Sunday, April 18We Break the News

Standard Chartered Bank

Standard Chartered customers gain access to exclusive LFC prizes through BANK MORE SCORE MORE

Standard Chartered customers gain access to exclusive LFC prizes through BANK MORE SCORE MORE

AFRICA, Bank Of Uganda, Banking World, Business, EAST AFRICA, FUFA, INTERNATIONAL, Standard Chartered Bank, TECHNOLOGY
The digital pan-bank league competition’s top prize includes a trip to Anfield for LFC fans Press Release 25 March 2021; Kampala, Uganda – Standard Chartered Bank has announced the launch of BANK MORE SCORE MORE, a digital league competition offering its customers an opportunity to accumulate points that lead to exciting prizes. A compelling initiative for Liverpool Football Club (LFC) fans, BANK MORE SCORE MORE’s competition takes place on the ‘Standard Chartered Virtual League’, where prizes range from authentic Liverpool-branded merchandise, to an all-expenses paid trip to Anfield to watch LFC play. To partake in the competition, new customers simply need to open and fund a Digital Life Account and take up more products to earn points in the Standard Chartered Virtual Leag...
Testimonies by Youth in Agribusiness from Lira on the impact of COVID 19 on their businesses

Testimonies by Youth in Agribusiness from Lira on the impact of COVID 19 on their businesses

AFRICA, Bank Of Uganda, Banking World, Business, Central African Republic, INTERNATIONAL, Ministry Of Health, Standard Chartered Bank, UGANDA, Uganda Banker's association
Dickens Obote Poultry business, Adekokwok sub county, Lira district Dickens’ poultry farm was a source of poultry products to the surrounding community in Lira during the COVID-19 crisis. However, without the ability to travel and replenish his supplies because of a lockdown on travel, his business struggled to continue serving the community. Applause upon officially launching the youth in Agribusiness project 2 Minister of Agriculture, animal industry and Fisheries, Hon. Vincent Sempijja addresses participants during the launch “My poultry business had successfully grown to 3,000 birds by 2019. I was supplying a factory in the city, which has branches throughout the region. Until COVID lockdown struck in 2020, I was delivering 3,000 kroilers and broilers to the company on a ...
Commentary:

Commentary:

AFRICA, Banking World, Housing Finance Bank, HUMAN INTEREST STORIES, INTERNATIONAL, Standard Chartered Bank, TECHNOLOGY, UGANDA, WORLD, World Bank
“The Bank of Uganda held its policy rate unchanged at 7.0% as expected – however, there are some risks to our expectation of an early tightening. While the BoU is mindful of fiscal risks, it nonetheless sees inflation as ‘benign’, and expects to see a further deceleration in core inflation.  The BoU also notes that the economic recovery has lost some of its earlier momentum, amid rising COVID cases. Somewhat predictably, it has taken the decision to extend COVID credit relief measures for 6 months from April 1st, when the extraordinary measures were otherwise due to come to an end.  The Covid-19 Liquidity Assistance Program will also be kept in place, although this will be reviewed from ‘time to time’ as the pandemic evolves.  Razia Khan The market implications of this decision are ...
Standard Chartered Bank calls upon the general public to disregard recruitment posts / communications that don’t originate directly from them

Standard Chartered Bank calls upon the general public to disregard recruitment posts / communications that don’t originate directly from them

AFRICA, Banking World, EAST AFRICA, EUROPEAN UNION, Housing Finance Bank, HUMAN INTEREST STORIES, INTERNATIONAL, Standard Chartered Bank, UGANDA, United Bank For Africa
Kampala – 19 January 2021: Our attention has been drawn to another group of unscrupulous persons hiring for the post of “Data Entry” job openings at Standard Chartered Bank and requiring candidates to pay monies for Covid 19 tests which are apparently sent to the recruiting persons. While we intermittently advertise several employment and development opportunities within Standard Chartered as and when they fall vacant, the alleged placements are not one of them. We pride ourselves on being an equal opportunity employer with a robust recruitment and resourcing policy and approach. This is to therefore inform the general public that such employment communications that circulate on social media or through other forums or platforms, not owned or originating from Standard Chartered Bank’...
The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, TECHNOLOGY, Uganda Banker's association, World Bank
Natural capital is the stock of renewable and non-renewable natural resources, such as plants, animals, air, water, soils and minerals ABIDJAN, Ivory Coast, December 23, 2020 -- The African Development Bank (https://www.AfDB.org/) and the Green Growth Knowledge Platform (GGKP) have been awarded a two-year, CHF 241,875 ($273,439) grant from the MAVA Foundation to mainstream natural capital in development finance in Africa. MAVA, a philanthropic foundation, promotes the conservation of biodiversity and advocates for sustainable economies in the Mediterranean, West Africa and Switzerland. The grant will support activities to develop a business case for natural capital among multilateral development banks, scale up the application of natural capital in infrastructure ...
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme

Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme

AFRICA, Banking World, Business, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, UGANDA, Uganda Banker's association, West Africa
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme The Desert to Power initiative intends to turn the Sahel region into a renewable powerhouse, harnessing its solar potential to create the world’s largest solar zone ABIDJAN, Ivory Coast, December 22, 2020/ -- The Board of Directors of the African Development Bank (https://www.AfDB.org/) approved on Wednesday a Desert-to-Power (D2P) technical support program that will advance the rollout of solar generation in G5 Sahel countries, where 60 million people lack access to electricity. The technical assistance, in the form of a $5 million grant from the Sustainable Energy Fund for Africa (SEFA), has three main components: (i) technical studies for the i...
African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

AFRICA, Banking World, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, UGANDA, United Bank For Africa, World Bank
The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility ABIDJAN, Ivory Coast, December 21, 2020 The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to growing water stress. The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility. The event was underpinned by several studies indicating that pressures o...
African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021

African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, TECHNOLOGY, UGANDA, World Bank
The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations ABIDJAN, Ivory Coast, December 20, 2020/ -- The 2021 Borrowing Program of the African Development Bank (www.AfDB.org) has been approved by the Board of Directors for up to $10.4 billion to be raised from capital markets. This program will allow the Bank to raise funds in the debt capital markets in order to help finance the Bank’s projects and programs in Africa. The approval was made on December 11, 2020. The African Development Bank is active in various international capital markets including the US dollar, Euro, Australian dollar and Pound sterling. The Bank will continue to promote...
Standard Chartered Bank Uganda Sweeps Four (4) Acclaimed International and local Banking Awards

Standard Chartered Bank Uganda Sweeps Four (4) Acclaimed International and local Banking Awards

AFRICA, Banking World, EAST AFRICA, INTERNATIONAL, Standard Chartered Bank, Uganda Banker's association, World Bank
Kampala,Uganda: The Banker’s Bank of the Year Awards 2020 – Financial Times Digital Brand of the Year 2020 in Uganda – Digital Impact Awards Africa Best Consumer Digital Bank Award in Uganda - Global Finance The Digital Banking Excellence Award – Digital Impact Awards Africa   Wednesday 16th December 2020 – Standard Chartered Bank Uganda has swept four (4) international and local prestigious awards from the Financial Times’ Banker Awards, Global Finance and Digital Impact Awards Africa. Bank of the Year in Uganda 2020 by The Banker Awards  For the last 94 years, The Banker has been the world’s leading monthly journal of record for the banking industry. The aim of the Banker Awards is to highlight industry wide excellence within the banking community gl...
Standard Chartered Bank aids decongestion in National Mental Hospital in partnership with YouBelong Uganda

Standard Chartered Bank aids decongestion in National Mental Hospital in partnership with YouBelong Uganda

AFRICA, Banking World, EAST AFRICA, INTERNATIONAL, Standard Chartered Bank, World Bank, World Health Organization
  1th December 2020 – Kampala – Standard Chartered has announced a donation of USD 10,000 or Ugx 37,000,000 (Thirty-seven million shillings only) to YouBelong Uganda’s team of social workers, psychiatric nurses, and occupational therapists to implement “PROJECT 500”.   PROJECT 500’s goal is to urgently reduce the number of patients admitted in the National Mental Hospital by 500 to reduce congestion/overcrowding and ensure that the hospital’s health workforce has enough beds and equipment to cope adequately with the COVID19 pandemic. YouBelong worker facilitates a discussion during a pre discharge family visit As part of the donation, YouBelong Uganda working with their team of Young professional Ugandans who are committed to the care of people with severe ...
Economic outlook – Election risks, FID to shape recovery

Economic outlook – Election risks, FID to shape recovery

AFRICA, Banking World, EAST AFRICA, Electoral Comission, INTERNATIONAL, Standard Chartered Bank, UGANDA
Uganda Focus Uganda – A pivotal year Economic outlook – Election risks, FID to shape recovery 2021 is likely to be a pivotal year for the economy, with the Final Investment Decision (FID) on oil expected by June. Prior to the FID, elections – brought forward by one month to mid-January – are likely to determine investor sentiment and the pace of Uganda’s post-COVID recovery. Political risk is seen as elevated. Protests following the arrest of opposition leader Bobi Wine in 2020 (accused of flouting COVID restrictions on the size of political rallies) drew a heavy-handed response from police, with scores killed. A post-election calming of sentiment would likely lend itself to a faster growth recovery. Ongoing political volatility poses further downside risks to our 4.0% GDP forecast ...