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, Kenya and South Sudan, the Borderless Banking solution has…
Absa Bank Uganda has partnered with the Uganda Institute of Information and Communication Technology (UICT) to provide ICT skills training to youth in vocational institutions around the country. The training is accredited by Amazon Web Services (AWS) following a partnership…
Cipla Quality Chemical Industries Limited, has announced that it will pay dividends in 4 years since it was listed on the Uganda Stock exchange. In the results for the financial year ending March 31, 2022, Cipla posted a profit after…
Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is…
Liberty General Uganda and Multilines International Limited have launched the Marine and Cargo Insurance in a bid to serve more clients in line with their needs, the two companies have said in a joint statement. This follows the announcement by…
Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives said the profits will be used to pay…
Chipper Cash, a cross-border payments app, on Monday, 29 August 2022, joined Uganda Securities Exchange (USE) as a trading participant. USE is a central place for trading of securities by licensed brokers It provides a platform for raising of capital…
According to a USE report, Umeme traded 37.6 million shares, taking 37.53 percent of the volume of sold shares while the company’s share price also slightly improved. Umeme shares were the most traded on the Uganda Securities Exchange (USE) in…
Some 40% of Uganda’s adult population is unbanked. Stanbic is determined to drive down these numbers through a number of initiatives. Emma Mugisha, executive director and head of Business Banking at Stanbic Bank Uganda, believes that mobile money represents a…
Government will capitalize Post Bank by at least 400 percent to increase its share capital to Shs500b from Shs100b. Speaking during the bank’s annual general meeting in Kampala yesterday, Ms Evelyn Anite, the State Minister for Investment, said government had…
Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business generated Shs406.37bn as the life insurance business…
Stanbic Uganda Holdings Limited (SUHL) reported a half year profit-after-tax of UGX162billion ending June 30, 2022. This is up from UGX158 billion recorded during the same period last year, indicating a 4.7% improvement. Speaking during the presentation of the SUHL…
Uganda’s Stock market on Monday witnessed some trading activities which saw businessman Charles Mbire bolster his stake at MTN by acquiring additional 2,263,930 shares at a total cost of Shs 459,907,621.00 on the securities exchange. This is the second purchase…
Victoria University and Stanbic Bank Uganda have unveiled to the students’ community a new financing scheme aimed at supporting blended learning by enabling students acquire laptops on hire purchase basis. The much sought-after scheme has been launched Monday August 22,…
Dfcu Bank has once again partnered with Nation Media Group represented by Daily Monitor, KPMG, and Uganda Investment Authority to launch the 2022 Uganda Top 100 Mid-sized companies’ survey. The Uganda Top 100 mid-sized companies’ program has been running since…