A group of executive at Stanbic Bank Uganda are on police’s wanted list over allegations of insider dealing and illegally selling property that borrowers had staked as collateral security to themselves.
Tag: Stanbic Bank
The recovery of Uganda’s economy which was hit hard by the Coronavirus (COVID-19) lockdown is likely not to be realized soon, after officials from the Ministry of Health observing that there is a surge in COVID-19 infections among employees of various companies.
Stanbic Bank’s profits dropped by 4.9 percent in the first six months of 2020, an indicator that the coronavirus pandemic has not spared even the highfliers in the industry.
The Uganda National Oil Company (UNOC) has announced a campaign dubbed ’90 Days of Oil and Mining’, which is aimed at sensitizing the public and all stakeholders about Uganda’s oil and gas sector.
For the first time since February, the headline Stanbic Bank Purchasing Managers’ Index (PMI) crossed into positive territory recording a reading of 50.3 during July, up from 46.5 in June.
Stanbic Bank Uganda, Coca-Cola Beverages Africa, and Nice House of Plastics have joined hands in a collaborative partnership to promote responsible use and recycling of plastic waste as a means of sustaining environmental protection.
– The American multinational food chain store Pizza Hut officially opened an outlet in Kampala. The store, situated at the upscale Village Mall in Bugoloobi becomes the first of many outlets to be opened in Kampala.