The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders.Spanning a single network that includes Uganda, Tanzania,…
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The Uganda Chamber of Mines and Petroleum has appointed a new team to its governing council.The 12-member team was appointed to the UCMP’s governing council during the 11th Annual General Meeting.The…
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Francis Karuhanga, a Ugandan, has been named the new Chief Audit Officer at Standard Group.“It is with great excitement that we announce the appointment of Francis Karuhanga as our new…
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Stanbic Uganda Holdings has appointed Andrew Mashanda as the new chief executive, replacing Patrick Mweheire who continues to serve the company as a Non- Executive Director.In a notice to shareholders…
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Uganda’s largest bank by assets and deposits, Stanbic Bank, has posted an incredible 26.5 percent growth in assets from UGX 6.1trillion to UGX 7.7 trillion, Half Year results for year…
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Most borrowers tend to hide away from their banks at the very first sign of trouble. And as COVID-19 related business complications begin to make landfall for many businesses in…
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Please mention a few key highlights for Stanbic Bank in 2019? We delivered another great performance and were able to improve on all our key performance goals. We grew our…
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Shareholders of Stanbic Uganda Holdings Limited will walk away 13.2% richer than last year, following the board’s recommendation of UGX2.15 per share dividend for 2019, up from the UGX1.9 paid…
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Today, 19th December 2019, Tony Okao Otoa will pass out yet another cohort of SME executives, after a 3 months rigorous business mentoring and coaching in all aspects of business at Stanbic Bank’s The Business Incubator programme. Otoa’s job is no ordinary job- he teaches or rather is a sort of headmaster for an ‘institution’ that teaches Ugandan businesses how to do business in a business-like manner.
Born out of a need to prop up SMEs that are Uganda’s engine of growth, by Stanbic Bank, Uganda’s biggest bank and initially tailored for SMEs focused on serving the nascent oil and gas industry, the programme has quickly gained demand across the entire SMEs and start-up spectrum. The Oxford Brookes University alumni, who has spent a better part of his career in supporting national/local content in the oil and gas sector, in this interview with CEO East Africa’s Muhereza Kyamutetera, passionately shares lessons learnt, successes made but more importantly, what more needs to be done- to build a thriving SME ecosystem in Uganda- beyond just words and the usual grandstanding.
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The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018.The banking sector, dominated 69% of these assets, followed…
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