banks Naa Alhassan Andani, a former Chief Executive Officer (CEO) of Stanbic Bank, has appealed to stakeholders in the Muslim communities in the country to provide financial support for the establishment of an Islamic Bank to address the financial needs of all Muslims. According to the former CEO, the call for the establishment of the […]
ABSA Bank Uganda MD Mumba Kalifungwa and CFO Michael Segwaya during the release of the lender’s financial results at Kampala Serena Hotel on April 12. The lender is seeking opportunities for collaboration while becoming more agile to serve customers beyond traditional banking Kampala, Uganda | ISAAC KHISA | ABSA Bank Uganda, a subsidiary of ABSA […]
Executives display copies of signed MoUs. | THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU […]
Agnes Asiimwe Konde, a Vice President at Alliance for a Green Revolution in Africa, says Ugandans, and women in particular need to understand the local market because it is still highly underserved. She says the local market can ably support local entrepreneurs, with locally made products. Ugandan women have been advised to look at the […]
Bancassurance contributed UGX103.5billion to the UGX1.1trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22 percent to consolidate its position as a market leader. Bancassurance is the sale of life assurance and other general insurance products through commercial banking institutions; in 2020, bancassurance sales contributed only UGX32bn […]
By Modupe Gbadeyanka Customers of Stanbic IBTC Bank Plc will win more prizes in season 2 of the Reward4Saving promo, the financial institution has assured. In a statement, the lender said the second edition has been expanded as part of efforts to encourage a savings culture among Nigerians, especially at a time many are battling […]
The headline Stanbic Purchasing Managers’ Index (PMI) posted 51.9 in March, down from 55.7 in February, but still signaling an improvement in business conditions as the health of Uganda’s private sector continues to strengthen during the last eight successive months. Kampala, Uganda | THE INDEPENDENT | Released today, the index shows that conditions improved towards […]
Absa Bank Uganda managing director Mumba Kalifungwa. PHOTO | POOL Reduced bad loans helped boost Absa Bank Uganda’s net profits to Ush111.6 billion ($31.1 million) in year ending December 31, 2021, from Ush41.7 billion ($11.6 million) in 2020, making the subsidiary the second most profitable unit in the region after Absa Bank Kenya. Absa has […]
Standard Chartered Bank The UK-headquartered multinational banking group said it’s decision to exit the markets will enable it concentrate its resources where it can make the most impact. Specifically, the strategy will help deliver efficiencies, reduce complexity and drive scale. In the meantime, the planned exits are still subject to regulatory approvals. Standard Chartered Plc […]
The Kenya National Chamber of Commerce and Industry (KNCCI) has unveiled measures aimed at unlocking funding opportunities and various key policies within the Lake Region Economic Block (LREB). Speaking during the LREB private sector forum at Busia Vocational Training Centre Thursday, KNCCI and Busia Chapter Chairman, Sylvanus Abungu described KNCCI as money owners with LREB […]
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