Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil and gas multinationals, telecom giants, regulators, and investment firms, there is a new generation of Ugandan professionals. They are strategically placed, thoroughly equipped, and quietly making their way to the corner office. These are individuals already entrusted with large budgets, wide teams, and critical mandates. Some are executive directors, overseeing operations, strategy, risk, and people in top-tier institutions. Others are chief financial officers, managing billions in assets, liquidity, and compliance…
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Stanbic Bank Uganda has redefined luxury banking with the launch of its new Visa Infinite Card, offering a suite of exclusive benefits tailored for high-net-worth clients. Unveiled at a fine dining event at the Kampala Serena Hotel, the Infinite Card promises unparalleled financial freedom and an elevated customer experience for Uganda’s affluent clientele. Features include no annual fees, global acceptance, and enhanced rewards programs. Kiwanuka said, “Today marks a significant milestone for us. Our Infinite Card embodies our commitment to innovation and customer-centric banking, extending the world of limitless possibilities because at Stanbic, it’s not just banking!” Kiwanuka said card…
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Statistics by the World Bank show that an average Ugandan spends approximately 120,000 UGX, out of pocket, on medical treatment. With an average age of 17 and less than 500,000 Ugandans with medical insurance today, there’s urgent need fill this gap and ensure as many Ugandans can access affordable medical care through health insurance. This has triggered historical companies in finance and insurance, Stanbic bank and Prudential respectively to come up with Stanbic MediProtect, a Medical Insurance Cover for Ugandans. Under this, with just UGX600, 000 or USD166 investment (silver package), Stanbic customers are now able to acquire for themselves…
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Ugandans looking to buy their first house can now do so with up to 100% financing from Stanbic Bank at 14.5% in a move aimed at helping working Ugandans to live rent-free and channel resources to invest in their own property. Part of its new campaign dubbed—Get it done—the bank has also slashed lending rates on personal consumer loans to 15.5%, the lowest in the market—and accessible within two minutes to prequalified customers—through the lender’s mobile banking platform. Customers with loans in other banks can also migrate to Stanbic Bank under special terms and settle their obligations at lower rates—they…
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Have you been wondering what a social media hashtag #OneStepCloser that has been gaining popularity in recent weeks, is about? #OneStepCloser is Stanbic Bank Uganda’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses after the pandemic. In a statement to the press, Daniel Ogong, Stanbic Bank Uganda’s Head of Marketing and Customer Experience says the brand campaign is aimed at cheering Ugandans to believe and not to give up on their dreams—with Stanbic Bank as their partner. “Every story should be placed in context and ours as a country is very clear—we have…
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Stanbic Bank Uganda has announced exciting offers on unsecured personal loans effectively activating the festive mood among customers, with Christmas just seven weeks away. The promotional offer runs until end of the year. With interest rates on offers starting from as low as 16% (subject to terms and conditions), customers are being given long repayment-periods of up to 72 months for unsecured advances to salary earners, 10 years for land financing and up to twenty years for home purchase. “After a tough year that saw many Ugandans spend their savings as they stayed home due to Covid-19, our offer is…
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Stanbic Bank Uganda has unveiled a special financial services package targeting members of the legal fraternity, climaxing the 4th annual law conference held this week in Kampala, on an exciting note. Sam Mwogeza, Stanbic Bank Uganda’s Head of Consumer and High Net Worth banking presided over the attractive financial services package that includes access to credit at preferential rates, unique insurance and investment offers. “This is a customized “lawyers’ financial services pack” from Stanbic bank to everyone in the legal fraternity; offering has something for everyone including interns, clerks, advocates, magistrates, senior legal advisors and judges,” Mwogeza said. Some of…
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Shareholders of Stanbic Uganda Holdings Limited will walk away 13.2% richer than last year, following the board’s recommendation of UGX2.15 per share dividend for 2019, up from the UGX1.9 paid for 2018. This follows what Patrick Mweheire, the Chief Executive of Stanbic Uganda Holdings Limited, called “another great performance” that saw the bank “improve on all our key performance goals.” “We grew our deposits by 21% as more customers trusted us with their money and our loans and advances grew by 14% by – availing UGX 344 billion of new credit to key sectors of the economy such as manufacturing,…
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First of all how did you get introduced to the world of finance? Did you always want to be a finance person when you grew up? How did it all start? Interesting question. I come from a family that is skewed towards accounting- my mum is an accountant and my late dad was a banker. Right from childhood, we all got taught about the principles of ensuring accountability for whatever resources we were given. From a very early age you’d be given some little amounts of funding and you had to say what you did with it- either you saved…
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The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank of Uganda’s Financial Stability Report, June 2019. According to the report, as at end June 2019, the banking sector, continued to flourish with commercial banks accounting for 95.2 percent (UGX30.3 trillion) of the banking sector’s total assets of UGX.31.8 trillion. This was followed by the Microfinance Deposit-taking Institutions (MDIs)…
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