Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1% growth in February down from 52% in the previous year, signaling a moderate improvement in business conditions in the private sector. Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East Africa at Stanbic said, “business conditions …
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The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s largest commercial bank, Stanbic, is set to open a business incubator to stir growth of small and medium enterprises countrywide. “The incubator will provide an enabling environment for SMEs to enhance their capacity, enabling their businesses to survive, operate successfully and grow,” Stanbic Bank …
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Kampala, Uganda | JULIUS BUSINGE | Times of visiting banking halls and Uganda Revenue Authority (URA) offices to file tax returns could be over as the tax body continues to partner with financial institutions and telecom companies to offer online payment solutions. Stanbic bank, which collects a third of URA’s annual …
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Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector remains stable amidst a slight reduction in the activity, according to the latest monthly survey conducted by Stanbic Bank. Stanbic Bank Uganda Purchasing Managers Index for manufacturing and services declined slightly from 54.9% in November to 54.3% in December 2017. However, the …
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Kampala, Uganda | THE INDEPENDENT | In response to the October monetary policy statement by the Bank of Uganda and the decision to reduce the Central Bank Rate by 0.5 percentage points to 9.5 %, Stanbic Bank has matched the Central Bank’s rate cut by reducing its Prime Lending Rate from …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited won this year’s Gold Award for the 7th edition of the 2017 Financial Reporting (FiRe) Awards organized by the Capital Markets Authority, the Institute of Certified Public Accountants of Uganda, Uganda Securities Exchange and media company – New Vision. The National …
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Kampala, Uganda | ISAAC KHISA | Stanbic Bank has become the first lender to venture into insurance business after Insurance Regulatory Authority of Uganda granted it a bancassurace license on Oct. 25. The lender said it has already signed business deals with seven insurance companies including Sanlam Life, Sanlam General, UAP …
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The role of commercial banks and real estate developers are changing to create affordable housing for Ugandans COMMENT | Jackson Emanzi | Uganda’s population is projected to grow from an estimated 37 million people today to 41.2 million by 2020 (Uganda Bureau of Statistics). Under Goal 11 of the United …
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THIS WEEK: Stanbic’s new PMI show decline in business activity Kampala, Uganda | THE INDEPENDENT | Stanbic Bank’s latest Purchase Managers Index PMI for September indicates a slight decline in the headline index from 54.1% in August to 53.8% in September, signaling decline in economic activities. Jibran Qureshi, the …
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