Kampala - 20 May 2021: Standard Chartered Bank Uganda has announced the appointment of Mrs. Maria Kiwanuka to its Board as an Independent Non- Executive Director.
Mrs. Maria Kiwanuka
Mrs. Kiwanuka is a senior economist with 14 years’ experience at the World Bank, where she focused on East Asia, Southern Africa and Uganda and took part in a number of projects aimed at improving transport and power infrastructure as well as urban studies, among others.
She served as the Minister of Finance Planning and Economic Development of Uganda from 2011-2015 and thereafter as a Senior Advisor to the President of Uganda on finance matters.
She is a non-state expert in the 17-member governing council of the Global Green Growth Initiative, an intergovernmental organisation which aims to pro...
Invitation to World Health Organization (WHO), the World Bank and Standard Chartered Webinar on the financing of COVID-19 vaccines in Africa Dear member of the media,You are invited to join our online media briefing with experts from the World Health Organization (WHO), the World Bank and Standard Chartered on the financing of COVID-19 vaccines in Africa.Date: Thursday 20 MayTime: 12:00-13:00 Central African Time/CEST; 13:00-14:00 Nairobi time; 10:00-11:00 Dakar timeLanguage: English with the option of questions and answers in French To attend, please register at www.wef.ch/whoafricacall The briefing is on-the-record and organized with support from the World Economic Forum as part of the COVID Action Platform. It is an opportunity for you to ask world-leading experts questions about C...
Kampala - 04 May 2021: Standard Chartered Bank announces it delivered a resilient and competitive performance for the year ended 31 December 2020 with Total Assets growth of 21.5% to Ugsh. 3,831 Bn and Customer deposits growth of 27.1% to Ugsh 2,712 Bn in 2020.
Mr Albert Saltson, Standard Chartered Bank Chief Executive Officer while commenting on the Bank’s performance said:
“Our performance remained buoyant in the face of the extraordinary challenges posed by the pandemic and associated economic contraction. We made good progress on our strategic initiatives and our financial performance was overall very resilient. As we look to the future, I am fully confident that the foundations we have built will help us deliver our strategic priorities and further strengthen our c...
The Minister of state for Primary Healthcare, Hon Joyce Moriku Kaducu has assured the country that government is handling the Covid-19 outbreak in St. Mary’s Hospital, Lacor.
Caption Photo1:Hon Moriku, State Minister for Primary HealthcareShe said that a response team from the Ministry of Health and World Health Organisation has been sent to respond to the situation.
The House was chaired by Speaker Kadaga
“The country is faced with a second wave of the Covid-19 outbreak. Yesterday, we carried out tests and registered 54 positive cases. Out of these, Gulu alone registered 42,” she said.Moriku said that following the outbreak in Lacor, government is now putting interventions in all nursing and secondary schools to mitigate further spread of the virus.“When we carried out inspectio...
20 April 2021: Kampala - Uganda– Standard Chartered Bank Uganda in partnership with the Inclusion Works Consortium rewarded finalists of the ‘Innovation Challenge for Youth with Disabilities’ with USD 5,000 (Ugx 18 million) to help them realise their entrepreneurial aspirations at a ceremony held at Golf Course Hotel in Kampala recently and presided over by the Commissioner for Disability and Elderly Affairs, Ministry of Gender, Labor and Social Development – Mr. Emilly Ajjambo.
This the ‘innovation challenge’ initiative is part of the Bank’s Diversity & Inclusion agenda initiated a means to empower youth with disabilities as job creators through self-motivated innovations.The Inclusion Works consortium led by Sightsavers announced the five winners of the ‘innovation challenge ...
The digital pan-bank league competition’s top prize includes a trip to Anfield for LFC fans
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...
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 ...
“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.
The market implications of this decision are ...
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’...
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
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...
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...
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...
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...
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 ...
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 ...