In a bid to promote cashless banking by encouraging increased usage of debit and credit cards Stanbic Bank Uganda today held a trolley dash for three of its lucky frequent Visa and MasterCard users off the Stanbic card machines in a promo dubbed Stanbic Bank Christmas Madness. The three lucky...
With just 14% of the Ugandan population able to access grid electricity. New off-grid energy solutions have the potential to provide a lot more of the country’s currently marginalized rural population with access to affordable electricity. To date, however, funding off-grid solutions on a sufficiently large scale has inhibited the...
Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa. As part of the expansion, WorldRemit will enable customers in Africa to transfer money to 148 countries...
Stanbic Bank Uganda won an unprecedented five accolades including the overall Gold award at the 2017 Financial Reporting awards that are organised by the Institute of Certified Public Accountants of Uganda (ICPAU) in collaboration with the Capital Markets Authority (CMA), and Uganda Securities Exchange (USE). The awards seek to enhance...
The Ugandan Private Sector registered an improvement in Business conditions in October including; increases in output, new orders, employment numbers, and stock purchases. The headline Stanbic PMI index registered a 52.8 reading. Releasing the October Stanbic PMI findings, Jibran Qureishi,  Stanbic  Bank’s Regional  Economist  for East Africa in a press statement...
Mastercard and FSD (Financial Sector Deepening) Uganda have entered into a memorandum of understanding with a goal of partnering to develop financial services and solutions that will improve livelihoods of Ugandans and strengthen the country’s economy. The partnership, announced during Financial Inclusion Week, will allow Mastercard, including the Mastercard Labs...
Online shopping firm; Jumia Uganda has today partnered with Barclays to introduce the card-on-delivery payment option for customers in Kampala. In an effort to heighten the convenience of shopping online and to increase card usage amongst Ugandans, Jumia customers within Kampala can now order items and pay using their...
Stanbic Bank has become the first bank in Uganda to be granted a Bancassurance license by the Insurance Regulatory Authority of Uganda following passage of the Financial Institutions Amendment bill 2016 which included a provision for Bancassurance and the subsequent approval of the regulatory guidelines by the Bank of...
Standard Bank has signed an agreement with CCRManager Pte Ltd, a global trade FinTech company that enables banks to manage the entire process of distributing trade finance internationally to other banks, credit insurers, and fund managers through its CCRManager web platform. “As the first African bank to have joined this network, this...
HyundaiPay has inked a memorandum of understanding with the Africa Blockchain Association (ABA) for a business alliance, the Korean company said Monday. They will cooperate for the African Union Coin, which is aimed at uniting African countries’ complicated currency markets so as to streamline settlements, payments, and remittance. Two more Korean...