Kampala, Uganda | THE INDEPENDENT | FlyHub Uganda Limited, a subsidiary of Stanbic Bank Uganda Holdings Limited (SBUL) has announced the appointment of Joel Muhumuza as its first Chief Executive Officer. FlyHub is a newly created FinTech company and one of four subsidiaries under SBUL, the others being, SBG Securities, …
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Growth is attributed largely to government’s move to relax second lockdown measures Kampala, Uganda | JULIUS BUSINGE | The business community has reported an improved business environment that has seen them somewhat recover from the negative effects of the 42-day lockdown, according to a monthly survey report sponsored by Stanbic …
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Kampala, Uganda | THE INDEPENDENT REPORTER | Stanbic Bank Uganda has countered fraudulent activity by a few of its banking agents aimed at defrauding the bank. The bank was quick to add that the incident did not affect customer transactions or balances and that agency banking services continue to operate …
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Sam Mwogeza is the head, Consumer and High Net Customers at Stanbic Bank Uganda. He spoke to The Independent about the lender’s plan to finance the country’s economic comeback from the pandemic. You have had a successful first half of the year, judging by your Shs 154.9bn net profit. Does …
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But players expect recovery due to easing of COVID-19 lockdown measures Kampala, Uganda | JULIUS BUSINGE | Business captains are optimistic that activity will rebound once lockdown restrictions are lifted by government, according to the July Purchasing Managers’ Index (PMI). Experts expect opportunities in form of new jobs and economic …
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Stanbic Bank has just held its annual financial market event that brings together its clients and investors to share views on trends and outlook on financial markets, foreign exchange and interest rates. The media had an interaction with the Head of Trading at Stanbic Bank Ronald Muyanja and he shares …
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Company to focus on investing in technology and digital solutions to enhance customer experience Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Limited (SHUL) has demonstrated business resilience, weathering effects of the coronavirus pandemic to post an impressive 21.5% growth in profit after tax to Shs154.9bn for the first …
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Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, …
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The risk of extending the COVID-19 lockdown could delay rebound in economic activity Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector activity slowed in June, the second time in a row, with businesses forecasting a dejected outlook for the few months ahead as a result of the ongoing second …
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Stanbic defies energy transition, promises to finance oil and gas developments Kampala, Uganda | THE INDEPENDENT | Stanbic Bank says it will give capital for oil and gas developments in Uganda. The bank’s stand comes amidst growing opposition against fossil fuels including oil and gas in favor of renewable energy. …
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