Covid-19 impact on money markets Archives

Anne Juuko, Stanbic Bank's Uganda Chief Executive has said Stanbic has both the capability and willingness to support the economy, especially SMEs brave the tough Covid-19 storms

IT CAN BE: Stanbic’s role in supporting businesses during COVID-19

You recently cut your prime lending rate to 16 percent, for the second time this year. This is a rather unexpected move, given the probable likelihood of increased Non-Performing Loans and other

July 10, 2020

Banking & Financial Services·CEO Perspectives·The Big Story

Prof. Emmanuel Tumusiime-Mutebile, (1949-2022)

HIGH INTEREST RATES: Furious Mutebile threatens banks with retaliatory statutory capping of lending rates

The Governor of Bank of Uganda, Professor Emmanuel Tumusiime Mutebile, has today threatened to take retaliatory statutory action on the banking industry over its reluctance to cut interest rates in line with

July 8, 2020

The Big Story

Bank of Uganda. The Bank has increased the Cash Reserve Requirement by 2 percentage points to 10 percent, effective 23rd June 2022. Courtesy

Non-Performing Loans Jump to UGX 783billion – BOU

The amount of money where borrowers have not made any payments for at least three months grew by 15 per cent to UGX783 billion between January and March 2020, the Bank of

July 7, 2020

Banking & Financial Services·The Big Story

70% African Consumers Take on Safe Contactless Payment for Daily Purchases

As many African countries imposed restrictions on social distancing in March, a study shows majority of consumers turned to contactless card payments for necessary purchases. According to Consumer polling by Mastercard, 70

May 5, 2020

Banking & Financial Services·Technology & Innovation·The Big Story

Michael Mugabi, Housing Finance Bank Managing Director

Housing Finance Bank rolls out credit restructuring exercise over Covid-19

Housing Finance Bank, one of Uganda’s top ten lenders and the biggest mortgage lender with over 50% market share, has started rolling out a credit restructuring exercise to its customers, on a

April 14, 2020

Banking & Financial Services·Company News·The Big Story

Ministry of Health Permanent Secretary Dr Diana Atwiine (left) receives a cheque worth UGX 100M from Stanbic CEO Anne Juuko (2nd right) as contribution towards the COVID-19 fight by government. Looking on is the Stanbic Corporate Social Investments Manager, Barbara Kasekende.

Stanbic Uganda offers loan holidays to customers impacted by COVID-19

Stanbic Bank Uganda has announced loan holiday packages for business and personal clients affected by the COVID-19 global pandemic. Stanbic Bank Uganda’s Chief Executive Anne Juuko said, “We understand that the situation

April 9, 2020

Company News·The Big Story

Kenneth Kitungulu Stanbic Bank Uganda Head of Global Markets

COVID-19: Stanbic’s March 2020 Purchasing Managers Index hits 3-year low as private sector enters into contraction

The Stanbic Purchase Managers Index (PMI) for March has recorded the first decline in business activity. This is due to the global coronavirus disease 2019 (COVID-19) pandemic which has led to falling

April 8, 2020

Company News·The Big Story

Dr. Nahabwe Innocent, CEO at BlueCube Limited, incorporating Kagwirawo, Galaxy FM, Bluecube and Club Amnesia. He is also the Managing Director of Howwe.biz and ugziki.ug

How Covid-19 will change our way of life forever

A few years back, one wonderful lady Carol, who I didn’t know personally came out suffering from Cancer. People mobilised by my friend Muhereza Kyamutetera, came together and collected money to send

April 8, 2020

Thought Leadership

Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners

MONEY MARKETS WITH STEPHEN KABOYO: BoU expected to cut April 2020 CBR; Shilling stabilises after a string of losses

BOU to cut the policy rate for April 2020 Globally Central Banks have reacted en masse to prop up their economies in the face of the Covid-19. BOU is expected to move

April 3, 2020

Banking & Financial Services·Thought Leadership