EFC Uganda Limited
Company type | Private |
---|---|
Industry | Financial services |
Founded | 2012 |
Headquarters | EFC House, Plot 45 Kira Road, Kamwokya, Kampala, Uganda |
Key people | Charles Nalyaali (Chairman) Michael Ssekyondwa (Managing Director) |
Products | Loans, savings |
Total assets | UGX:112.8 billion (2021) |
Number of employees | 136 (2021) |
Website | efcug |
EFC Uganda Limited (EFCUL), also known as EFC Uganda, was a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024.[1]
Location
The headquarters of EFCUL were located at Plot 45 Kira Road, on Kololo Hill in the Kampala Central Division, about 3.5 kilometres (2 mi) north of the central business district of Kampala, Uganda's capital and largest city.[2] The coordinates of the institution's headquarters are 00°20'12.0"N, 32°35'15.0"E (Latitude:0.336667; Longitude:32.587500).[3]
Overview
The institution opened in Uganda in June 2012 as Entrepreneurs Financial Center Limited, with one branch in Ndeeba in the Lubaga Division of Kampala.[4] In November 2014, EFCUL was awarded an MDI banking license by the Bank of Uganda, adopting the name EFC Uganda Limited.[5] As of December 2021, EFCUL owned assets of UGX:112.8 billion, with shareholders' equity of UGX:12.982 billion. At that time, the institution employed 136 staff.[6] EFCUL focused on financing micro, medium, and small enterprises.[7] In December 2015, EFCUL received a loan of UGX:10 billion for onward lending to micro, small, and medium-sized businesses.[8]
Shareholding
As of August 2016, the shareholding in the stock of the company was as depicted in the table below:[9]
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | Développement international Desjardins of Canada | |
2 | AfricInvest Financial Sector Limited of Mauritius | |
3 | Uganda Gatsby Trust of Uganda | |
4 | BIO of Belgium | |
5 | Bamboo Financial Inclusion Fund of Mauritius | |
6 | ASN-Novib Microcredit Fund of the Netherlands | |
7 | EFC Uganda Employee Stock Ownership Fund[4] | |
8 | EFC Uganda Customer Stock Ownership Fund[4] | |
Total | 100.00 |
Branches
As of December 2015[update], the institution maintained networked branches at the following locations:[10]
- Kololo Branch - Ground Floor, Acacia Place Building, 6 Acacia Avenue, Kololo, Kampala
- Ndeeba Branch - Master Wood Plaza, 1156 Kampala-Masaka Road, Ndeeba, Kampala Main Branch
- Kireka Branch - 1525 Kampala-Jinja Road, Kireka
- Nansana Branch - Kampala-Hoima Road, Nansana
- Nateete Branch - 1396 Kampala-Masaka Road, Nateete
- Mukono branch
Closure and liquidation
On 19 January 2024, the Bank of Uganda revoked the banking license of EFC Uganda Limited, closed the institution and began its liquidation. The reasons stated for the revocation were under-capitalization and failure to adhere to the terms of its banking license.[11]
See also
- Banking in Uganda
- List of banks in Uganda
- FINCA Uganda Limited
- Pride Microfinance Limited
- UGAFODE Microfinance Limited
References
- ^ "BoU closes EFC Uganda Limited". Daily Monitor. 19 January 2024. Retrieved 19 January 2024.
- ^ Google (25 June 2024). "Distance Between Post Office Building, Kampala Road, Kampala, Central Region, Uganda and Riders' Lounge, Kampala, Uganda" (Map). Google Maps. Google. Retrieved 25 June 2024.
- ^ Google (12 August 2016). "Location of the Headquarters of EFC Uganda Limited" (Map). Google Maps. Google. Retrieved 12 August 2016.
- ^ a b c EFCUL (12 August 2016). "EFC Uganda: Who We Are". Kampala: EFC Uganda Limited (EFCUL). Retrieved 12 August 2016.
- ^ BOU (30 June 2015). "Bank of Uganda Annual Report for the Period 1 July 2014 Until 30 June 2015" (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 20 August 2016. Retrieved 12 August 2016.
