BY SAMUEL NABWIISO
KAMPALA, UGANDA- dfcu Bank, in partnership with Price Waterhouse Coopers (PwC) and NTV Uganda have launched Season II of the Investment Clubs Challenge dubbed ‘Battle for Cash.’ Battle for Cash is a nationwide campaign targeted at instilling a savings and investment culture in Uganda.
dfcu Bank Chief of Business and Executive Director, William Sekabembe said the initiative will support the development of financial inclusion in the economy since it promotes the culture of saving.
“Financial inclusion is a major agenda for dfcu Bank. We have been taking the lead on this since 2007 when we introduced the Savings & Investment Clubs. We believe that providing financial literacy is critical in driving financial inclusion in a sustainable way,” said Ssekabembe.
He said the second season of Battle for Cash, will be looking to build on the achievements of Season 1 which he said that it registered positive response to the campaign in respect to the financial literacy.
As part of several efforts to promote a savings culture in Uganda, dfcuBank introduced the Investment Clubs program in 2017 providing a conducive platform to foster group savings. The dfcu Bank program has since grown with over 15,000 active Investment Clubs that cut across all segments including students, the professionals, women and youth. Following last year’s inaugural campaign, dfcu registered an increment in Investment Clubs with over 6,000 Clubs being set up from July 2017 to date.