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Opinion
Introduction of Bancassurance in Uganda will be financial sector game changer
Ugandan commercial Banks are now in position to offer Bancassurance to complement their existing bouquets of products after the Ministry of Finance approved regulations governing the model
August 24, 2017
Companies
Corporate earnings and results
Markets
Stanbic profits in first half of 2017 drop on lower interest rates
Stanbic Bank, Uganda's largest bank by assets, reported a year-on-year fall in after-tax profit for the first half of 2017, which it said was emblematic of suboptimal growth in the banking sector
August 15, 2017
Corporate earnings and results
Stanbic Bank reports 27% rise in 2016 profits
Stanbic Bank, Uganda's largest bank, has released financials for 2016 showing a 27% increase in net profit, a solid performance in a challenging year for the banking sector.
March 29, 2017
Economy
Uganda economy to grow 5% in 2017 – Stanbic Bank
After growing at an average rate of 7.8% in 1990-2010, the expansion of Uganda's economy slowed to 4.5% in the five years to 2016. The prevailing consensus among economists is that growth this year will hew to the rate of the last few years.
February 14, 2017
Digital Economy
MultiChoice and Stanbic Bank partner to provide free online payments
MultiChoice subscribers with accounts in Stanbic bank, the largest bank in Uganda, can now pay charges through the bank's mobile and online platforms at no extra charge.
November 22, 2016
Companies
Stanbic Bank follows BoU easing, cuts lending rate by 1%
Stanbic Bank is reducing its prime lending rate by 1% from 22% to 21% effective 1 December, a statement released by the lender said. This follows last week's reduction in the Central Bank Rate to 13%, the fourth consecutive rate cut this year.
October 24, 2016
Economy
Banks and Visa seek slice of maturing mobile money sector
Stanbic's platform is the second mobile banking product after MoKash, a partnership between MTN and Commercial Bank of Africa which launched in August. Kenya's Equity Bank is also exploring the possibility of extending its Equitel service to Uganda.
September 26, 2016
Companies
Umeme borrows $50 million to fund grid expansion
Umeme is borrowing $50 million from the the International Finance Corporation and various banks to upgrade and expand its medium voltage transmission lines and substations, and to fund the installation of more prepaid meters across the country.
September 24, 2016
Movers & Shakers
Politics & Policy
Patrick Mweheire on Uganda’s prospects, oil, and interest rates
Uganda is not very good at promoting itself, says Patrick Mweheire, Stanbic Bank Uganda's chief executive. The country has very many unexplored economic opportunities, and is a key component in sub-Saharan Africa's growth prospects; this however, barely features in our media, he said.
September 22, 2016
Companies
Stanbic borrows from international markets for lending in Uganda
Stanbic Bank Uganda, the country's biggest bank by assets, is borrowing $55 million in Dubai for lending in Uganda. The bank says it reached an agreement with Emirates NBD Capital Limited and four other banks for the two-year loan facility.
September 15, 2016
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