FINANCE

Stanbic Bank Uganda has announced the official commencement of the 9th edition of the esteemed National Schools Championship (NSC).This call for application event took place on Monday 18th March 2024 during a meeting of Municipal and District Education Officers (DEOs) convened at the National Teachers College Muni in Arua City.The National Schools Championship is an […]

As the world continues to celebrate the international women’s month, Stanbic Bank Uganda has re-echoed its commitment in supporting and empowering women lead groups. This call was made today during the annual Ring the Bell for gender equality conference at the Sheraton Hotel in Kampala. The international women’s theme for 2024 is: “Invest in Women; […]

Standard Bank has been ranked as the most valuable banking brand in Africa in 2024.  This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands.The bank also increased its brand value by 12.4% in the last year to reach […]

A Bank of Uganda special Monetary Policy Committee (MPC) meeting has increased the Central Bank Rate (CBR) to 10 percent, up from 9.5 percent announced in February.The Central Bank’s Deputy Governor, Michael Atingi-Ego, said the decision to increase the CBR was informed by the depreciation of the Shilling.Rising inflation Both headline and core inflation rose […]

The Standard Bank Group has appointed Stanbic Bank Uganda Chief Executive Anne Juuko to a new leadership role as Global Markets Regional Head-East Africa.The appointment is effective 1 April 2024. A successor will be announced in due course.Kayode Solola, the Standard Bank Group Executive Head for Global Markets—Africa Regions said, “I congratulate Anne on this […]

Standard Chartered Bank Uganda and BRAC have celebrated International Women’s Day with 50 girls whom they have been supporting as part of the Goal Girls programme.The Mentor’s Den event was dubbed “a conversation with the Goal girls” under the Topic: Turning passion into success.A Mentors’ Den is a small group session that brings together Futuremakers […]

Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by virtue of that position, an Executive Director on the company Board, effective March 1, 2024. Semakula who was previously with UMEME replaces Joram Ongura—the SBG Securities founding Chief Executive who left the role last […]

Uganda Development Bank’s (UDB) gross loan disbursements in the year 2023 grew by 21 percent while its total assets rose by 8 percent in a year marked with a rollout of new initiatives towards supporting the private sector. During the year 2023, the Bank approved funding amounting to Shs691 billion to support 201 projects across the […]

Uganda Manufacturers Association (UMA) and KCB Bank Uganda Tuesday signed a Memorandum of Understanding that will see manufacturers access tailored trade finance solutions from the commercial bank to streamline their business operations.The UMA Chairperson, Deo Kayemba, said the cost of financing in the current market is high, at an average of 22 percent, and that […]