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Tag Archives: stanbic bank

Leo Africa Institute gets financial support from Stanbic Uganda

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has donated Shs70million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge volunteerism, in their various professional backgrounds, officials said on March 30. Cathy Adengo, the Stanbic Bank Head of Sustainability, …

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Business executives advise women on ‘kameeza’ money

Kampala, Uganda | THE INDEPENDENT | Ugandan women have been advised to look at the so-called ‘kameeza’ money as a source of investible capital. Kameeza is a cash daily subsistence allowance that typical Ugandan husbands leave their women in the morning before they go to work. Some smart women have become …

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Stanbic Bank retains 22% bancassurance market share

Kampala, Uganda | THE INDEPENDENT | Bancassurance contributed UGX103.5billion to the UGX1.1trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22% to consolidate its position as market leader. Bancassurance is the sale of life assurance and other general insurance products through commercial banking …

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Uganda’s PMI rises to 54.9 in January: report

Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued on Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank …

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Stanbic Bank meet exposes deals for schools

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has taken bold steps to support parents, teachers and schools as learners settle in class after nearly two years of education sector closure. Speaking at a recent virtual forum titled ‘Bank of Uganda address on credit relief measures for school loans’ organized …

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Stanbic Bank commemorates Prof. Mutebile

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda is planting 72 fruit trees at its tier one branches across the country in honour of the fallen Bank of Uganda Governor, Prof. Emmanuel Tumusiime-Mutebile who died at 72 years of age. Anne Juuko, the Chief Executive of Stanbic Bank Uganda planted …

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Uganda’s PMI drops to 51.5 due to job losses, price pressures

Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) fell to 51.5 in December last year, down from 54.1 in November, Stanbic Bank reported on Wednesday. The new reading in the monthly report issued by Stanbic Bank, Uganda’s largest bank, attributed the decline to price pressures and a drop …

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