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Tag Archives: stanbic bank

Business confidence surges after ease in lockdown restrictions

Kampala, Uganda | THE INDEPENDENT | Confidence in the country’s business activities surged in July with business owners experiencing more demand for their goods after the country lifted much of the coronavirus restrictions, a survey has said. The Purchasing Managers’ Index (PMI) published monthly by Stanbic bank recorded a 50.3 …

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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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Rotary in drive to raise UGX 367 M to equip Mengo blood bank

Kampala, Uganda | THE INDEPENDENT | Rotary in Uganda has launched a drive to raise 367 million Shillings to procure an automated blood grouping machine for Mengo Blood Bank.  Part of the funding will be used to procure a centrifuge 6000i for component preparation, to separates the blood into different …

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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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