Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …
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Stanbic Bank top executives tell shareholders as it rolls out offerings for women, targets oil and gas opportunities Kampala, Uganda | JULIUS BUSINGE | Whereas many businesses reported reduced earnings for the year 2020, others like Stanbic Bank Uganda Ltd, have assured their shareholders that they will earn their profits …
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Commodity, tourism dependent economies likely to remain vulnerable over the next 12-18 months | THE INDEPENDENT | Uganda’s commercial banks have recorded a sharp drop in the outstanding restructured loans from Shs7.7trillion in June to Shs4.8trillion in Dec, 2020, signaling improvement in the borrower’s ability to meet their loan obligations, …
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Kampala, Uganda | THE INDEPENDENT | The UN and Stanbic Bank have launched an initiative in which they hope to raise up to USD 100 million to help small and informal enterprises out of the effects of the COVID-19 pandemic. The initiative dubbed, the Economic Enterprise Restart Fund is a three-year …
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Kampala, Uganda | THE INDEPENDENT | Investigations into the hacking of two telecom giants and two banks have established that 1,500 sim cards on which money was transferred were registered in the names of a local company. A senior police detective at Criminal Investigations Directorate –CID in Kibuli, has told Uganda …
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Stanbic donates computers worth Sh100 Million to support Makerere University rebuild Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has donated computers worth sh100 million to help Makerere University reequip its administration centre after a recent fire destroyed a substantial part of the famous Main building. Commonly referred to as …
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Kampala, Uganda | THE INDEPENDENT | “With the advancement of information technology will come more sophisticated crime”. This and other related statements are commonly used by even those who advance the need for a digitally-led society. This, therefore, means that the advancement in IT is a necessary evil, which will …
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Kampala, Uganda | THE INDEPENDENT | The Director of Criminal Investigations Directorate Grace Akullo has set up a team to investigate the alleged hacking into the electronic systems of a bank and two telecom companies. The hackers allegedly accessed systems of Pegasus technologies that manage electronic transactions of telecom companies …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector continues to recover from the impact of the coronavirus pandemic (Covid-19) as business conditions improved in August after a near standstill of activities during the series of lockdowns between March and the end of May. The latest headline, Stanbic Purchase Managers …
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Kampala, Uganda | THE INDEPENDENT | Dfcu Bank has shut its Lugogo Branch in Kampala after five of its staff tested positive for coronavirus (COVID-19). The Bank said in a notice last night that “all exposed colleagues in the branch are undergoing tests and will be required to self-isolate for 14 …
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