Stanbic Bank has donated Shs 18 million to Bishop Dunstan Secondary School in Kalangala. The donation includes 50 modern classroom desks valued at Shs 12.5M and 250 reusable sanitary pads worth Shs 5.5m. The support is part of the Stanbic Corporate Social Investment initiatives aimed at improving the learning environment and promoting menstrual hygiene for…
President Museveni has thanked Standard Chartered Bank for supporting imfrastructure development in the country. Museveni, swhile meeting top officials from the bank at State House Entebbe said the bank should now concentrate on financing wealth creation because it will expand production. “If you make a road or Standard Gauge Railway but do not have enough…
President Museveni has launched Lake Victoria Logistics, a company aiming at reducing the cost of transporting fuel in Uganda. Lake Victoria Logistics was founded in May 2015 as Mahathi Infra Uganda with a vision to change the petroleum logistics for Uganda and other landlocked countries like Rwanda, Burundi and DRC that get their oil through…
Artificial intelligence (AI) refers to computer systems capable of performing complex tasks that historically only a human could do, such as reasoning, making decisions, or solving problems. In simple terms, computer science that designs machines advanced enough to perform tasks that in the past required human intelligence to achieve. AI won’t replace humans, but people…
Catherine Poran has been appointed as chief executive of Stanbic Business Incubator, replacing Tony Otoa who left four months ago to take up the role of Chief Corporate Affairs Officer at the Uganda National Oil Company (UNOC). Poran’s appointment took effect on July 1, 2024, 2024. According to a statement from the bank Poran “brings…
Eight victims of police brutality have taken legal action against 10 police officers and government for violation of human rights consisting of illegal arrests, detentions and others. They are part of over 192 human rights defenders including youth, students, civil society groups, oil affected communities, and others involved in campaigns with efforts to promote human…
Heifer International has launched the third edition of the AYuTe Africa Challenge-Uganda which gives grants innovators to scale up their inventions. The initiative seeks to empower young entrepreneurs to revolutionize the agricultural sector across the African continent, has served as a catalyst for innovation, economic resilience, and agri-tech advancement since its inception in 2021. Heifer…
Uganda’s private sector continued to grow last month amidst several economic challenges, the Stanbic Purchasing Managers’ Index for June indicates. The index dipped from 54.1 in May to 51.9 in June. According to a release, Christopher Legilisho, an economist at Stanbic Bank said the private sector was showing signs of resilience “The strong demand conditions…
My attention is drawn to the story carried by The Observer newspaper published online on the 8th July 2024, under the title “Equity Bank tasked to explain how a Canadian lost Ugx 3 bn in a fake gold scam.” In that report, our client, Clifford Potter, a Canadian citizen, filed a criminal complaint against both…
Clifford M. Potter, a Canadian citizen and investor, has sued Equity Bank Uganda for “facilitating” the theft of $986,000 in a fictious gold transaction deal. The suit was lodged in the commercial division of the High Court on June 29, 2024 and will be heard by Justice Thomas Ocaya Ojele. Potter, through his lawyers Muwema…
