Kampala, Uganda — Stanbic Bank Uganda (SBU) has paid out a total of Sh110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of the Covid-19 pandemic last year, Bank of Uganda (BoU) directed supervised financial institutions to defer all […]

The Reserve Bank of Zimbabwe (RBZ) said on Wednesday US$639,5 million has been allocated to over 100 companies at the foreign currency auction since its inception at the end of June last year. Introduction of the auction system saw the country dumping its then fixed exchange rate of $25 to US$1. Since then, the rate […]

The Chief Executive, Stanbic IBTC Stockbrokers, Titi Ogungbesan , in this interview speaks about activities in the Nigerian stock market. brings the excerpts: The Nigerian Stock Exchange (NSE) posted an unusually strong performance for 2020, closing the year with a 50 per cent gain. This was in spite of the forced economic lockdown due to […]

The Reserve Bank of Zimbabwe (RBZ) said on Wednesday US$639.5 million has been allocated to over 100 companies at the foreign currency auction since its inception at the end of June last year. Introduction of the auction system saw the country dumping its then fixed exchange rate of $25 to US$1. Since then, the rate […]

The Auditor General has warned government to cut back on its increasingly growing appetite to borrow from commercial banks, noting it presents a risk to growth and access to private sector credit. In a report for the period ended June 2020, the Auditor General indicated that government’s non-concessional loans borrowed from commercial banks had spiked […]

Private sector optimism picked up in February, ending a two month sequence of job cuts and supported by preparations for a wider reopening of schools in the coming months as concerns over the general election period receded. Posting a reading of 51.2 for February, the Stanbic Purchasing Managers’ Index (PMI) moved back above 50.0 signifying […]

The end of the election season and preparations for a wider school return were behind a rebound in business sentiment last month, according to a monthly survey. After dropping to a seven-month low in January , largely due to uncertainty about the general elections, activity in Uganda’s private sector improved in February. The Stanbic Bank […]

Stanbic bank has witnessed growing confidence in the business community to invest more, two months after the market showed strong signs of uncertainty and pessimism. According to the bank’s Purchasing Managers’ Index (PMI), "Private sector optimism picked up during February ending a two-month sequence of job cuts and leading to an improvement in the Stanbic […]

Leading financial services institution, Stanbic Bank, has set up nine remote branches at tobacco auction floors throughout the country to enable ease of access to funds for tobacco farmers during the tobacco selling season due to kick off this month. The implants, as the branches are termed, are geared to serve the banking needs of […]