- ^ Lafond, Claude (31 December 2015). "Managing Director's Message". Kampala. Retrieved 12 August 2016.
- ^ EFC Uganda Limited (27 June 2016). "EFC Uganda Limited: Advertisement for Three Staff Positions". New Vision. Kampala, Uganda. Retrieved 12 August 2016.
- ^ Mark Keith Muhumuza (4 December 2015). "SMEs to benefit from Shs10b Dutch government loan". Daily Monitor. Kampala, Uganda. Retrieved 12 August 2016.
- ^ EFCUL (12 August 2016). "EFC Uganda Limited: List of Investors". Kampala: EFCUL. Retrieved 12 August 2016.
- ^ EFCUL (12 August 2016). "EFC Uganda: About Us: Contact Us". Kampala: EFC Uganda Limited (EFCUL). Retrieved 12 August 2015.
- ^ UBN (19 January 2024). "Bank of Uganda shuts down EFC Uganda, takes control". Uganda Business News (UBN). Kampala, Uganda. Retrieved 25 June 2024.
External links
- Website of EFC Uganda Limited
- v
- t
- e
- Banda
- Bugoloobi
- Bukoto
- Busega
- Butabika
- Bwaise
- Ggaba
- Kabalagala
- Kamwookya
- Kansanga
- Kaleerwe
- Kanyanya
- Kasubi
- Katwe
- Kawaala
- Kawempe
- Kibuli
- Kibuye
- Kigoowa
- Kikaaya
- Kisaasi
- Kiwaatule
- Kulambiro
- Kololo
- Kyambogo
- Kyebando
- Lubaga
- Lungujja
- Luzira
- Makerere
- Makindye
- Mbuya
- Mengo
- Mpererwe
- Mulago
- Munyonyo
- Muyenga
- Naakulabye
- Naguru
- Najjanankumbi
- Nakasero
- Nakawa
- Nakawa–Naguru Estates
- Namirembe
- Namungoona
- Namuwongo
- Nateete
- Ndeeba
- Nsambya
- Ntinda
- Old Kampala
- Port Bell
- Wandegeya
- Daily Monitor
- New Vision
- New Vision Group
- The Independent (Uganda)
- The Observer (Uganda)
- Dott Services
- National Housing and Construction Company
- Tirupati Development Uganda Limited
- Insurance Regulatory Authority of Uganda
- National Food and Drug Authority
- National Planning Authority
- National Identification and Registration Authority
- National Social Security Fund
- National Water and Sewerage Corporation
- Uganda Securities Exchange
- Uganda Investment Authority
- Ruparelia Group
- Kyagalanyi Coffee Limited
- Brookside Dairy Limited
- Jesa Farm Dairy Limited
- Uganda Retirement Benefits Regulatory Authority
- Uganda Land Commission
- Capital Markets Authority of Uganda
- Uganda Coffee Development Authority
- ROKO Construction Company
- Uganda Business Facilitation Centre
- Uganda Air Cargo
- Uganda Airlines
- Kampala Airport
- Uganda National Roads Authority
- Entebbe–Kampala Expressway
- Kampala–Jinja Expressway
- Kampala–Jinja Highway
- Kampala–Entebbe Road
- Kampala–Gayaza Road
- Kampala–Bombo Expressway
- Kampala–Busunju Expressway
- Kampala–Mpigi Expressway
- Kampala–Masaka Road
- Kampala–Mityana Road
- Kampala–Hoima Road
- Kampala Northern Bypass Highway
- Kampala Southern Bypass Highway
- Kampala Outer Beltway
- Tondeka Metro Bus Service
landmarks
- Afrexim Bank House, Kampala
- Bulange
- Christ the King Catholic Church
- Uganda Parliament Buildings
- Kampala Capital City Authority Complex
- DFCU House
- Kampala Protea Hotel
- Kampala Hilton Garden Inn
- Kampala Hilton Hotel
- Kampala Serena Hotel
- Kampala Sheraton Hotel
- Imperial Hotels Group
- Imperial Royale Hotel
- Grand Imperial Hotel
- Janani Luwum Church House
- Kampala Kingdom Hotel
- Kampala Speke Hotel
- Mapeera House
- Movement House
- Munyonyo Commonwealth Resort
- Thobani Centre
- Speke Resort and Conference Center
- East African Development Bank Building
