Uganda Bankers Association Chairperson, Patrick Mweheire says Agency Banking is delivering financial services to the underserved and unbanked population in the country.
The Uganda Learning Campaign is in response to a 2016 study that identified low levels of parental engagement in childrens reading practice at home to be a major cause of low literacy levels in Uganda. It specifically provides pupils in government-aided schools with reading materials that they can take home and read with their parents.
For the seventh consecutive year Stanbic Bank Uganda has won the best Primary Dealer Award beating off stiff competition from other commercial banks in the country.
January was the twelfth straight month expansion according to latest figures released by Stanbic Bank in Kampala. Generally, Januarys performance emerged as the weakest reading since May 2017 with 52.0 PMI index reading.
Stanbic Bank donated over 3,000 books to the center which will provide children and adults with quality books and nurture a reading culture in the local community.
The political tensions in neighbouring Kenyan partly affected Ugandas private sector growth according to the latest Stanbic Bank Purchasing Managers Index PMI.
Parliament in January 2016 passed the Financial Institutions amendment Act allowing insurance companies to use banks as a distribution channel for their services. It is hoped that bancassurance will create opportunities for growth for both the insurance and banking sectors. It is hoped that bancassurance will create opportunities for growth for both the insurance and banking industry.
Stanbic Bank Chief Executive Officer, Patrick Mweheire described the results as a solid performance in a challenging but improving economic environment. He said the surge in profit was driven by the Banks support to trade and infrastructure developments with an excess of one trillion Shillings.
Lincoln Mali in speech at the Human Resource Managers Association of Uganda said human resource managers that perpetrate sexual harassment and victimization could soon be exposed by their workers if they did not come up with policies to stamp out the vice.
Patrick Mweheire, the Chief Executive Officer of Stanbic Bank Uganda, welcomed the fact that expenditure on power generation and roads network would lead to cheaper electricity and passable roads and propel the country to an export-lead economy.
But bankers, speaking at a post budget meeting hosted by Stanbic Bank in Kampala observed that the countrys economy is at its worst given the impressive growth registered in the last two decades.
According to Stanbic Bank Uganda Purchasing Managers Index PMI survey results released on Monday, May had a slip in activity from 53.5 in April to 50.0 from 53.5 in April.
Alison Kantarama Emeribe, the assistant commissioner support services, wrote to the IG, after detecting numerous Electronic Fund Transfers-EFT transactions credited to her account in Stanbic Bank-Wandegeya Branch. The money would be withdrawn moments after its deposited to her account.
In a statement issued today, Stanbics Chief Executive Officer, Patrick Mweheire, says the banks revenues for the same period stood at 532 billion Shillings. Operating losses dropped by 30 percent while gross new lending is at 721 billion Shillings.
