DPF Board Engages Sebei sub-region Stakeholders on Deposit Protection – February 19, 2026
The Deposit Protection Fund brought together stakeholders from the Sebei Sub-region – Kapchorwa, Kween, and Bukwo – for its Board Town Hall meeting in Mbale City on February 19, 2026. The event, the second of its kind in the 2025/2026 financial year, convened district officials, members of the business community, religious leaders, supervised financial institutions, media representatives, and Civil Society Organizations (CSOs). The meeting was attended by DPF Board Members – Ms. Roy Nambogo, Mrs. Susan Kanyemibwa, and Mr. Emmanuel Kalema – alongside the Chief Executive Officer, Dr. Julia Clare Olima Oyet (Mrs.), and staff of the Fund.
In her opening remarks, Mrs. Susan Kanyemibwa thanked participants for honoring the Fund’s invitation. She highlighted that the engagement served as an opportunity for the DPF to gather valuable feedback while deepening stakeholder understanding of its mandate.
While delivering a presentation on the role of DPF in contributing to financial sector stability, Ms. Roy Nambogo highlighted the importance of engaging directly with communities to enhance public understanding of the deposit insurance mechanism. She further reiterated the Fund’s complementary role of depositor awareness in safeguarding trust in Uganda’s banking system – a key focus of the engagement. She noted that DPF reimburses depositors up to UGX 10 million in the event of a closure of a regulated deposit‑taking institution.
Responding to questions from participants, at the current protection limit, Dr. Julia Oyet shared that at 98% of depositors in Uganda are fully covered, demonstrating the adequacy of the limit, which was last revised in 2019 from UGX 3 million. The interactive engagement provided an open platform for participants to seek clarification on deposit protection, learn about the claims process for protected deposits when a regulated financial institution is closed, and offer feedback on how DPF can better serve depositors.
The Town Hall engagement marked an important step in strengthening public awareness and deepening engagement between the Deposit Protection Fund and the depositors of regulated financial institutions. Public awareness is one of the Fund’s priorities in the 2022–2027 Strategic Plan, which aims at contributing to confidence in the banking sector.
While delivering his closing remarks, Mr. Emmanuel Kalema appealed to participants to spread the deposit protection message, noting that DPF was ready and had the capacity to fulfil its legal mandate, if called upon. He further urged them to always seek information regarding performance of regulated banking institutions from credible sources, thereby avoiding harmful rumors that could cause confusion in the sector.
