By Emma Mugisha, Executive Director, Stanbic Bank Uganda Limited Globally, 44% of companies have three or more women in their C-suite, up from 29% of companies in 2015. Why? More role models in public and private sector means creating belief in young women to aspire for leadership (Examples: Uganda’s women dominated cabinet, means the government is leading as a good example to the Private sector to create more space for women in boardrooms. Girl Child Education has registered success, this has created a pool of many young women from which to pick the next generation of women in leadership. Globalisation…
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National Housing, Stanbic Properties Limited, and Stanbic Bank Uganda have today entered a tripartite partnership to develop and facilitate Ugandans to access affordable modern housing. The function presided over today, by the Minister of Finance, Planning and Economic Development Matia Kasaija. Under the terms of the partnership, National Housing will provide land to develop affordable modern housing whereupon Stanbic Properties will handle the direct sales and marketing with Stanbic Bank playing the role of financing partner. Both Stanbic Bank and Stanbic Properties are subsidiaries of Stanbic Uganda Holdings Limited (SUHL), under the Standard Bank Group, Africa’s largest commercial bank. Under…
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Sam Ntulume has been appointed as the new Executive Director and Chief Operations Officer at I&M Bank Uganda. Sam has a working career span of 28 years in various sectors of the economy with 16 years of these being in the Financial Services Industry. He brings a wealth of experience in Executive Leadership, Corporate Governance, Strategy & Innovation, Business Development, Mergers & Acquisition, Risk Management & Control, Compliance, Financial Management, Corporate Reporting, Operations & Information Technology and Transformation at the Senior Management and Board level, having worked for both international and local institutions within and outside Uganda. Ntulume has held…
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Uganda’s corporate executives have been urged to lead with compassion, putting the wellbeing of their people above business targets as a more effective way to drive the country’s economic restart from the ruins of the Covid19 pandemic. This is one of the major highlights shared at the inaugural Stanbic Bank Uganda Compassionate Leadership meeting held virtually on Thursday. Held under the theme, ‘leading with Heart – Adapting to a new normal in a tough business environment’, the virtual engagement was attended by over 100 participants from a cross section of Uganda’s private sector. The panel was moderated by Maurice Mugisha,…
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Stanbic Bank has signed a partnership with the Ministry of Health which will see the bank offer a range of low interest loans to government health workers across the country. The loans range from personal unsecured salary loans to secured loans, mortgages, vehicle and asset financing loans (VAF), said Anne Juuko, Stanbic Bank Chief Executive at the launch of the partnership event held at the Ministry of Health Headquarters in Kampala on October 18, 2021. Health workers (government) will be entitled to open an everyday banking account which attracts no monthly charges. However, workers with existing and different accounts in…
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Stanbic Bank Uganda has placed oil marketing company Mogas Group under receivership in order to recover outstanding loans. In a statement, the Bank says: “Stanbic Bank Uganda Limited has placed Mogas Group assets under receivership to recover outstanding loans, adding that Kabiito Karamagi with the Law Firm, Ligomarc Advocates, has been appointed Receiver in Uganda and is leading the takeover process of the borrower’s assets in the country. According to Stanbic, Mogas has been a client of Standard bank group and is multi-borrowed across several jurisdictions including Uganda and the asset takeover was being applied as a last resort. “The…
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MTN Uganda early this week announced the opening of its Initial Public Offer for 20% of its company’s shares, an opportunity for the public to apply for stake in the company. Stanbic Bank is MTN’s Transactional advisor for MTN’s Initial Public Offer. In this interview, Anne Juuko, the CEO of Stanbic Bank sheds light on MTN’s IPO for prospective investors. From your expert opinion, would you consider the MTN IPO a good investment and why? This is definitely a worthwhile investment when considering the macro-economic and industry environment. There is a low mobile penetration rate in Uganda of just over 60%, high…
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Stanbic Bank Uganda Limited and Kampala City Traders Association (KACITA), have gone into a partnership that will significantly ease traders’ ability to source for goods from Asian markets as well as pay the stipulated taxes on the imported items. This is expected to improve compliance, but the bigger aim is to help transform Uganda’s small and medium enterprises (SMEs). Anne Juuko, Stanbic Bank Uganda Chief Executive said, “Our purpose as a bank is ‘Uganda is our home, we drive her growth’, SMEs are the heartbeat of the country employing over 2.5million Ugandans, but they have been hit hard by the…
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Jumia, a leading e-commerce firm, has announced a partnership with Stanbic Bank that will see all consumers that pay using Stanbic Visa card get free delivery on all items purchased on Jumia (including Jumia Food) for a period of three months. This offer will be implemented in the upcoming Jumia Black Friday campaign and throughout the festive season. Speaking at the official launch of the partnership held at Jumia office in Kampala, Stanbic Bank Head of Banking, Ronald Makata said, the bank is very pleased to be partnering with one of the biggest e-commerce platforms in Uganda to promote a…
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Stanbic Bank Uganda is joining the rest of the world to celebrate the International Customer Service week through its new campaign dubbed ‘L.O.V.E.’ The International Customer Service Week is an avenue through which brands outdo themselves to give their customers a special treat in appreciation of their loyalty. The week’s celebrations that started on Oct.04, will run through to Friday, Oct.08. Sonia Karamagi, Customer Experience Manager at Stanbic Bank said, the bank is celebrating the week under the theme “LOVE October.” Karamagi said, love is a good thing, and that they are not changing that. “What we are changing is…
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