Stanbic Holdings has announced the appointment of Mr. Joseph Muganda as an Independent Non-Executive Director on the Board effective 12th October, 2021. Joe Muganda holds an MBA from Leicester University and a Bachelor of Science in Economics, Accounting and Financial Management from the University of Buckingham (UK). He has previously worked as the Managing Director […]
Equity Group #ticker:EQTY is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market. Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam. Britam plans […]
Businessman Julius Mwale who placed Sh27 billion bid in leasing of ailing Mumias Sugar has tapped an Indian firm running Dangote Sugar refineries in Nigeria to manage the Kenyan miller. Mr Mwale through his Tumaz and Tumaz Enterprise says it has inked a deal with J P Mukherji & Associates (JPMA) to help revive Mumias […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
Wim Vanhelleputte, CEO MTN Uganda announces the MTN IPO Offer opening at the Kampala Serena Hotel today MTN Uganda Limited is pleased to announce the opening of its initial public offer (IPO) of 20% of its ordinary shares, following approvals by the Capital Markets Authority of Uganda (CMA) and the Uganda Securities Exchange (USE). The […]
In the notice of intention to take over the fuel company, the lawyers; Ligomarc Advocates, said they had appointed Kabiito Karamagi as receiver for MOGAS, whose full name is Maestrol Oil and Gas Solutions, until the bank recovers all its money. THe notice has also been received by the Uganda Police Force. Stanbic Bank Uganda […]
Uganda’s economy has been struggling for some time now since the outbreak of coronavirus but the government and the private sector are coming up with numerous options to reverse the trend. On Oct. 20, the government released Sh 5.8trillion for the second quarter expenditure, representing 26% of the approved budget (excluding external financing, appropriation in […]
Sponsored: MTN Uganda early this week announced the opening of its Initial Public Offer for 20% of its company’s shares, an opportunity for the public to apply for stake in the company. Stanbic Bank is MTN’s Transactional advisor for MTN’s Initial Public Offer. In this interview, Anne Juuko , the CEO of Stanbic Bank sheds […]
Long queues of job seekers in their hundreds wait to hand in their documents at County hall on May 26, 2017, as they sought job opportunities. PHOTO | JEFF ANGOTE | NMG Kenya’s private sector hiring increased in October and firms also increased workers’ pay, partly helped by the government easing some restrictions aimed at […]
Kampala, Uganda — As 2021 gets to the end, Stanbic Bank Uganda has unveiled what it terms as ‘exciting offers’ on unsecured personal loans effectively activating the festive mood among customers. In a Nov.01 media statement, Uganda’s largest bank by assets, said, the promotional offer runs until end of the year. With interest rates on […]
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