Makerere University and DFCU Bank have signed a three-year Memorandum of Understanding (MoU) aimed at promoting higher education, research, innovation, and student support in Uganda. The agreement was officially launched on July 4, 2025, at Makerere University, with senior leaders from both institutions in attendance.
The DFCU Bank delegation was led by Chief Executive Officer and Managing Director, Mr. Charles Mudiwa, who described the partnership as a major step towards empowering young people, strengthening collaboration, and creating new opportunities for national development.
“Supporting Makerere University aligns with our commitment to education and youth empowerment,” Mr. Mudiwa said. “Through this partnership, we will open up pathways for students to access financial services, gain practical skills, and succeed both academically and socially.”
Makerere University Vice Chancellor, Professor Barnabas Nawangwe, welcomed the partnership and emphasized its alignment with the University’s mission.
“Our collaboration with DFCU Bank strengthens our capacity to deliver quality education and improve student services,” Prof. Nawangwe said. “It will help us nurture graduates who will drive Uganda’s socio-economic transformation.”
As part of the agreement, DFCU Bank will co-sponsor major university events, including the Annual Tumusiime Mutebile Public Lecture, an academic event held in memory of the late Bank of Uganda Governor, and the Mak Run, which promotes student wellness, fitness, and community engagement.
The MoU also covers a wide range of student-focused activities such as leadership training, academic competitions, cultural festivals, and co-curricular programs designed to prepare students for life after university. Additionally, DFCU Bank will offer internship opportunities, mentorship, guest lectures, and practical training to support Makerere’s goals in education and innovation.
The agreement also includes funding for joint research and innovation projects to help bridge the gap between academic knowledge and industry needs. These initiatives are expected to promote financial inclusion and contribute to Uganda’s economic development.
The three-year partnership takes effect immediately and may be extended in the future to support long-term cooperation in academic excellence, student development, and national growth.
