Kampala, Uganda | THE INDEPENDENT | The uncertainties surrounding the February 2021 polls could slow Uganda’s recovery from the battering by coronavirus as investors withhold investments until after the polls. According to Standard Chartered Bank’s country briefing, there is an expected increase in spending in the run-up to 2021 which should …
Read More »Joint Medical Stores gets UGX 8.4b Stanchart loan to stock up medicines, gear
Kampala, Uganda | THE INDEPENDENT | Joint Medical Stores (JMS) has received 8.4 billion Shillings (USD 2.2m) from Standard Chartered Bank Group to stock up medical materials that can be used during the coronavirus pandemic. The loan according to Stanchart is a drawdown from the USD 1 billion (3.8 trillion …
Read More »Absa, Stanchart fly high as 2019 turns great year for bankers
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda and Standard Chartered bank have announced a jump in profits for the year 2019, completing the set of the top five most profitable banks in the country. Stanbic, Centenary, Standard Chartered, Absa and Dfcu bank respectively make up the top five …
Read More »Uganda’s economy to grow by 6% in election year – Stanchart
Kampala, Uganda | THE INDEPENDENT | Uganda’s economy has been given a clean bill of health with the economy expected to expand by at least 6% in 2020, according to Standard Chartered bank outlook. This is despite the fact the country is going into an election year where some …
Read More »Ugandans lost UGX192 bn to hackers in 2018 – Survey
Kampala, Uganda | THE INDEPENDENT | Online attacks by hackers saw a whopping USD 52 million (192 billion Shillings) stolen from different organizations in Uganda, including banks in 2018, the latest survey shows. This was a growth from the USD 44 million (162 billion Shillings) stolen in 2017 and USD …
Read More »Stanchart to serve coffee in banking hall
Kampala, Uganda | THE INDEPENDENT | An expresso in the banking hall! Standard Chartered bank has partnered with Endiro Coffee to serve its customers at the main branch with a cup of coffee whenever they go to transact business. The arrangement named “coffee banking” will be a first for a bank …
Read More »Standard Chartered Bank new digital app to target social media users
Kampala, Uganda | THE INDEPENDENT | Sensing that more people are spending their time scrolling through their social media platforms and hardly want to be interrupted, Standard Chartered bank has devised means to find them there. The bank has added a feature SC Keyboard on their digital app, SC Mobile, …
Read More »High court blocks sale of Senana investments property
Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has issued a temporary injunction blocking Standard Chartered Bank from auctioning property belonging to Senana Investment. Commercial Division Registrar Festo Nsenga on Friday granted the order following a consent agreement with the lawyers of Standard Chartered Bank and Frida …
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