Tag Archives: stanbic bank

Average cost of sending money back home for Uganda’s migrant workers is 11.3%, higher than global average Kampala, Uganda | RONALD MUSOKE | Uganda’s largest lender, Stanbic Bank Uganda, has entered into a new partnership with the UN’s International Fund for Agricultural Development (IFAD) to assist Ugandan migrant workers abroad in …

This comes as the economy continues to recover from the consequences of the Covid 19 pandemic, the Russia-Ukraine war, and the tightening of global financing conditions Kampala, Uganda |  THE INDEPENDENT | Uganda’s biggest bank, Stanbic Bank, has reported a 23.5% rise in the first-half profit after tax to Shs 200bn …

Mbarara, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited is committed to continuing to support farmers with financial and non-financial solutions to be able to yield tangible results from their farming activities. This revelation was made by Patrick Twinamatsiko, the Manager in charge of the bank’s Sacco financing. Twinamatsiko …

MTN Uganda and Stanbic Bank are the only Ugandan-listed companies on the list in the region Kampala, Uganda | THE INDEPENDENT | Seventeen East African firms are among the list of the continent’s most valuable brands, with the Safaricom retaining the top spot amidst a decline in its overall ranking. The …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has continued to dominate the insurance sector with a market share of 19.38% in 2022, generating total Gross Written Premiums of Shs27.6 billion out of the industry figure of Shs143bn. At one percent, insurance penetration in Uganda remains low, but products like …

Kampala, Uganda | THE INDEPENDENT | First Lady and Minister of Education and Sports, Janet Kataaha Museveni, has applauded Stanbic Bank Uganda and a British Peer, Baroness Verma, for backing women-led enterprises with networking and skilling sessions which, she said can help accelerate growth of their businesses. She was speaking virtually on …

Ugandan population has always treasured owning motor vehicles because of a poor transport network. But the actual sales in the past few months have been on a decline amidst continued growth in inquiries. Autochek Uganda’s Country Manager, Jacob Muddu, in an interview with The Independent shares some insights about the …

Regulators are increasingly seeking risk-based oversight in the market to deal with changes in technology, consumer needs Kampala, Uganda | THE INDEPENDENT | What is the best way to support businesses to survive during and after a tough economic environment? This is the big question that most people in investment circles …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is a continuation of the ‘Get …

Kampala, Uganda | THE INDEPENDENT | The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. In a statement dated Aug.29, the Bank said, the Borderless Banking solution has grown exponentially starting January 2021 to March 2022, at …