Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector remains resilient with the Stanbic Purchasing Managers’ Index (PMI) for November climbing to 55.7, up from 52.9 in October. This marks the eighth consecutive month of expansion, as readings above 50.0 signify positive business conditions. Christopher Legilisho, Economist at Stanbic Bank, described …
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Kampala, Uganda | THE INDEPENDENT | Mumba Kenneth Kalifungwa, a seasoned Zambian accountant and corporate executive is poised for the top job at Stanbic Bank Uganda. Currently Managing Director at Absa Bank Uganda, Kalifungwa has been successfully vetted and will be the Chief Executive of Uganda’s largest bank by assets …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) emerged as the Gold Award winner at the 2024 Financial Reporting (FiRe) Awards, scooping four prestigious accolades, including the overall Gold Award for Excellence in Integrated Reporting. The other accolades received included the recognition for the Best Sustainability Reporting …
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Kampala, Uganda | THE INDEPENDENT | Increased advertising by companies during September played a role in sustaining strong business output and attracting new clients as the headline Stanbic Bank Purchasing Index (Stanbic PMI) dropped slightly to 54.2 compared to the 56.3 posted in August. The threshold for a positive business outlook …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has launched a new campaign, ‘Oli Sorted for Shuwa’, aimed at providing a financial lifeline to its consumer and commercial clients struggling with cash flow, expensive loan repayments, or school fees ahead of the new term. The campaign is open to all Stanbic …
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The Hi-Innovator initiative seeks to elevate enterprises that typically struggle to attract traditional investment, with a particular focus on women and youth-owned businesses Kampala, Uganda | THE INDEPENDENT | Seven small businesses have secured seed funding of approximately $20,000 each through the Hi-Innovator program, a joint initiative by the National Social …
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The bank’s low-cost payment solution, FlexiPay, now boasts over 900,000 clients and is gaining traction in both transaction numbers and volumes Kampala, Uganda | THE INDEPENDENT | Stanbic Holdings Uganda Ltd (SUHL) recorded 17.6% growth in profit after tax to Shs 235.5 billion for the first half of 2024 on the …
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Kampala, Uganda | THE INDEPENDENT | The Banking industry reports that the not-so-friendly business environment has contributed to it’s failure to fully return to the post COVID-19 performance levels yet, despite improving results. Stanbic Holdings Uganda Ltd (SUHL), which has announced a profit after tax of 235.5 billion shillings for the …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector reported a continued growth of new orders running into the fourth month at the end of July marking the start of the third quarter. The upturn was widespread across all five monitored sectors, with firms linking the expansion to new client wins. …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings limited (SUHL) becomes the latest to launch a Unit Trust in country, with its success poised to leverage on financial group’s large clientele. This comes just after the total assets under management by Collective Investment Schemes hit 2.8 trillion shillings as of …
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