Court Faults Stanbic Bank in Shs 7.5M Fraud Case
The High Court has ordered Stanbic Bank to pay a total of Shs 7.5 million to a client over unauthorized transactions conducted on his bank account. In May 2022, David Onyango sued Stanbic Bank, seeking a declaration that a series of debit transactions amounting to USD 2,459.15 (Shs 8.8 million)
UBA Names Agutamba Chairperson of Peer Committee on Marketing and Communication
The Uganda Bankers Association (UBA) has appointed Stanbic Bank Uganda’s Country Manager for Reputation and Corporate Communication, Ken Agutamba, as the new Chairperson of the Peer Committee on Marketing and Communication. He succeeds Jude Kansiime of DFCU Bank. The committee plays a critical role in shaping collective communication strategies and
Private Sector Output Grows in April Amid Surge in New Orders
Uganda’s private sector continued to show strong performance in April, as the headline Stanbic Purchasing Managers’ Index (PMI) rose to 55.3, up from 52.9 in March. A reading above 50.0 signals an improvement in business conditions compared to the previous month, while a score below 50.0 indicates deterioration. The latest
Stanbic, Buganda Kingdom partner to Empower Farmers Under ‘Mwanyi Terimba’ Initiative
Stanbic Bank Uganda has entered into partnership with the Buganda Cultural and Development Foundation (BUCADEF), the socio-economic arm of the Buganda Kingdom, to support and transform agricultural livelihoods in the region under the ambits of ‘Mwanyi Terimba’ initiative. The collaboration was formalized at a signing ceremony held at Bulange, Mengo,
Stanbic Bank, Umeme Lose Shs 9.2 billion Appeal Against Makubuya
The Commercial Division of the High Court has dismissed an appeal filed by Stanbic Bank Uganda Ltd and Umeme Ltd, contesting garnishee orders in favour of Makubuya William, trading as Polla Plast, over Shs 9.2 billion. The dispute dates back to 2008, when Makubuya purchased plastic manufacturing equipment from BMK
Stanbic Bank hosts inaugural financial literacy training for education institution heads
Stanbic Bank has hosted an inaugural financial literacy session recently for senior administrators of primary, secondary, and vocational schools in the Kampala Metropolitan Area. The event took place at Hotel Africana, in partnership with Opportunity International, and brought together school directors, head teachers, and bursars for a comprehensive six-hour mentorship
Flexipay Users to Win Shs 500,000 for Receiving Money in new Easter Campaign
As the Easter season approaches, Flexipay by Stanbic Bank has announced a new promotional campaign offering users the chance to win Shs 500,000 when they receive money from relatives abroad. From April 7 to June 30, 2025, customers using Flexipay’s international money transfer services will be automatically entered into a
Byabashaija Hails Stanbic for Unmatched Financial Solutions to Prison Officers
The Commissioner General of Prisons, Can. Dr. Johnson Byabashaija, recently hosted a delegation from Stanbic Bank, a member of the Standard Bank Group led by Kevin Wingfield, Head of Personal and Private Banking (PPB) for East and West African regions. Talks centered on strengthening partnerships, enhancing financial solutions, and rolling
dfcu Bank Appoints Hope Lorna Nakhayenze as Chief Risk Officer
dfcu Bank has announced the appointment of Hope Lorna Nakhayenze as its new Chief Risk Officer, effective March 1, 2025, as part of efforts to strengthen its risk management framework amid industry-wide reforms. In her new role, Nakhayenze will oversee risk management under the direction of the Board Risk Committee,
Stanbic Bank donates Solar-Powered Bags to school going Children in Okere City
Okere City in Otuke District, North Eastern Uganda, is home to several hundred young girls and boys who face a major challenge that hinders their educational aspirations. Ageno Rwot Flavia, a 13-year-old primary six pupil at Okere Community School, has ambitions to become a pilot, but studying is difficult when
