportunity Bank’s new head office in Kamwokya.

By Our Reporter

Opportunity Bank, a leading microfinance bank in Uganda, announced their new brand and officially unveiled their  new and improved Head Office in Kamwokya on Friday.

These changes will elevate Opportunity Bank’s focus on the ability to provide a strong customer experience and technology-led financial services offering to well serve their existing customers and potential target market in the small and mid-sized businesses (SMEs).

Mr. Tineyi Emmanuel Mawocha, Chief Executive Officer of Opportunity Bank said that “There are still many people who are unbanked and have fettered access to loans for developing their businesses. Being able to provide a strong customer experience while exhibiting our unique brand values and financial solutions can be a key differentiator to enable the local market access to turn-key banking products and services. With our rebranding efforts, Opportunity Bank has been empowered to offer banking solutions and experienced customer support services that SMBs need to grow.”

The acting Board Chairperson, Mrs Winnie-Lawoko-Olwe, also added that “Opportunity Bank’s unique banking platform is able to meet consumer needs in an easy-to-use way for any SME and individual. Opportunity Bank continues to develop its multi-functional platform, helping our local markets grow one business at a time. The innovative banking solutions that a small business owner will need to grow their business is extensive. We knew that a unique approach was needed, and we have moved to tailor our products and services specifically to meet our client’s needs.”

Executive Director-Supervision at Bank of Uganda Dr. Tumubweine Twinemanzi who officiated at the launch said that increased confidence in banking benefits will see the move of the ‘unbanked funds’ from under the mattress to commercial banks. Opportunity Bank’s new branding further enables the bank to stand out, not only within the expansive financial sector industry, but also within the ever-growing mobile money banking sector technology ecosystem. Small business owners will enjoy the ease-of-use of Opportunity Bank’s sophisticated technology, along with the human touch that is delivered through superior customer service.

The New Opportunity Bank logo brings a sharp new visual identity, characterising the brand as bold, smart, effective, and original. Opportunity Bank’s emphasis on providing a full suite of products and services to the local market is reflected in the company’s new tagline, – “Empower yourself, empower your business, empower your future.” This language speaks to the core belief that in a vast, ever-changing, and evolving financial sector, Opportunity Bank can fully cater to each and every business to establish and secure a thriving banking solution.

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Local Business

dfcu Bank moves to consolidate its partnership with Non-Governmental Organizations




dfcu Bank's Chief of Business and Executive Director; William Sekabembe.

dfcu Bank’s Chief of Business and Executive Director; William Sekabembe addressing guests at the breakfast meeting.

In a move to grow the entrepreneurial outlook of Non-Governmental Organizations (NGOs), dfcu Bank hosted a breakfast meeting with over 150 current and prospective NGOs at the Imperial Royale Hotel, Kampala.

The meeting provided a platform for Non-Governmental Organisation’s to hear from subject experts and share insights on how to develop an entrepreneurial mindset if they are to remain relevant and sustainable.

According to William Sekabembe, the Chief of Business & Executive Director this calls for putting beneficiaries at the center of programme development; more structure, transparency, accountability and innovation.

“With shrinking donor funding and increasing competition, it is important that NGO’s realign their operations to transition from reliance on grants to becoming social enterprises. This change in mindset and ultimately operations will drive sustainability and make them more attractive to financial institutions and give them leverage in negotiating for better financial solutions,” says William Sekabembe.

dfcu Bank introduced its NGO account in 2013 and has revamped its offering to give NGO’s more so they can carry out their operations with ease. The current customer value proposition includes among others: free account maintenance & activity fees; interest rates of up to 4% p.a on UGX accounts & 1.25% p.a on USD accounts; free internet banking; free access to a third-party & Bulk payments solution and dedicated services points at selected branches across the 66-branch nationwide network.

This is in line with dfcu’s brand promise of making more possible for the sectors it serves and attain its aspiration of becoming a Universal Bank.

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