Coming hot-on-the heels of the World Mental Health Day, I want to lend my voice to the issue of mental well-being as it’s such a critical issue that has become rampant and is impacting society and businesses alike. It’s also a less understood issue until one experiences it so, I take this opportunity to join other authorities to create awareness in the hope that it will help someone or change someone’s perception. First, we need to appreciate that we all have mental health, just as we all have physical health. Even the fittest people can get physically unwell, and our…
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To start and build thriving and domestically, regionally and globally competitive businesses, Ugandan Investors have been advised to focus on building for the long-term by getting the fundamentals right. This among others includes collaborating with the right partners; regulatory compliance including tax compliance, adopting sustainable practices as well as digitising their businesses to cut costs and create efficiencies. Partnering with Uganda Investment Authority for the H2 2023 Investment Summit, Standard Chartered Bank assembled a panel of experts to equip investors with valuable insights and information on the economic market environment, personal & sector investment opportunities for the corporate and government…
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Prudence Byarugaba has been appointed as the Country Chief Risk Officer and Country Head of Operational Risk at Standard Chartered Bank Uganda Limited effective 15th July 2023. According to a statement by the bank, Prudence brings to the position, “a wealth of experience in risk management cultivated and engrained over the 20 years she has been with the Bank”. She until her recent appointment the Country Head of Credit and Senior Credit Manager – Corporate, Commercial & Institutional Banking at the Bank. Prior to that, she served as Senior Credit Manager – Commodity Traders & Agribusiness, Africa; Senior Risk Governance Manager, Europe;…
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Financial Officers have been tasked to focus on value addition rather than only focusing on numbers within the organizations they serve to fit into the future Chief Value Officer role. This was revealed during the ACCA Uganda and Deloitte CFO Network Forum which served as a launch pad for the 7th edition of the Chief Financial Officer (CFO) Awards, to be held on October 12th under the theme “The Future Proof CFO: The Emergence of the Chief Value Officer”. In his keynote speech, Sanjay Rughani FCCA, CEO Standard Chartered Bank Uganda encouraged the finance officers to automate their work and…
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After spending 14 years at Standard Chartered Bank Uganda, the amiable Moses Rutahigwa has been appointed as the new Consumer, Private and Business Banking Head at Standard Chartered Bank Botswana. He has been serving in the same role, in Uganda since January 2021. Moses’ started-from-the-bottom career at the bank saw him start as a Branch Manager in 2010, rising to become a Regional Branch Manager in 2013 until January 2015 when he was appointed Head, Strategic Transformation, a role he played for a year. In February 2016, he was appointed Head, Client Acquisitions until September 2017, when he became the…
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Standard Chartered Bank has launched the SC Shilingi Funds⏤ a low-ticket money market fund for Standard Chartered Bank clientele that is 100% digital and available on the SC Mobile app. SC Shilingi Funds allows clients to invest amounts of as low as UGX20,000, and earn competitive interest as well as be able to withdraw their funds anytime. Standard Chartered Bank is the first bank to offer such a proposition in the market. The launch event was held at Kampala Sheraton Hotel on 21st June 2023 and was presided over by the Minister of ICT Dr. Chris Baryomunsi; the Bank’s CEO,…
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Standard Chartered Bank has contributed to the World Trade Board’s new plan to drive greater access to trade finance for MSMEs, the Financial Inclusion in Trade Roadmap. Launched on the 27th of March 2023, for consultation, the plan identifies five key areas where coordinated action can make a significant impact. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration. MSMEs make up around 90% of businesses globally but accounted for only 23% of applications for trade finance in 2020. Despite their low representation, these smaller firms made up…
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Standard Chartered Bank Uganda in partnership with Challenges Worldwide, a Kampala-based business development consultancy have today launched the scale-up of the Youth to Work (Y2W) phase IV programme worth UGX832 million. The launch, at Fairway Hotel, was presided over by the Commissioner for Micro, Small & Medium Enterprises (MSMEs) at the Ministry of Trade, Industry and Cooperatives – Dr. Joshua Mutambi. “Youth to Work” is the flagship employability project under Futuremakers by Standard Chartered Foundation. It is the Bank’s global initiative to tackle inequality and promote greater economic inclusion for young people in local communities through the pillars of Entrepreneurship,…
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According to the Economic Policy Research Centre (EPRC), Uganda’s leading think tank on economics and development policy-oriented research and analysis, 425,000 jobs were lost amongst Micro, Small and Medium Enterprises due to the Covid-19 pandemic. Of these, 241,000 jobs were lost between the period before Covid-19 and the end of the first Covid-19 lockdown, and 184,000 jobs were lost between the first lockdown and the second lockdown. Job losses were more prevalent among youth and female workers, and the magnitude of wage cuts was also higher for female and youth employees. A determined Martha, decided to venture out into private…
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Lydia Nakamya, a banker with over 16 years of experience has been appointed the new General Manager, Affluent Banking and Wealth Management at Standard Chartered Bank effective January 2023. She, most recently, headed the Digital Banking and Partnership team where she recorded “a double year-on-year growth across all metrics”. “With her experience in the innovation space, she brings a whole new approach to the Affluent business,” reads an announcement by the bank about her appointment. Lydia, is no stranger to the affluent banking and wealth business, she has previously headed Priority client relationships at the bank, building a “successful 10-year…
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