Stanbic Bank Uganda won the overall Gold award for Best Employer of the Year 2019 at the 16th edition of The Employer of the Year Award (EYA) 2019.
The awards held on Friday 8th November 2019 at Serena Hotel, Kampala were organized under the theme “Transforming organizations to optimize productivity”. The theme aimed at recognizing employers that have undertaken great strides in overall business strategy execution, customer service transformation, organizational culture initiatives, improved employee engagement, organizational efficiencies, cost reduction initiatives, topline and bottom-line growth.
Stanbic Bank Uganda’s Head of Human Capital Moses Mbubi while commenting on the awards thanked the federation for recognizing the Bank as the employer of the year.
He said Stanbic was specifically applauded for Breaking down an old culture that was resistant to Moving Forward by building a culture founded on the principle of LOVE (leap into action, own the issue, vow to make it right and enlighten with information).
“Staff Productivity doubled over the year. Staff Cost to Income dropped from 23.5% in 2013 to below 20% in June 2019. Robust Risk Management with Operational losses moved from UGX 6.6bn (2013) to a net recovery position of UGX 56m in June 2019, Transformed the Client and Employee Experience. Customer Net Promoter Scores (NPS) moved from Negative to Positive i.e. from -16 in 2015 to +24 in 2019. Employee NPS scores above Globally accepted Great score of +20 i.e. from +27 in 2017 with 59% participation rates to + 44 in 2019 with 77% participation rates,” he said.
“Through our people and culture approach, the Bank was able to Create an environment that embraces diversity and inclusivity thereby building a culture of belonging to maximize productivity & Innovation i.e. IGNITE Women leadership Programme,” he added.
The Banks’s flagship Corporate Social Investment project National Championship stood out for empowering the job creators of tomorrow.
Additionally the Bank was also consistently voted the Best bank in Uganda by Euromoney and EMEA finance from 2017 to 2019 and several industry accolades both as a Bank and for the Executives.
“Special thanks & recognition go to the entire Uganda Leadership team, Human Capital Team and all the employees of Stanbic Bank Uganda for an excellent job well done and an exceptional year. You are true brand ambassadors for the Standard Bank brand in Uganda,” he concluded.
The EYA awards are organized by the Federation of Uganda Employers (FUE) in conjunction with International Labour Organization and Makerere University School of Psychology
In a bid to promote sound people management practices, FUE initiated the Employer of the Year Awards (EYA) survey which is an annual event towards encouraging decent work through promoting best Human Resources Management practices which in turn enhances productivity, organizational competitiveness and sustainability in the country.
Stanbic Bank beat the over 100 companies that participated in the survey to emerge overall winners. There were several individual awards for the various categories and overall awards for total performance.
BOOSTING AGRICULTURE: Busoga farmers receive tractors:
Government, through National Agricultural Advisory Services (NAADS) has given out 26 tractors to selected farmer groups and associations in the Busoga region to boost commercial farming in the area.
The Speaker of Parliament, Rebecca Kadaga handed over the tractors to the different farmer groups on Friday 22, November, 2019 at the Luuka District headquarters.
Kadaga asked the farmers to properly utilize the tractors for agricultural use in order to boost commercial agriculture and alleviate poverty.
“I do not want to see or hear that the tractors are being used to ferry people back and forth or transport merchandise because that will defeat the purpose of the struggle we as leaders have gone through to secure them,” she added.
The Speaker further commended the Minister for Presidency and Luuka District Woman MP, Esther Mbayo for effort in lobbying for Busoga Region to receive tractors.
Minister Mbayo urged the groups to appropriately utilize these tractors for their own development adding that, “it was no walk in the park getting them”.
“Please take care of these tractors so that they can serve and help you grow in your respective groups; we want to see a boost in agriculture,” she added.
The Minister listed the following beneficiary groups as; Bugiri District Farmers Association, Bugweri Commercial Farmers Cooperative Society Limited, Kiwemba Farmers Cooperative Society, Buwende Butagaya Cooperative Society, Kamuli District Farmers Association, Nawanyago Technical Institute among others.
The Speaker asked the groups to utilize the Kasolwe Stock Farm in Kamuli which is currently being rehabilitated to acquire training on better farming practices and better animal and plant variations.
In separate events, the Speaker officiated over the 27 year celebrations of Luubu Twezimbe Group of the Blind in Mayuge District. She promised to lobby the President for a special program to support activities for people with disabilities.
She also launched the Luuka District Boda Boda SACCO that the President donated Ushs24m to.
French Embassy to host delegation of French businesses to Uganda
France, according to the Private Sector Investment Survey Report (PSIS) 2018 by Bank of Uganda, Uganda Bureau of Standards (UBOS) and Uganda Investment Authority (UIA) is among Uganda’s top 10 sources of Foreign Direct Investment (FDI), registering UGX531 billion worth of investments in 2017, up from UGX463 billion in 2016. According to the United Nations Conference on Trade and Development (UNCTAD) on the basis of FDI stock data through 2017, France continues to be the largest foreign investor in Africa.
Movement des Enterprise De France (the largest French business leaders association) in partnership with the French Embassy in Uganda, will hold a multisector trade mission to Uganda from 25th to 26th November 2019.
According the French Ambassador to Uganda, His Excellency Jules – Armand Aniambossoum, the trade mission is to enable French business leaders to prospect and identify potential local partners in Uganda- an economy he said, offers significant business opportunities.
“This will be a tremendous opportunity for all French business leaders who will be taking part in this mission; it will be an opportunity to know more about the projects and sectors of activities pushed forward by the Ugandan government, in particular understanding the government’s vision for the coming months, discuss with Ugandan authorities, their projects, their ongoing activities, difficulties and have a conversation on the business environment in Uganda,” H.E Aniambossoum told journalists, during a media breakfast at his residence in Nakasero.
