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Stanbic Bank Uganda- Page 6

Left-Right: Standard Bank Group (SBG) Board Chairman Nonkululeko Nyembezi (left); the Chief Executive, Sim Tshabalala (2nd left) and Patrick Mweheire (centre), the Standard Bank’s Regional Chief Executive for East Africa, met with Central Bank officials, Dr. Atingi-Ego (2nd right) and Twinemanzi (right).

Standard Bank Group Chief Executive Sim Tshabalala, Board Chair Nonkululeko Nyembezi meet BOU officials over changes at Stanbic 

The Standard Bank Group (SBG) Chief Executive Sim Tshabalala and Board Chairman Nonkululeko Nyembezi were reportedly in Uganda for two days, last week, during which they held meetings with different stakeholders including
April 8, 2024
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The latest expansion in purchasing activity and a quickening of deliveries from suppliers meant that inventories increased for the eighth month. File Photo

Uganda’s private sector output expands for eleventh successive month

The monthly Stanbic Purchasing Managers’ Index (PMI), a measure of Uganda’s private sector business confidence, saw a slight drop from 57.4 in May to 56.4 in June, but optimism remains high on
July 7, 2023
Stanbic Bank's Mathias Jumba addressing sugarcane farmers in Jinja. Stanbic Bank’s sister company, Stanbic Business Incubator (SBIL) engages farmers in sessions aimed at helping them to improve their business management skills.

Stanbic Bank Commits To Supporting Western Uganda Farmers 

Stanbic Bank Uganda Limited is committed to continuing to support farmers with financial and non-financial solutions to be able to yield tangible results from their farming activities. This revelation was made by
June 26, 2023
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Fuel payment is among the leading hard cash transactions in the country and a key target in Uganda’s quest to become a cashless economy and this has since seen the Parliament amend the National Payments Act to safeguard consumers from harm that may arise from using e-payments. Courtesy photo

FlexiPay, TotalEnergies partner to ease prepaid customer card top-ups 

Individuals buying fuel and enjoying other TotalEnergies products through their TotalEnergies card can now easily load credit to their cards using FlexiPay, a digital payment solution offered by Stanbic Bank. TotalEnergies’ prepaid
June 26, 2023
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Mulalo Madula, Economist at Standard Bank. She says the significant uptick in business activity may contribute to increased inflationary pressures alongside reported increases in staff, electricity, fuel, and construction material costs

Increasing customer demand spurs growth of company input orders

The headline Stanbic Purchasing Managers Index (PMI) reached its highest point this year, posting 57.4 during May, up from 55.4 in April as success in securing new customers had a positive impact
June 26, 2023
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M-KOPA provides digital credit to underbanked consumers by combining digital payments with Internet of Things technology. FILE PHOTO

Standard Bank Group moves to support M-KOPA’s growth in Uganda and Kenya with US$202 million funding

Standard Bank Group has arranged sustainability-linked, multi-currency facilities to support M-KOPA’s growth in Kenya and Uganda Regarded as a pioneering and leading fintech platform, M-KOPA’s solutions provide underbanked customers with instant access
June 23, 2023
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Anne Juuko, the Stanbic Bank Chief Executive and convener of the first-ever Financial Fraud Forum 2023 speaks at the event

SPECIAL REPORT: Inside the multi-billion shilling financial fraud hydra in Uganda’s financial industry and the industry-wide ambitious proposals to cut off its many heads

On the evening of Friday, 09th September 2018, unknown persons hacked the mobile money float accounts of a payments aggregator company called Beyonic Ltd and originated payments amounting to UGX2,617,761,200. According to
April 17, 2023
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Over and above the AAA credit rating, Fitch has also upgraded Stanbic Bank’s Viability Rating (VR) to 'b+' from 'b' due to improved capital buffers relative to its risk profile.

Fitch retains AAA rating for Stanbic Bank Uganda 

Fitch, the international credit rating agency, has retained the Stanbic Bank Uganda’s National Rating at ‘AAA (uga)/Stable’, the highest possible on a national scale in its latest report issued last week. The
April 11, 2023
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