Eighteen (18) dfcu Bank investment clubs’ delegates have left for Nairobi for business benchmarking with their counterparts in Kenya.
The objective of the tour is to build their capacity in effective and efficient management of clubs. According to a statement, all costs are met by the bank, which is trying to promote the culture of investments clubs in the country.
The Investment clubs are part of the second edition of the national wide dfcu savings and investment campaign dubbed Battle for cash aimed at building a savings and investments culture in Uganda.
According to dfcu Bank head of personal and Business Banking Denis Kibuka Musoke, investment clubs, by their nature, create assets that generate returns that are the foundation on which an economy is built and Kenya bears testament to this.
“We chose Kenya because the formal investment groups there have a track record of initiating multi-billion-shilling projects in various sectors of the economy including real estate, transport, energy, agriculture, stock markets, hospitality and so much more. We trust that the delegation heading to Nairobi will be able to pick valuable lessons from them and use the learning’s to grow their Investment Clubs when they return,” said Kibuka Musoke.
The delegates will receive instruction in different areas including; best practice in designing investment policy; capital mobilization plans as well as executing successful investment strategies. This will be followed by site visits to successful investment projects in different sectors.
Francis Edward Nantamba, Chairperson ‘Corporates Clubs’ based in Ntungamo, Western Uganda said, “I look forward to meeting with some successful clubs and SACCOs and acquire skills I can use to improve our Club in Ntungamo. Our club aspires should be a role model and inspiration for other young people save and invest together so we can collectively steer the development of our country.”
BY SAMUEL NABWIISO