Stanbic - Uganda Multimedia News & Information

Stanbic bank declared best performing bank

Walakira — Mon, 10 Sep 2012 17:01:21 +0000

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 Stanbic Bank

September 2011 Stanbic Bank

October 2011 Stanbic Bank

November 2011 Standard Chartered Bank Uganda Limited

December 2011 Stanbic Bank Uganda Limited

January 2012 DFCU bank Uganda Limited

February 2012 Stanbic Bank Uganda limited

March 2012 Standard Chartered Bank Uganda Limited

April 2012 Standard Chartered Bank Uganda Limited

May 2012 Standard Chartered Bank Uganda Limited

June 2012 Stanbic Bank Uganda Limited

July 2012 Stanbic Bank Uganda Limited

Ends

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Finance Minister Maria Kiwanuka fails to convince MPs on Youth Fund

Gerald Businge — Thu, 23 Feb 2012 08:43:56 +0000

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.

Maria Kiwanuka, Uganda Minister of Finance

The mps said that the conditions put for the youth to access youth funds are road blocks for the them to get secure the loans from the banks.

This forced the minister of finance Maria kiwanuka to withdraw the statement and pleaded with MPS to allow her bring another next week signed by the managing directors of DFCU, Stanbic bank and Centenary bank where these banks do not exist.

Some of the conditions put by banks and government to access youth fund include each youth borrower shall be able to provide employment to at at least four people over loan period ,each youth borrower of the youth fund will be fixed interest rate of 15% on this loan fund lent out until june this year when its reviewed.

Other conditions indicate that each borrower of this fund should demonstrate evidence of having invested at 10% of the loan amount in the business venture and the eligible businesses must have been in operation for a minimum period of three months with a demonstratabale potential to grow. Some mps had proposed that the youth fund should be put in prominent SACCOs where the youths can easily access the funds.

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Money meant to run youth activities out next week

Gerald Businge — Wed, 01 Feb 2012 15:01:05 +0000

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 this money from DFCU bank, Stanbic Bank and Centenary Bank among other commercial banks inUganda.

Addressing journalists inKampalatoday, Ms Kiwanuka said that the interest rate of 15 per cent will be charged per youth loan acquired.

She says that the interest rate will remain unchanged for the period of six months running. Ms Kiwanuka says that the loan will be available for only first time borrowers and it will be paid back within four years with a grace period of one year. The youths’ category to access the loans must be aged between 18-30 years old and they can borrow up to five million shillings.

By James Okello

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Government fixes interest rates on bank loans

Gerald Businge — Wed, 01 Feb 2012 14:56:58 +0000

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 Stanbic Bank, DFCU Bank and Centenary Bank.

Ms Kiwanuka says that the government has put aside 25 billion shillings in the 2011/2012 national budget for the unemployed youths.

Ms Kiwanuka signed the Memorandum of understanding with Centenary Bank, DFCU Bank and Stanbic bank managers inKampalatoday.

Ultimate Media

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34 million shillings goes missing on Makerere Guild account

Gerald Businge — Thu, 12 Jan 2012 15:44:33 +0000

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 are probing the signatories of Makerere Guild account in Stanbic Bank.

The current signatories on Makerere Guild account are Guild President Onekalit Dennis Amare, Dean of students, Cyriaco Kabagambe, and Guild Finance Minister, Isaac Lakuna. The police according to the detectives are to question the university’s chancellor, Prof. Venancious Baryamureeba and the stanbic bank workersMakerereUniversitybranch. More details are to follow

By Christine Kate

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Makerere University joins traders strike

Gerald Businge — Wed, 11 Jan 2012 18:40:12 +0000

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 Baroda, Centenary Bank, Opportunity Uganda,, Finance Trust, Equity Bank, Global Bank, Eco Bank and Tropical Bank among others.

The traders’ spokesman, Issa Sekitto has told our reporters inKampalatoday that all their efforts to force the commercial banks to reduce the exorbitant interest charges on loans have failed.

Sekitto has conformed that Makerere University Academic Staff are participating in their strike because some of them are also traders operating at different levels.

The spokesperson ofMakerereUniversityacademic Staff Association, Louis Kakinda has also conformed that the university dons are participating in the ongoing traders strike.

By James Okello

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Stanbic Bank launches bonus shares

Gerald Businge — Wed, 07 Dec 2011 15:32:04 +0000

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 Communications manager of Stanbic Bank, Daniel Nsibambi tells informers in Kampala that the bonus shares will have a doubling effect on all shareholders.

By doubling effect the communications manager meant that shareholders with 100 shares, will get more 100 shares.

By Moureen Nakyanzi

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34 million shillings goes missing on Makerere Guild account

Gerald Businge — Tue, 22 Nov 2011 21:01:24 +0000

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 are probing the signatories of Makerere Guild account in Stanbic Bank.

The current signatories on Makerere Guild account are Guild President Onekalit Dennis Amare, Dean of students, Cyriaco Kabagambe, and Guild Finance Minister, Isaac Lakuna.

The police according to the detectives are to question the university’s chancellor, Prof. Venancious Baryamureeba and the stanbic bank workers Makerere University branch. More details are to follow

Ultimate Media

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Kyambogo University Courses and Tuition fees

Gerald Businge — Tue, 22 Nov 2011 08:26:19 +0000

The Academic Registrar Kyambogo University invites applicants for private sponsorship admissions to the following undergraduate programmes for 2011/2012 academic year under the Direct Entry Scheme (O’ and A’ Level leavers only). A non-refundable fee of Shs.25,000/= for (Ugandans) and $ 30 (International applicants), bank charges inclusive, must be paid at any Stanbic Bank, on the Kyambogo University Academic Registrar’s Departmental Account No.0140015345801 and a receipt obtained from the University cashier before collecting the application form from the Admissions office. Detailed admission requirement documents should only be obtained at the designated collection/drop-off points or downloaded from the website www.kyu.ac.ug. (Be aware of fraudsters out to cheat unsuspecting applicants by selling to them unauthorized information).
Original bank slip and receipt must be attached to the application form before submission. The closing date for returning filled application forms is 17th June, 2011.
N.B. (i). Applicants who wish to apply for Certificate programmes must fill a separate application form.
(ii). Also note that there is no other money payable for the application form other than the amount stated above.

Detailed list of courses and tuition fees for each

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