Browsing: Business

Reeling from several complaints from customers claiming that their money mysteriously disappeared from their accounts, Equity Bank Uganda is struggling to respond to a fraud that hit it recently.

Equity Bank Uganda has started investigations into allegations of fraud on stock loan and agent float financing, the financial institution has announced.

Standard Bank has been ranked as the most valuable banking brand in Africa in 2024. This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands.

Stanbic Bank has announced a three-year Shs500 million sponsorship for the renamed Stanbic Match Play Challenge. The event, which will feature both professional and amateur players, will span eight months, culminating into a grand finale slated for this October.

The Standard Bank Group has appointed Stanbic Bank Uganda Chief Executive Anne Juuko to a new leadership role as Global Markets Regional Head-East Africa. The appointment is effective 1 April 2024. A successor will be announced in due course.

A slight easing of activity in some sectors of the economy during February dropped the headline Stanbic Purchasing Managers’ Index (PMI) to 51.7 from 54.0 in January. 

Main opposition National Unity Platform (NUP) has cleared the air on allegations that Barbie Kyagulanyi is a signatory for all accounts of main opposition National Unity Platform (NUP).

Deputy Speaker of Parliament Thomas Tayebwa has directed the Ministry of Education and Sports, which is led by First Lady Janet Museveni, to institute powerful sanctions against schools that are charging exorbitant school fees.

All is not well for Abim District LCV Chairperson Capt (Rtd) Yuventine Omara after a city lawyer gave him a two-week ultimatum within which to clear his outstanding legal fees amounting to Shs350m or face him in court.