MTN recently announced that 4.5billion shares are up for grabs in the company, which will see Ugandans move from only being customers to becoming shareholders. In this article, we’ll give you a step-by-step guide on how to apply for the…
Stanbic Bank Uganda has taken control of petroleum products distributor MOGAS after the latter reportedly failed to pay back a three-year loan. The bank immediately put the company, whose full name is: Maestro Oil and Gas Solutions under receivership to…
On Wednesday, 13th October 2021, United Arab Emirates-based investor, Majid Al Futtaim, announced that through his supermarket brand Carrefour will be taking over all Ugandan retail stores operated by Shoprite Checkers Uganda Ltd, as they exit the country. Majid al…
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…
Upon finalization of the share acquisition transaction, Kenyan I&M Group announced plans to rebrand its newly acquired business in Uganda, Orient Bank Ltd to I&M Bank (Uganda) Limited. I&M PLC’s acquisition of 90% shareholding in Uganda’s Orient Bank Ltd (OBL)…
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 a stake in the company. Stanbic Bank is MTN’s Transactional advisor for MTN’s…
On Monday 11th October 2021, MTN Uganda opened its Initial Public Offer that will run until 22nd November 2021 at 4 pm. The MTN Uganda Chief Executive Officer (CEO), Wim Vanhelleputte, sheds more light on the MTN IPO, responding to…
Telecom giant MTN Uganda, a subsidiary of MTN South Africa, has announced that the company has decided to give Ugandans an opportunity to buy shares 20% of the company’s ordinary shares worth Shs4.4Bn following approvals by the Capital Markets Authority…
The strategy by telecom giant MTN Telecommunications Company of getting Ugandans involved as partners in its activities has been described as very important by President Yoweri Museveni who said it allows Ugandans and Africans to be partners in all the…
PHOTO: Michael Atingi-Ego the Deputy Governor BOU, Wim Vanhelleputte the MTN Uganda CEO, Anne Jjuuko the Stanbic Bank Uganda CEO, Godfrey Baluku Kabyangga the State Minister for National Guidance, Irene Ssewankambo, the Executive Director UCC and Andrew Bugembe, the MTN…
Uganda Securities Exchange’s (USE) Securities Central Depository (SCD) and MTN Mobile Money have today unveiled a digital SCD account opening platform to further efforts towards financially including all Ugandans. A Securities Central Depository commonly referred to as an SCD account…
Stanbic Uganda Holdings Limited (SUHL), a member of the Standard Bank Group, has demonstrated business resilience, weathering through the effects of the Covid-19 pandemic to post a robust performance in the first half of 2021 with strong growth across all…
Equity has been named the Best Regional Bank in East Africa by the 2021 African Banker Awards. The award was conferred to the Bank for its strong and consistent financial performance, its role in leading the disruption of Fintech innovations…
The recently concluded nationwide 42-day lockdown intended to lessen the spread of a second wave of the Covid-19 pandemic across Uganda has added to the continued economic slowdown. The headline Stanbic Purchasing Managers’ Index (PMI) slipped to 34.6 in July,…
Real Sector Annual Headline inflation slightly increased to 2.0% in June 2021 from 1.9% the previous month, largely driven by increases in prices for food and non-alcoholic beverages during the month. Economic activity weakened in June 2021 largely on account of the implementation of restriction measures to curb the resurgent spread of Covid-19 during the month. Similarly, sentiments about doing business, as measured by the Business Tendency Index (BTI), turned pessimistic in…