Experts release a guide for beneficial laws in Uganda Kampala, Uganda | THE INDEPENDENT | Corporate opacity presents a key vulnerability in the Ugandan economy, contributing to the Shs2 trillion (US$550 million) in illicit financial flows (IFFs) lost each year, according to a joint report released by Global Financial Integrity …
Read More »Equity signs MoU with Uganda National Oil Company
| THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU include; …
Read More »Economy stutters in March, outlook remains positive
The headline Stanbic Purchasing Managers’ Index (PMI) posted 51.9 in March, down from 55.7 in February, but still signaling an improvement in business conditions as the health of Uganda’s private sector continues to strengthen during the last eight successive months. Kampala, Uganda | THE INDEPENDENT | Released today, the index …
Read More »Stanbic goes for SACCOs, young clients
The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …
Read More »Stanbic Bank gives Ugandans opportunity to get #OneStepCloser
Kampala, Uganda | THE INDEPENDENT | The social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to Stanbic Bank Uganda, as the lender’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses after the pandemic. …
Read More »Makerere, Stanbic strike laptops hire purchase deal
Kampala, Uganda | THE INDEPENDENT | Makerere University has signed a Memorandum of Understanding (MOU) with Stanbic Bank Uganda to enable staff and students to acquire laptops on a hire purchase basis. This comes at a time when Makerere University is preparing to open fully for all students next week, …
Read More »Focus turns to food and housing needs as L. Albert Oil Project gathers pace
Kampala, Uganda | RONALD MUSOKE | As the construction phase of the L. Albert Oil Development Project gathers pace, focus has now turned to how best local entrepreneurs in the agriculture and housing sectors can maximise opportunities the oil industry is attracting into Uganda. Two studies were launched on Feb. …
Read More »SBIL: 700 SMEs awarded certificates in enterprise development
Kampala, Uganda | THE INDEPENDENT | Stanbic Business Incubator Limited (SBIL) has awarded 700 Small and Medium Enterprises (SMEs) with certificates in enterprise development, this, after three months of training in financial literacy, business planning, contracts and bid management. The participating SMEs were drawn from a wide range of …
Read More »The Museveni-Mutebile conundrum
Why their opposing views still represent the ideological contention over Uganda’s destiny THE LAST WORD | ANDREW M. MWENDA | The memorial service of deceased central bank governor, Emmanuel Tumusiime-Mutebile, provided a rare glimpse into the ideological contests that shaped the nature of the economy of present-day Uganda. President Museveni …
Read More »BOU’s Atingi-Ego, Finance’s Ggoobi for Stanbic Economic Outlook forum
Kampala, Uganda | THE INDEPENDENT | Deputy Bank of Uganda Governor Dr. Michael Atingi-Ego has been named among the high-level panelists to headline Stanbic Bank’s annual Economic Outlook Forum slated for tomorrow at Kampala Serena Hotel. Held annually, this year’s forum will run under the theme “Uganda- A Tale of resilience …
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