Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …
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After years of delay, multinational oil development in Uganda looks set to go ahead, but will local suppliers be able to reap a fair share of the business? | LIAM TAYLOR | In the 1990s Edward Kabuchu and his brother were mining tungsten in western Uganda when they were approached …
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The lender recorded a 4.9% drop in net profit to Shs127.4billion Kampala, Uganda | ISAAC KHISA | Stanbic Bank has suffered a 4.9% drop in pre-tax profit in the first half of the year as credit impairment charge and coronavirus disruption takes toll on the country’s largest commercial lender. The …
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Stage set for competition with other regional commercial banks Kampala, Uganda | ISAAC KHISA | Patrick Mweheire, the former Chief Executive at Stanbic Bank Uganda, is considered to be one of the best brains within banking sector circles. This view is supported by his stellar performance at the bank where …
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Uganda discovered oil in 2006 but disagreements between the government and oil companies have stalled its development Kampala, Uganda | ISAAC KHISA | Uganda National Oil Company (UNOC) plans to invest $840million in joint infrastructure projects in the country’s oil and gas sector, said its Chief Executive Officer, Proscovia Nabbanja. …
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Small businesses are plagued with numerous challenges including limited financial support, inadequate entrepreneurial skills and low corporate governance Kampala, Uganda | THE INDEPENDENT | Stanbic Bank in partnership with the GIZ Employment and Skills for Eastern Africa Programme (E4D/SOGA) will support Small and Medium Enterprises trainings ahead of oil and …
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The lender plans to focus on providing solutions that meet clients’ needs Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank has registered an increase in net profit by almost 40% to Shs134bn in the first six months ending June.30, according to its financial results released on Aug.05. This performance was …
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Kampala, Uganda | THE INDEPENDENT | In debating just access to loans to farmers alone, the country is missing key ingredients that make the agriculture sector unattractive to financiers. This was the key message at the annual bankers’ conference at Serena hotel on Tuesday where banking executives discussed how they can …
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The lender’s cost cutting strategy delivered good returns Kampala, Uganda | ISAAC KHISA | Uganda’s largest commercial bank, Stanbic Bank, seem to have surprised its investors with a 7% growth in net profit to Shs 215bn in 2018, closing out the year that the banking industry generated some Shs 700bn …
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Kampala, Uganda | THE INDEPENDENT | The banking sector has had a rapid expansion in Agency Banking hardly a year since Bank of Uganda issued Agency banking regulations. The sector according to Uganda Banker’s Association now has over two thousand agency banking agency compared to the existing three hundred bank …
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