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,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
For starters, what is your take on 2022 in terms of business and leadership trends? 2022 has been a year mixed with both great positive growth, prospects and optimism in the business community following the full opening up of the economy in January after the Covid-19 restrictions. The positives notwithstanding, we are at the tail-end of a year that was filled with enormous ongoing global challenges like climate change, the rise in fuel prices and inflation which led to an increase in the cost of doing business. There were other challenges like the rising debt burden, the Russia-Ukraine war and…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
MTN Uganda and MTN MoMo were the biggest winners at the 2022 Digital Impact Awards Africa, with the two sister companies bagging the biggest accolade of the night; the Digital Brand of the Year. Centenary Bank came second and took the first runner-up trophy (Gold) for Digital Brand of the Year. MTN Uganda and MTN MoMo’s overall victory ended the four years long uninterrupted banks’ dominance of this category. In both 2020 and 2021, Standard Chartered Bank won Digital Brand of the year while in 2019, Stanbic Bank won Digital Brand of the Year. In 2018, it was won by…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
For starters, how do you describe yourself? I have so many ways that I could describe myself. Last year I attended an executive coaching course and the question that I was asked was who am I? It took me to a new depth because the normal way of me telling everyone who I am is, ‘I am the CEO of Standard Chartered Bank, and that is the normal face I wear but having taken time to understand myself, I would say I am a very privileged human being who has had a diverse and dynamic life. Ethnically you know I…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Standard Chartered PLC (the Group) has registered a record US$1.291 billion dollars income with US$581 million in operating profits in the Africa and Middle East (AME) region. This is contained in the bank’s financial results for the first half of the year ending 30 June 2022. Key performance highlights include: Broad-based growth across markets, segments, and products Income up 8 per cent Y-o-Y on constant currency to USD 1.291 billionOperating Profit USD 581 million up by 28 per cent Y-o-Y on constant currency basisStrong improvement in the region’s Return on Tangible Equity (RoTE) at 13 per centGeographical Highlights – Double digit…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Standard Chartered Bank Uganda in partnership with ECOTRUST have launched a USD 18,565 (UGX 69,450,000) Climate Change Innovation Challenge at an event that was held at Old Kampala SS and presided over by the Lead Forest Officer, Ministry of Water and Environment; Bob Kazungu in the presence of several participating school representatives. The Climate Change Innovation Challenge is one of the bank’s long month planned environmental initiatives. The Climate Change Innovation Challenge will drive secondary school students in the Kampala Metropolitan Area to use their critical-thinking and research skills to come up with innovative solutions to environmental issues affecting their communities. The…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Sanjay Rughani, a banker with over 25 years of banking experience across the African continent, has been appointed the Chief Executive Officer of Standard Chartered Bank, Uganda, CEO East Africa, can exclusively reveal. According to our sources, he replaces, Albert Saltson, who has retired from Standard Chartered Bank after more than 15 years. His final day at the bank was on 23rd March 2022. He came to Uganda, Mid 2017. Saltson, leaves Standard Chartered bank as Uganda’s 3rd largest bank by deposits (UGX2.474 trillion; 8.8% market share) as well as the 4th largest by assets (UGX3.740 trillion; 9% market…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
First of all, what does wealth creation mean for you and your clients at Standard Chartered Bank? Creating value for our clients comes first. Our recommendations are based solely on what’s best for our clients and our biggest goal is to have an impact on their livelihood. At Standard Chartered, we are in a strong position to help our clients build a secure future for themselves and their families by providing objective, relevant advice and access to the solutions they need to achieve their ambitions. Standard Chartered Bank has always claimed the No.1 wealth advisory bank in Uganda. What…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
