Block 2
Stanbic Holdings Half-year Net Profit Up 4.7% To Shs162bn
Stanbic Uganda Holdings Limited (SUHL) has recorded a 4.7% growth in profit-after-tax for the first six months to June.30 to Shs162billion. This comes amidst an unpredictable operating environment characterized by global price instability and a tightening of monetary policies. SUHL Chief Executive, Andrew Mashanda said the company’s performance was driven largely by our anchor subsidiary,…
Stanbic Bank To Offer Free Financial Literacy Training To Prison Officers
Prison Officers and their spouses will get free financial literacy courtesy of Stanbic Bank Uganda. This transformative training lunched on Wednesday is aimed towards enhancing their personal economic progress. The programme follows discussions between Johnson Byabashaijja, the Commissioner General of Uganda Prisons and Anne Juuko, the Stanbic Chief Executive. Israel Arinaitwe, the Head of Private…
Stanbic Bank Celebrates Customer Service Week With ‘L.O.V.E’ Campaign
Stanbic Bank Uganda is joining the rest of the world to celebrate the International Customer Service week through its new campaign dubbed ‘L.O.V.E.’ The International Customer Service Week is an avenue through which brands outdo themselves to give their customers a special treat in appreciation of their loyalty. The week’s celebrations started on Oct.04 and…
Stanbic Bank Bails Out Broke Ugandan Gov’t With 2 Trillion Shs
Government intends to borrow over Shs2 trillion to finance a budget shortfall realized a few months into the 2019/2020 financial year. In a domestic loan request presented to Parliament, Government indicated its plans to borrow up to Euro 300 million from each of two local banks: Stanbic Bank (U) Limited and Trade Development Bank. The…
Stalled Repair Works On Karuma,Pakwach Bridges Irk Legislators
Members of Parliament have called for expeditious completion of repairs at Karuma and Pakwach bridges, saying any delays may tantamount to deadly disasters. Legislators complained that the two old bridges are in critical condition with faulty and non-functional parts and that repair works have delayed. “The Karuma bridge bearings were faulty, expansion joints had worn…
Stakeholders Call For Scrapping Of 7pm Curfew On Bodabodas
The E-Trade Association, an umbrella association for companies that use the internet to create jobs in Uganda, have called for the removal of the 7pm curfew on motorcycles to enable mobility and full economic recovery. In a press conference held on Monday at the Fairway Hotel in Kampala, the association representatives stressed that motorcycles, also…
Staggering BoU Exposed For Raising CBR, Banks Told To Cut Interest Rates
The State Minister for industry, David Bahati is not happy that commercial banks in the country continue to raise their prime lending rates blaming it on the ‘rising’ inflation, which he said, is just one of unjustifiable excuses they are using to deny Ugandans credit. “Commercial banks are having a lot of excuses. The excuses…
Ssemujju Nganda: I Will Return To Journalism Only If Museveni Is Overthrown
Kiira Municipality Ibrahim Ssemujju Nganda has vowed to quit politics if the opposition manages to overthrow President Museveni. The FDC spokesperson said that the only reason he quit his journalism profession was to fight Museveni’s bad governance and once this is done, he will go back to his roots. He added that Ugandans need to…
Ssegirinya, Ssewanyana Lawyer Protests Delayed Completion Of Investigations
Shamim Malende, the lawyer of Legislators; Allan Ssewanyana and Muhammad Ssegirinya is protesting the delayed investigations into fresh murder charges against the MPs. On Wednesday, Malende represented the two MPs who were appearing before the Masaka Grade One Magistrate Christine Nantege, for further mention of additional murder charges and to receive updates on the progress…
Ssegirinya Released From Bugembe Prison
Muhammad Ssegirinya,Kawempe North National Unity Platform ‘NUP’candidate has been released on court bail after days in Kirinya prison where he was remanded after being charged with inciting violence. He was on Friday remanded to prison for allegedly inciting violence on November 19, 2020 when he was arrested by plain-clothed armed men. Ssegirinya was arrested at…