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Entrepreneurs have been advised that an important part of doing business is being compliant in regards to the relevant regulatory rules in place. Speaking during a panel discussion under the theme, ‘Compliance and why many Ugandan MSMEs fail to seize lucrative business opportunities,’ Catherine Poran, the Chief Executive of the Stanbic Business Incubator Limited said, “The first reason why most Ugandan businesses fail is failure to adhere to compliance. Most businesses are not compliant with the laws. When you are doing business, do it the right way. Compliance means that you are doing business the right way. And that is…
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In a show of the country’s human capital prowess, Stanbic Bank Uganda, the country’s largest commercial lender, has exported several top banking executives to the rest of Africa in a space of less than five months. Stanbic Bank is a member of the Standard Bank Group—Africa’s largest lender by assets, and operates in twenty countries across the continent. In East Africa, Standard Bank trades as Stanbic and is present in Uganda, Kenya, Tanzania, DRC, and South Sudan. It is led by Ugandan investment banker Patrick Mweheire, who was elevated to Regional Chief Executive for East Africa following a successful term…
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Stanbic Uganda has announced the appointment of Catherine Poran as the first female Chief Executive Officer of the Stanbic Business Incubator, effective July 1, 2024, 2024. Poran succeeds Tony Otoa and brings a wealth of experience in business management, strategic planning, and risk management making her the ideal leader for the role. Stanbic Business Incubator is dedicated to nurturing and building the competitive capacity of local entrepreneurs and start-ups by providing a range of services, including business mentorship, training, and funding, to help enterprises access financing opportunities to facilitate their growth. It is a subsidiary of Stanbic Uganda Holdings Limited…
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