“This will also help to identify new Ugandan business partners and know more about international financial institutions, current and future financing in Uganda,” he added.
MEDEF and MEDEF International, represents over 170,000 French companies, more than 90% of which are largely SMES.
Some of the meetings and networking opportunities lined up are with Ugandan trade-related Ministries, Departments and Agencies (MDAs), resident representatives of key international financial institutions, private sector associations and individual businesses and business leaders.
In 2017, the MEDEF mission had a similar delegation of 36 ICT, energy, public works, infrastructure, transports, health, agri-business, petrochemical and international trade firms to Uganda.
France is one of Uganda’s top 10 FDI contributors to Uganda
Although Uganda enjoys a fairly balanced trade position with the European Union (USD494 million) in exports to the EU in 2018 versus USD574.6 million in imports from EU- there still exists an imbalanced trade between France and Uganda in favour of France. According to 2018 statistics from Bank of Uganda, Uganda in 2018 imported goods worth some USD40 million from France, compared to USD6.2 million, Ugandan exports to France.
However, France, according to the Private Sector Investment Survey Report (PSIS) 2018 by Bank of Uganda, Uganda Bureau of Standards (UBOS) and Uganda Investment Authority (UIA) is among Uganda’s top 10 sources of Foreign Direct Investment (FDI), registering UGX531 billion worth of investments in 2017, up from UGX463 billion in 2016.
According to the United Nations Conference on Trade and Development (UNCTAD) on the basis of FDI stock data through 2017, France continues to be the largest foreign investor in Africa both due to its historical links with a number of countries on the continent and due to large investments in major hydrocarbon-producing economies, particularly Nigeria and Angola.
France, under president, Emmanuel Macron has sought to redefine its foreign policy on Africa, built on mutual respect, equality and reciprocity.
BACK AT IT! Woman sues International Hospital Kampala Over Negligence
“According to Munira, the reconstruction surgery wasn’t successful as one of the screws that were being used by Dr Mwaka during the surgical reconstruction penetrated the bone and broke through the cortex, the outer most part of the elbow”
This is not the first time IHK is being sued for negligence. In June 2019, Doreen Akoth sued the hospital for damaging her rectum during childbirth and sought compensation of more than Shs 10 million.
The suits come at the time when the Uganda Medical and Dental Practitioners Council is yet to give its verdict in another negligence case against IHK for the death of former WBS TV journalist, Nulait Nambaziira resulting from childbirth complications in 2018.
As you read this, an Indian national identified as Munira Jivraj has sued the same hospital and is now seeking to recover more than Shs 77 million arising from alleged negligence.
Munira has filed his suit before the Civil Division of the High court through her lawyers of Verma Jivram and Associates against IHK and Dr Edrisa Mwaka, a medical consultant at the hospital.
She contends that in January 2018, Dr Mwaka carried out a surgical reconstruction on her right elbow after she fell off the staircase and sustained a comminuted fracture. This is where a bone breaks into more than two fragments.
According to Munira, the reconstruction surgery wasn’t successful as one of the screws that were being used by Dr Mwaka during the surgical reconstruction penetrated the bone and broke through the cortex, the outer most part of the elbow.
She contends that a second surgery was performed by the same doctor, a day after and she was discharged on January 7, 2018, despite complaining about pain in the right elbow since the injury hadn’t been corrected.
Munira alleges that she was later forced to seek further medication from other medical facilities, which revealed that she had suffered post-operative supracondylar fracture (pain resulting from the fracture), post-traumatic arthritis of the elbow with clinical expressions of deformity and restricted range of motion.
“The radiographs and CT scan have shown deformity of the distal humerus with non–union, and loss of articular joint space causing permanent injury and incapacity”, reads the petition in part.
Munira says she later sought treatment abroad in India from Kokilabem Dhirubhai Ambani hospital and Medical Research Institute, where she incurred extra costs including hospital bills, operation costs, air travel tickets, visas and proper evaluation and management.
She is now seeking to recover Shs 77.8 million as special damages arising from failure to take proper precautions to avoid the screws used in the operation from penetrating the bone and breaking the cortex.
According to the breakdown, Munira says she spent Shs 500,000 at St Francis Nsambya hospital for a CT scan, Shs 4 million at CORSU Rehabilitation hospital for diagnosis, investigation and pain management in her right elbow. While in India, Munira alleges that she spent Shs 45.3 million, Shs 18 million for air travel visas, hotel accommodation for her and her helpers.
She also reportedly spent Shs 10 million on other operation costs and miscellaneous expenditures as a result of the negligence. Court has summoned IHK to file its defense within fifteen days before the case is allocated to a judge for a hearing.
Big Story4 weeks ago
PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019
Finance4 weeks ago
How Equity Bank transformed a small Ugandan UGX59bn microfinance institution into a UGX1.3 trillion bank
Big Story3 weeks ago
Sebalu & Lule Advocates counts losses as dfcu Bank drops them in multibillion Sudhir cases
Finance1 week ago
RICHARD BYARUGABA- the man who restored the “Security” in the National Social Security Fund of Uganda
Big Story2 weeks ago
13 POWER CUTS A MONTH: Kiwatule/Najjera residents suffer as Umeme and ERA dilly-dally over $3.5m investment into Ntinda Substation
People2 weeks ago
PEOPLE ON THE MOVE: Moses Kebba becomes Vivo Energy Marketing Manager as Jean Mugisha is elevated to Africa marketing role
Finance1 week ago
One-on-one with Stanbic CFO Sam Mwogeza on being the best finance executive you can be
Big Story2 weeks ago
Seyani Brothers scoops UGX64bn Judiciary Appellate Courts building contract