DPF hosts KDIC Board for a benchmarking visit – August 18, 2025
A high-level delegation from the Kenya Deposit Insurance Corporation (KDIC) Board is in Uganda for a benchmarking visit to the Deposit Protection Fund of Uganda (DPF). The visit is aimed at deepening inter-institution collaboration and learning.
The visit shall focus on four key areas: Uganda’s legal framework for resolution of failed banks, stakeholder engagement strategies, public awareness initiatives, and prompt depositor compensation mechanisms. It is an opportunity for the two organizations to share experiences on deposit insurance, resolution frameworks, stakeholder engagement, and corporate governance.
The DPF Board Chairman – Mr. Ben Patrick Kagoro emphasized the importance of peer-to-peer learning among deposit insurers in the region, noting that such engagements enhance the resilience of financial safety nets. “We are delighted to host our colleagues from KDIC. Their visit is a strong demonstration of the value of regional cooperation in strengthening deposit insurance systems to promote public confidence and financial sector stability,” said Mr. Kagoro.
The DPF CEO, Dr. Julia Clare Olima Oyet (Mrs.) noted that, “Resolution is one of the most complex aspects of deposit protection, requiring strong legal foundations, effective coordination with stakeholders, and public trust. Hosting KDIC provides the Fund with an opportunity to exchange ideas that will enhance both our institutions in safeguarding financial sector stability.”
On their part, the KDIC Board commended the DPF for its progress in operational independence, stakeholder outreach, and automation of key business processes. “We hope to draw valuable insights from DPF’s approach to governance, risk management, and public awareness initiatives. These lessons will enrich our own processes as we continue to safeguard depositors and enhance trust in the banking sector in Kenya,” noted Mr. Jonah T. Orumoi, KDIC Board Member, the head of delegation and member of the KDIC Board.
The visit underscores the growing collaboration among African deposit insurers under the umbrella of the International Association of Deposit Insurers (IADI) Africa Regional Committee, which promotes the adoption of best practices in deposit protection and financial stability.
