Stanbic, Standard Chartered lose bid to recover $23.5m from Basajjabalaba
The Court of Appeal has dismissed a bid by Stanbic Bank Uganda and Standard Chartered Bank Uganda to recover $23.5 million and Shs433.3 million from businessman Hassan Basajjabalaba and other guarantors, ruling that the two banks lost the legal right to pursue the debt after assigning it to the Bank
Stanbic, Quesi Properties Unveil Affordable Housing Project in Kasanje
In a move aimed at lowering long-standing barriers to home ownership for working Ugandans, Stanbic Bank Uganda and Quesi Properties have entered a strategic partnership to deliver La Valle Estate, a planned residential development in Kasanje designed to combine quality housing with accessible mortgage financing. The partnership, officially launched today,
Stanbic Bank launches new FlexiPay campaign to bolster financial inclusion and digital transformation
Stanbic Bank Uganda announced the launch of an exciting, three-month nationwide campaign to boost its innovative digital payments platform FlexiPay. The campaign dubbed the Flexipay Cashback Explosion kicked off at the offices of Boda Boda Banja in Kampala, one of the bank’s key merchant partners in Kampala, with the goal of revolutionising
Quality Chemicals Secures USD 36 Million Facility to Expand Production of Life-Saving Medicine
Quality Chemical Industries Limited (Qcil) has secured a USD 36 million (UGX 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. This new facility will not only increase production capacity for Qcil’s existing portfolio, but also enable the company to expand into new therapeutic areas,
New Mortgage Model Could Close Uganda’s 2.4M Housing Unit Deficit
For many working Ugandans, owning a decent home remains a distant dream. Soaring construction costs, high interest rates, and a complex mortgage process have left most lower-middle-class earners locked out of the property ladder. Despite over 60% of Uganda’s urban population residing in informal settlements, the journey to homeownership remains