- Bank of Uganda Building Complex
- Mengo Palace
- Kabaka's Place Banda
- Namirembe Cathedral
- Rubaga Cathedral
- Makerere University Main Campus
- National Water and Sewerage Corporation Headquarters Building
- Kampala Tower
- Hotel Africana
- Kibuli Mosque
- Old Kampala Mosque
- Uganda Inspectorate of Government Towers
- Uganda Ministry of Education Complex
- Uganda Museum
- Uganda National Cultural Centre
- Uganda National Records Centre and Archives
- Kasubi Tombs
- DFCU House
- Pension Towers
- JLOS House Project
- Roman Catholic Archdiocese of Kampala
- Aga Khan University, Kampala
- Cavendish University Uganda
- Clarke International University
- Habib Medical School
- Institute of Petroleum Studies Kampala
- International Health Sciences University
- International University of East Africa
- ISBAT University
- Kampala International School
- Kampala University
- Kibuli Secondary School
- Kitante Hill Secondary School
- Kololo Senior Secondary School
- Kyambogo University
- Law Development Centre
- Makerere College School
- Makerere University
- Makerere University Business School
- Mengo Senior School
- Nabisunsa Girls' Secondary School
- Nakawa Vocational Training Institute
- Nexus International University
- Rubaga Community School
- Stafford University Uganda
- St. Augustine International University
- St. Lawrence University
- Uganda Christian University School of Medicine
- Team University
- Uganda Industrial Research Institute
- Uganda Management Institute
- Uganda Martyrs University School of Medicine
- Uganda National Entrepreneurship Development Institute
- Uganda Technology and Management University
- Victoria University Uganda
- Uganda National Council for Higher Education
- Aga Khan University Hospital, Kampala
- Butabika Hospital
- Case Medical Centre
- International Hospital Kampala
- Kadic Hospital
- Kampala Hospital
- Kampala Medical Chambers Hospital
- Kawempe General Hospital
- Kibuli Hospital
- Kiruddu General Hospital
- Lubaga Hospital
- Makerere University Hospital
- Mbuya Military Hospital
- Mengo Hospital
- Mulago Hospital
- Mulago Women's Referral Hospital
- Murchison Bay Hospital
- Upper Mulago Regional Referral Hospital
- Nakasero Hospital
- Naguru General Hospital
- Nsambya Hospital
- Paragon Hospital
- Uganda Cancer Institute
- Uganda Heart Institute
- Uganda Medical and Dental Practitioners Council
- Women's Hospital International and Fertility Centre
- Galilee Community General Jewish Hospital of Uganda
- International Medical Group
- Uganda Joint Medical Store
- A.F. Mpanga Advocates
- ENSafrica
- Kampala Associated Advocates
- Kasirye Byaruhanga and Company Advocates
- Kateera & Kagumire Advocates
- Katende Ssempebwa & Company Advocates
- Kigozi Ssempala Mukasa Obonyo Advocates
- Ligomarc Advocates
- Sebalu & Lule Advocates
- Apolo Nsibambi
- Nasser Sebaggala
- David Serwadda
- Fred Ruhindi
- John Ssebaana Kizito
- Bulaimu Muwanga Kibirige
- Erias Lukwago
- Ian Clarke
- Jennifer Musisi
- Josephine Nambooze
- Maria Kiwanuka
- Laurence Sematimba
- Joseph Kizito
- Justinian Tamusuza
- Robert Ssejjemba
- Eugene Sseppuya
- Phillip Ssozi
- Sudhir Ruparelia
- Wasswa Serwanga
- Yusef Sozi
- Margaret Zziwa
- Beti Kamya-Turwomwe
- Moses Matovu
- Mohammed Hamid
- Hasmukh Dawda
00°18′37″N 32°34′37″E / 0.31028°N 32.57694°E / 0.31028; 32.57694