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Tag Archives: Patrick Mweheire

Stanbic Bank Uganda profits hit record level

Kampala, Uganda | Isaac Khisa | Stanbic Bank Uganda registered a record 20% growth in net profit to Shs 259 bn last year compared with the 2018 citing increase in both interest and non-interest incomes. The bank also recorded a 20% year-on-year growth in revenues to exceed Shs 800 billion. …

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Stanbic posts UGX 259 Bn after-tax-profits

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has announced after-tax-profits of 259 billion Shillings for 2019 up from 215 billion Shillings in 2018, cementing its position as the most profitable bank in the country. In the financial results published on Thursday, Stanbic said the money it lent to customers …

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UNOC needs UGX 3.1 trillion for capitalization

Kampala, Uganda  | THE INDEPENDENT |  Uganda National Oil Company (UNOC) needs at least Three Trillion Shillings in capital to sufficiently carryout government business in the oil sector. Proscovia Nabbanja, the CEO of UNOC told reporters in Kampala on Wednesday that the money will be needed in a phased manner in …

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Stanbic Bank reveals first fruits of business incubators

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has revealed the first fruits of its Business Incubator Programme, two years after its establishment to mentor Small and Medium Enterprises in the country. The three months long Business Development Programme places selected Small and Medium Enterprises under intensive training in …

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Nordics- East Africa seek better business ties

Kampala, Uganda | THE INDEPENDENT | The Nordic and East African countries have held the first ever business expo and conference aimed at opening up investment opportunities in the two world economic regions. Organized by Ferrum Capital, Debridge, Uganda Embassy to the Nordic Countries and Uganda Urban Expo, the three …

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More people left banking halls for digital platforms – Stanbic

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has said more of its customers are leaving the banking halls, choosing to do most of their transactions either online or through banking agents. Stanbic Bank Chief Executive Patrick Mweheire says that more than 80 per cent of their transactions, during the …

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Banks seek to boost agents’ security

Kampala, Uganda | THE INDEPENDENT | Commercial banks in Uganda are looking into how they can beef up the security of their agents due to the risk exposed to them for holding cash. This comes after an incident on 30 June 2019 in Nansana where three guards attached to Tiger …

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Bankers’ conference to discuss funding for farmers

Kampala, Uganda | THE INDEPENDENT | Ugandan bankers will this month use their annual conference to discuss how they can offer money to the agricultural sector. According to Patrick Mweheire, the Executive Director of Stanbic Bank and Chairman of Uganda Bankers’ Association (UBA), agriculture has huge impact on key issues …

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