Why this good news risks being misunderstood as bad news by foreign investors COMMENT | Joseph Were | On February 01, The Independent news magazine’s online edition reported on Standard Chartered Bank Uganda’s launch of an offshore Mutual Funds product. As the Standard Chartered Bank CEO Sanjay Rughani said at the launch, …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament have approved a request by the government to borrow $464 million (about Shs1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the opposition, who say the loan terms are unfair. Referred to Parliament’s Committee on National Economy …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has asked Finance State Minister, Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Muhammad Kivumbi objected asking for details of the disbursement, a request he said …
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Kampala, Uganda | THE INDEPENDENT | The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced from the Standard …
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But, it recorded positive growth in assets and customer deposits amidst coronavirus pandemic threat Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank has reported a dip in profit after tax by 42% from Shs124bn in 2019 to Shs72bn in 2020, according to its financial results released on Apr.29. Overall …
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Kampala, Uganda | Julius Businge | Standard Chartered Bank Uganda in partnership with the Inclusion Works Consortium has rewarded finalists of the ‘Innovation Challenge for Youth with Disabilities’ with US$5,000 (approx.Shs18m) to help them realize their entrepreneurial aspirations, it said on Apr.20. This ‘innovation challenge’ is part of the Bank’s Diversity …
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Kampala, Uganda | THE INDEPENDENT | Julius Businge | Standard Chartered Bank Uganda in partnership with their NGO partner, Challenges Worldwide have launched the scale-up of the Youth to Work (Y2W) programme worth Shs920million, it said on Sept.29. Youth to Work is a flagship employability programme which was launched in 2019 …
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Kampala, Uganda | Julius Businge | Standard Chartered Bank Uganda has unveiled a 360° rewards program which is an end to-end solution managing ‘earn and burn’ of reward points via a comprehensive rewards catalogue for debit cards. The bank said on Spet.14 that the program is hosted on a platform that …
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Kampala, Uganda | Julius Businge | Standard Chartered Bank in partnership with Brien Holden Vision Institute (BHVI) has made a donation of Personal Protective Equipment worth Shs 74 million to Mubende Regional Referral Hospital. The donation aims to support the community in the fight against COVID 19, officials said. The PPEs …
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Kampala, Uganda | THE INDEPENDENT | The uncertainties surrounding the February 2021 polls could slow Uganda’s recovery from the battering by coronavirus as investors withhold investments until after the polls. According to Standard Chartered Bank’s country briefing, there is an expected increase in spending in the run-up to 2021 which should …
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