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DFCU

DFCU is a fast growing commercial bank in Uganda dating back to 1964. DFCU was created to boost the development of the Ugandan Economy by providing financial services to Ugandans in form of long term lending followed by leasing in 1999 and consequently banking in May 2000. DFCU is particularly addressing the growing need in the Ugandan market for longer-term funding in key areas such as commercial mortgages, home loans, leases and SME loans.

Norfund's holding was in 2014 transferred to Norfinance AS of which Norfund owns 48.8 per cent.

Facts

  • Sector: Financial services
  • Investment year: 2014
  • Instrument: Equity and loan
  • Committed amount (MNOK): 82.5