Kampala, Uganda | BUSINESS CORRESPONDENT | Stanbic Bank Uganda has unveiled a new campaign, ‘Kikole Ku Speedii,’ aimed at making banking services faster, simpler, and more convenient for its clients and customers. Speaking at the launch, Head of Personal Banking Israel Arinaitwe said the initiative marks a shift from traditional …
Read More »Pearl Bank partners with Stanbic
Kampala, Uganda | THE INDEPENDENT | Pearl Bank Uganda and Stanbic Bank Uganda have announced the integration of their digital wallets, Wendi and FlexiPay, in a move aimed at advancing Uganda’s financial inclusion and digital economy. Together, the platforms serve over a million users, providing savings, credit, and e-commerce services. …
Read More »QCIL secures $36mn to expand production as profits surge
The company hopes to increase tablet production from 1.4bn to 2.4bn annually Kampala, Uganda | THE INDEPENDENT | Uganda’s largest pharmaceutical manufacturer, Quality Chemical Industries Ltd (QCIL), has secured a US$36 million (Shs133 billion) financing facility from Stanbic Bank Uganda to construct a second production facility, capitalising on a strong financial …
Read More »Stanbic partners with Vivo Energy, UBL, others to save the environment
Kampala , Uganda | Julius Businge | On May 18, Stanbic Bank Uganda partnered with Vivo Energy Uganda, National Environment Management Authority, Uganda Breweries Limited and Next Media Services to protect the environment through a new campaign dubbed ‘Taasa Obutonde.’ Taasa Obutonde means ‘let us save the environment.’ The campaign, which …
Read More »Key sectors of the economy dominate Stanbic’s National School Championship
Kampala, Uganda | Julius Businge | Stanbic Bank Uganda has announced the regional finalists of the National Schools Championship 2021, the bank’s executives said in a notice sent to The Independent on May 07. This competition was started in 2015 as a corporate social investment programme aimed at equipping students with …
Read More »Ministry of water partners with private sector to restore forest cover
Kampala, Uganda | Julius Businge | The Ministry of Water and Environment in partnership with Uganda Breweries Limited, American Tower Corporation (ATC) Uganda, Stanbic Bank Uganda and MTN Foundation has for the second year running announced a Running out of Trees (ROOT) Initiative which targets to plant 40 million trees countrywide. …
Read More »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. …
Read More »Gov’t to borrow UGX 2.4 trillion from Stanbic, Trade Bank
Kampala, Uganda | THE INDEPENDENT | Government has plans to borrow 2.43 trillion shillings to finance a budget shortfall realized a few months into the current financial year. According to a domestic loan request presented to Parliament on Wednedsay, government says that out of the 2.43 trillion Shillings, Euros 300 …
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