55th dfcu Limited Annual General meeting’s key facts document
2. DIVIDENDS
Due to the uncertainty world-wide and domestic economies caused by the emergence of the global COVID-19 (Corona Virus) pandemic, Bank of Uganda, the regulator of our banking subsidiary in April 2020 directed all supervised financial institutions to defer payment of all discretionary payments including dividends. The dividends declared by the Bank form part of the dividend pool paid to dfcu Limited shareholders. Suffice to say the company has consistently paid a healthy dividend over the years and will continue to do so in future.
i. Dr. Aminah Zawedde (Appointed)
Dr. Zawedde has over fifteen years’ experience in the IT services sector both as an academician and as a technical advisor. She holds a PhD in Computer Science from Eindhoven University of Technology in the Netherlands, a Masters in Computer Science from Makerere University, a Postgraduate Diploma in Educational Technologies from the University of Cape Town in South Africa, a Bachelor of Science in Statistics and Economics from Makerere University and is a Certified Information Systems Auditor.
She brings on board vast experiences in IT initiatives and strategic leadership from both the public and private sector.
Mr. Karuhanga is an advocate by Training and Founding Partner of Kampala Associated Advocates. He is the Founder President and Chairman of the Governing Council of the Centre for Arbitration and Alternative Dispute Resolution. He is currently the Chairman of British American Tobacco (BAT),the Uganda Chamber of Mines and Petroleum Practice and the Private Sector Foundation.
Mr. Lule has over 30 years’ experience in financial management and auditing. He was a Finance Director in the Aga Khan Foundation (USA), ICF (Tanzania); Director Financial Reporting in the Global Fund for Vaccines (USA). He served as the Commissioner Internal Audit -Uganda Revenue Authority and an Audit Partner in Deloitte & Touche (Swaziland & Cote d’Ivoire). He is a fellow of the Institute of Chartered Accountants in England and Wales and a member of the American Institute of Certified Public Accountants.
Shareholder Name |
Shareholding (%) |
Arise B.V. |
58.70 |
Investment Fund for Developing Countries |
9.97 |
National Social Security Funds |
7.46 |
Kimberlite Frontier Africa Naster Fund, L.P.-RCKM |
7.35 |
SSB Russell Investment Company Plc Fund NAS5 |
1.93 |
National Social Security Fund-Pinebridge |
1.40 |
Vanderbilt University |
0.98 |
SSB-Conrad N. Hilton Foundation -00FG |
0.97 |
Jubilee Investment Company Limited |
0.76 |
Others |
10.48 |