Stanbic Bank Uganda has announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive and Barbara Dokoria as Interim Executive Director, effective April 1, 2024. These appointments come as part of the bank’s strategic transition plan until permanent appointments are made for these positions. Mwogeza’s interim appointment follows the conclusion of Anne Juuko’s…
In the ever-evolving landscape of financial technology, USSD codes have emerged as a convenient and accessible means for individuals to conduct banking transactions on the go. In Uganda, mobile penetration is high but access to traditional banking services is limited which makes banking via USSD an essential service. This comprehensive guide delves into the world…
As the school holidays start, both schools and parents are gearing up for the Back-to-School season to ensure a smooth transition into the last term of the year. While the focus remains on education and personal growth, the financial aspect of this preparation should not be overlooked. Banks offer a plethora of financial products tailored…
Stanbic Bank Uganda unveiled a remarkable 23.5% surge in its profit after tax for the first half of the fiscal year, amounting to Shs 200 billion. This impressive growth has been propelled by substantial increases in both interest and non-interest income, coupled with a reduction in operational expenses. Stanbic Bank, a subsidiary of Stanbic Bank…
Investment clubs have gained popularity in Uganda as a means for individuals to pool their resources and invest collectively. These clubs offer a range of benefits, including increased purchasing power, shared risk, and knowledge sharing. As the number of investment clubs grows, financial institutions have introduced specialized investment club accounts tailored to meet the unique…
Trade financing plays a vital role in enabling businesses to sustain their operations, expand their reach, and navigate the challenges posed by the ever-changing global market. In times of economic uncertainty and disruptions, accessing trade financing from banks becomes even more critical for business continuity. This article explores how firms can harness trade financing options…
More than 2000 entrepreneurs who participated in various training programs at Stanbic Business Incubator Limited (SBIL) between January 2022 and April 2023 have successfully graduated in a ceremony, held at hotel Africana.
In 2022, Uganda’s banking sector demonstrated a robust performance, showcasing a resilient post-Covid-19 economic recovery. Commercial banks achieved remarkable results across essential performance indicators in 2022.
