Kampala, Uganda | THE INDEPENDENT | The year 2023 ended on a higher note for the private sector as companies registered more demand for their goods and services in the month of December. This according to both the Uganda Bureau of Statistics and the Stanbic Purchasing Managers Index (PMI), which compile …
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Kampala, Uganda | THE INDEPENDENT | The Court of Appeal has ruled that employers can terminate the contracts of their employees without giving any reason for doing so. The court also ruled that when one’s employment contract is terminated without reason, there is no need for a hearing. In a …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economic indicators spell better conditions for the private sector and business compared to other countries in the region, according to an expert study, the Africa Trade Barometer (ATB). Uganda’s overall macroeconomic conditions are “average with a slight positive outlook relative to the other countries …
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Kampala, Uganda | THE INDEPENDENT | At least 200 lucky parents stand a chance to win cash prizes worth Shs100 million when they pay school fees for their children through FlexiPay or Stanbic Bank agent banking channels, courtesy of a six-week back-to-school cashback promotion aimed at supporting guardians return their kids …
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BoU data indicates a noteworthy increase in the value of Uganda’s exports to South Africa over the past decade, doubling to US$21.24 million Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni has extended an olive branch to corporate giants MTN Uganda and Stanbic Bank, forgiving them for their past actions. …
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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 …
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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 …
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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 …
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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 …
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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 …
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