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Tag Archives: stanbic bank

Mixed performance for private sector activities

Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …

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‘We are going to pay your dividends’

Stanbic Bank top executives tell shareholders as it rolls out offerings for women, targets oil and gas opportunities Kampala, Uganda | JULIUS BUSINGE | Whereas many businesses reported reduced earnings for the year 2020, others like Stanbic Bank Uganda Ltd, have assured their shareholders that they will earn their profits …

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Banks outstanding restructured loans falls to Shs4.8tn

Commodity, tourism dependent economies likely to remain vulnerable over the next 12-18 months | THE INDEPENDENT | Uganda’s commercial banks have recorded a sharp drop in the outstanding restructured loans from Shs7.7trillion in June to Shs4.8trillion in Dec, 2020, signaling improvement in the borrower’s ability to meet their loan obligations, …

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UN, Stanbic bank launch fundraising drive for SACCOs

Kampala, Uganda | THE INDEPENDENT | The UN and Stanbic Bank have launched an initiative in which they hope to raise up to USD 100 million to help small and informal enterprises out of the effects of the COVID-19 pandemic. The initiative dubbed, the Economic Enterprise Restart Fund is a three-year …

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Stanbic helps Makerere University ‘rise from the ashes’

Stanbic donates computers worth Sh100 Million to support Makerere University rebuild Kampala, Uganda | THE INDEPENDENT |  Stanbic Bank has donated computers worth sh100 million to help Makerere University reequip its administration centre after a recent fire destroyed a substantial part of the famous Main building. Commonly referred to as …

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Mobile banking on itsknees. How safe is your Money?

Kampala, Uganda |  THE INDEPENDENT |  “With the advancement of information technology will come more sophisticated crime”. This and other related statements are commonly used by even those who advance the need for a digitally-led society.  This, therefore, means that the advancement in IT is a necessary evil, which will …

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Team set up to probe hacking of bank, telecom systems

Kampala, Uganda | THE INDEPENDENT | The Director of Criminal Investigations Directorate Grace Akullo has set up a team to investigate the alleged hacking into the electronic systems of a bank and two telecom companies. The hackers allegedly accessed systems of Pegasus technologies that manage electronic transactions of telecom companies …

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