Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…
Ten years ago, when Standard Chartered Uganda had just launched wealth advisory services, the first client I met said “Diving into the world of investments is like trying to solve a Rubik’s cube blindfolded.” I found this analogy particularly amusing because several trials later, with my eyes wide open, I still have not succeeded in completing one. Just like with my client, investing is still a dilemma for many Ugandans: where do you even begin, and what investment option should you choose? Meet 32-year-old Rose. Rose works for a corporate firm in Kampala, from 8:00 am to 5:00 pm daily….
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It was the famous personal finance guru, Robert Kiyosaki, of the “Rich Dad Poor Dad,” book fame, that coined the “Other People’s Money (OPM)” mantra, advancing that, to turbocharge growth, one need not rely on their own money alone. He advanced, that with masterful utilisation of “OPM” one didn’t have to wait for their savings to grow, but rather they could leverage funds from external sources to quickly grow. “By understanding how to make money using other people’s money,” Kiyosaki says, “you can make the leap from employee to business owner or professional investor.” It is particularly even easier for…
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In a world facing multiple crises, from climate change to conflict and economic strife, achieving gender equality is more critical than ever. Ensuring that women and girls are empowered to claim their rights in all aspects of their lives is key to ensuring their wellbeing, and a world in which they contribute to better, more prosperous economies. This International Women’s Day, rallying behind the theme, Inspiring Inclusion, Standard Chartered Bank Uganda reflects on the importance of promoting inclusion and how empowering women can help them rise to their full potential⏤ women like Martha Awor, Prudence Byarugaba and Associate Professor Dorothy Okello. Martha’s experience of losing…
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Yesterday, November 7th 2023, Standard Chartered Bank marked the 2023 Purple Tuesday with a series of activities that included lighting the bank’s head office purple as well as hosted several persons with different abilities from a Futuremakers initiative involved in Agri-business where the bank offered them grants totalling to over UGX 170m to enhance their businesses. The event was presided over by Hon. Helen Grace Asamo, Minister of State for Disability in the Ministry of Gender, Labour and Social Development. In this opinion, Sanjay Rughani, the Chief Executive Officer, of Standard Chartered Bank Uganda reiterates the importance and value of…
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Ugandan Samallie Kiyingi has been appointed General Counsel for Corporate, Commercial and Institutional Banking and General Counsel for Europe and Americas at Standard Chartered Bank based in Singapore. She was appointed to the post effective October 2023. The high flying Harvard educated lawyer is vastly experienced in banking matters making her a target of big multinational corporate organizations. Along the way she has garnered skills in insurance, team management, negotiation, wholesale banking, entrepreneurship, business strategy, trade Finance and others. Kiyingi started her banking career as an associate, Wholesale Banking and Finance Practice at Ashurst (formerly Blake Dawson Waldron)Ashurst (Formerly Blake…
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East Africa’s banking sector is a vibrant and dynamic landscape, teeming with innovation and fierce competition. In this bustling financial arena, three Ugandan banks have emerged as formidable contenders, securing their places in the region’s top 20 banking institutions, as reported by African Business. This remarkable achievement underscores the robust growth and strategic prowess of Uganda’s banking sector, which has been steadily gaining momentum in recent years. Standard Chartered Bank Uganda, Stanbic Bank Uganda, and Centenary Rural Development Bank are the three Ugandan banks that have made it to the prestigious list. Standard Chartered Bank Uganda, with a Tier 1…
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Standard Chartered (the Bank) and Access Bank Plc (Access) have today, July 14th entered into agreements for the sale of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking (CPBB) business in Tanzania. Each transaction remains subject to the approval of the respective local regulators and the banking regulator in Nigeria. The agreements were signed by Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered and Roosevelt Ogbonna, Group Managing Director, Access Bank Plc at Standard Chartered’s headquarters in London in the presence of senior representatives from both banks….
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With only a few days left to the June 30th 2023 compliance deadline for banks that failed to raise UGX120 billion in both share capital and core capital by December 31st 2022, a number of the affected banks are in last-minute mad dashes to raise the capital needed or else face a raft of regulatory sanctions that could include closure. According to a tabulation by CEO East Africa Magazine, as of December 2022, out of the 25 banks, as per published financial results, at least 10 banks didn’t meet the thresholds on share capital while 11 did not meet the…
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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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