Stanbic

Stanbic bank declared best performing bank

  The Bank of Uganda has announced that Stanbic bank Uganda Limited was the best performing primary dealer in Uganda government securities during the month of August 2012. The governor bank of Uganda, Tumusiime Mutebile also announces that for the previous 12 months the best performing primary dealers in Uganda security exchange were: August 2011 […]

Finance Minister Maria Kiwanuka fails to convince MPs on Youth Fund

Finance Minister Maria Kiwanuka fails to convince MPs on Youth Fund

MPS have thrown out the ministerial statement of the minister of finance on the youth venture capital fund meant for youth entrepreneurs. This came after the minister of finance; planning and Economic Development Maria Kiawanuka Nabasirye failed to convince them on the friendly modalities on how the youth can access funds for job creation. The […]

Money meant to run youth activities out next week

It seems the youths across the country are full of smiles since the government has announced that they can access low interest loans from banks starting by next week. The government has put a side 25 billion shillings for the youth to borrow. The minister for finance, Miria Kiwanuka says that the youths can access […]

Government fixes interest rates on bank loans

The government ofUgandahas agreed with commercial banks to fix interest rates to be charged on money given out to the youth in form of loans. The minister ofUgandafor Finance Minister, Maria Kiwanuka says that the banks will charge 15% for a period of six months. Some of the banks the government has agreed with include […]

34 million shillings goes missing on Makerere Guild account

MakerereUniversitystudents Guild leadership is in total trouble after over 34 millionUgandashillings went missing from the guild account.  Sources have told our informers that the dime went missing last week and the police have started probing the disappearance of this huge some of money. An informer with Uganda Police has told our news desk that they […]

Makerere University joins traders strike

MakerereUniversitylecturers have today joined Kampala City Traders Association members in their three day peaceful strike which kicked off across the country.  The traders are protesting against the high interest bank charges. The traders say that the banks which have been over charging them include Citi Bank, Stanbic Bank, Barclays bank, Standard Chartered Bank, Bank of […]

Stanbic Bank launches bonus shares

Stanbic Bank Uganda has started issuing bonus shares to some of its investors as the institution seeks to grow its capital base to match well with the Bank of Uganda capital requirement. This has come after the Capital Markets Authority (CMA) cleared Stanbic Bank last month to issue 5,118,866,970 shares to its listed shareholders. The […]

34 million shillings goes missing on Makerere Guild account

Makerere University students Guild leadership is in total trouble after over 34 million Uganda shillings went missing from the guild account. Sources have told our informers that the dime went missing last week and the police have started probing the disappearance of this huge some of money. An informer with Uganda Police has told our news desk that they […]