Kampala-Uganda, August 3, 2022: Increasing inflationary pressures tumbled private sector business activity during July as the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the threshold 50.0 no-change mark for the first time this year. Renewed contractions in output and new orders Input costs continue to rise Employment and purchasing scaled back The PMI dropped […]
Kigali, July 18th, 2022 – The Africa Pensions Supervisors Forum (APSF) held its third annual forum in Kigali from July 14-15, 2022. The forum brought together pension supervisors from different African countries to deliver a harmonized approach for interventions and reforms in the pensions sector across the continent. The theme of the conference was “Resilience […]
Kampala, Uganda – July 5, 2022: The Stanbic Headline Purchasing Managers’ Index (PMI) dropped to 50.9 in June, from 51.5 in May on account of further deterioration of business conditions in the Ugandan private sector. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. […]
Nairobi, Kenya: July 4, 2022 – The high cost of land and the rising cost of building materials could derail efforts to speed up the development of affordable housing across the globe, pan African housing development financier, shelter Afrique has warned. Speaking on Delivering Affordable Housing Across Continents at a special session of the 11th […]
The acquisition enables Amber Group to conduct relevant regulated activities under the auspices of Type 1, 2, 4, 5 and 9 licenses from the Hong Kong Securities and Futures Commission SINGAPORE, [14] June 2022 – Amber Group, a leading global digital asset platform, today announced its acquisition of Celera Markets Limited, a fully licensed financial […]
Kampala, June 7, 2022 – Movit has been recognized as the most admired Ugandan personal care brand. Movit brand was announced unopposed under the category of best admired personal care Ugandan brands. This was revealed by Brand Africa following a survey of the 12th annual ranking of the best top 100 admired brands in Uganda […]
May 5, 2022 – Kampala, Uganda: The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output and new orders as demand strengthened, helping generate new jobs. Readings above 50.0 mean improvement in business conditions on the previous month while readings that […]
Lagos, 1 April 2022. Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, reported record performance in its latest full-year earnings, driven by high-impact investments and its strong credit profile. Despite the pandemic and commodity-driven headwinds impacting AFC’s operating environment, the Corporation saw its annual profits increase by 26.6% to US$209.7 million in 2021, passing the US$200 million mark […]
Highlights for 2021 Profit-after-Tax for Stanbic Uganda Holdings Limited (SUHL) representing five subsidiaries rose 11% to Ushs269bn from Ushs242bn in 2020 SUHL’s anchor subsidiary, Stanbic Bank Uganda posted Ushs275billion in profit after tax from Ushs243bn in 2020, largely driven by growth in trading revenue. Loans and advances grew to UGX 3.7 trillion from UGX 3.6 […]
By Lodewyk Meyer, Partner and Head of the Banking & Finance Practice, and Lucy Stratton, Associate Designate, Baker McKenzie, Johannesburg. As stated by the President of the African Development Bank (AfDB), Akinwumi A. Adesina, “trade finance is an important instrument for influencing Africa’s long-term economic development and structural transformation”. According to a report by the AfBB […]
Kampala – Uganda, March 03, 2022: A return to normality in the Ugandan economy helped lead to a further improvement in business conditions in the private sector during February, according to the Stanbic Bank sponsored Purchase Managers Index produced by IHS Markit. According to the index, output, new orders, employment, and purchasing activity were all […]
February 10, Kampala – A new real estate sector report compiled by Stanbic Properties Uganda Limited, a subsidiary of Stanbic Uganda Holdings Limited, as at the end of December last year, indicates that average occupancy from surveyed buildings was recorded at 89% for Grade A, 83% for Grade B and 74% for Grade C buildings. […]
EABW News Report, When you’re stuck in the same boat but paddling in opposite directions, chances are the boat is going nowhere. This had been the situation with Rwanda and Uganda since February 2019 until recently when the common border was reopened. Along with Burundi, Kenya, South Sudan, and Tanzania, both are members of the […]