DPF Urges Journalists to Report Factually on matters of Deposit Protection and the Financial Sector – November 5, 2026

The Deposit Protection Fund on Thursday – November 5, 2026 held a Media Engagement at Cephas Inn in Kabale, bringing together journalists from the Kigezi Sub-region. The engagement was aimed at strengthening understanding of the Fund’s mandate among media practitioners and equipping them with knowledge to enhance their accurate and informed reporting.

Delivering a presentation on the Fund’s mandate, Director Communications – Mr. Patrick Ezaga explained that DPF’s protection is limited to deposits in deposit-taking institutions that are regulated by Bank of Uganda. He noted that in the event of failure or closure for liquidation, depositors are reimbursed up to a limit of UGX 10 million and that amounts above, are paid after the liquidation process. He further noted that to-date, the Fund has successfully handled two payouts, ensuring that depositors got their money within an average of 7 days, way ahead of the 90 days stipulated in the Law.

Mr. Ezaga called on journalists to report factually on the financial sector and to always verify information with credible sources before publishing. He cautioned that sensational and unverified reporting could cause panic among the public, lead to a bank run and by extension instability in the sector, particularly because public confidence is essential for  financial institutions to perform effectively.

Highlighting the important role the media plays to support the Fund’s efforts, Mr. Ezaga said, “the media is a key partner in helping the public understand how deposit protection works, including that it is automatic and that depositors do not need to apply or pay for it as long as they had their money in deposit-taking institutions regulated by Bank of Uganda

The participants sought to know when the limit would be revised since the last revision was in 2019. Mr. Ezaga intimated that discussions about the revision were ongoing and that at the rightful time, a pronouncement would be made by the Minister of Finance, Planning & Economic Development.

DPF reaffirmed its commitment to regular engagement with the media as it continues to raise public awareness about deposit protection across the country.