DPF Holds Board Town Hall Meeting in Soroti City November 5 & 6, 2025
The Deposit Protection Fund of Uganda hosted a town hall meeting in Soroti City on November 5th and 6th, 2025 to sensitize the public about the Fund’s role in protecting depositors and promoting stability within Uganda’s financial system.
The engagement brought together a diverse audience from across the Teso sub-region, including district leaders and officials, religious and cultural leaders, representatives from financial institutions, business owners, and members of the public. November 5th, 2025 was dedicated to district leaders and officials while the November 6th, 2025, audience expanded to include the business community, religious and cultural leaders, and the public.
Dr. Andrew Obara who represented the Board Chairman reiterated the Board’s commitment to ensuring transparency and accountability in the management of the Fund. “We are here to enhance the public’s appreciation of what the Deposit Protection Fund does. It is important for every depositor to understand that DPF is a safety net to ensure that in the unlikely event of a bank failure, depositors are not left helpless,” Dr. Obara noted.
Dr. Julia Clare Olima Oyet (Mrs.), the Chief Executive Officer of the Deposit Protection Fund, emphasized the Fund’s commitment to safeguarding depositors’ money and promoting confidence in the banking sector. “Our primary mandate is to protect depositors. Every Ugandan who keeps money in a deposit-taking institution regulated by the Bank of Uganda should have peace of mind knowing that their deposits are insured up to the protected limit, UGX 10 million. We believe that an informed public is a confident public, and that confidence strengthens the stability of our financial system. Depositors should know that any amount above the protected limit is taken care of by the liquidator depending on recoveries made.” She added that the DPF has continued to engage the public through such regional town hall meetings as part of its broader financial literacy and public awareness agenda.
Mr. Patrick Onen Ezaga, DPF Director Communications, encouraged participants to share the knowledge they had acquired with their communities. “Our aim is to reach every corner of Uganda with this message. The more people understand how deposit protection works, the more they will be encouraged to save in formal financial institutions and hence support the growth of our economy,” he said.
Participants welcomed the engagement, describing it as both enlightening and timely.
Mr. Opio Samuel Baker, the Chief Administrative Officer of Katakwi District, commended DPF for taking the initiative to engage communities at the grassroots. “Many people in rural areas are hesitant to save in banks because of fear and misinformation. This meeting has given us the right information that we can take back to our communities,” he remarked.
The Soroti town hall is part of the Fund’s ongoing outreach programmes aimed at enhancing public awareness and confidence in the financial sector. Similar engagements have been held in Fort Portal City, Gulu City and more are planned across other regions to ensure that depositors across Uganda are informed.
