Stanbic Bank loans Quality Chemicals $36 million to expand facilities

Quality Chemical Industries Limited (Qcil) has secured a $ 36 million (Shs 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. The new facility will increase production capacity for Qcil’s existing portfolio and enable the company to expand into new therapeutic areas, including the production of injectable medications. Qcil, founded…

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Stanbic Bank’s Agutamba named chairman of UBA’s committee on Communication

The Uganda Bankers Association (UBA) has named Kenneth Agutamba, Stanbic Bank Uganda’s Country Manager for Reputation and Corporate Communication, as the new chairperson of the Peer Committee on Marketing and Communication. He succeeds DFCU’s Jude Kansiime. Agutamba’s appointment follows a sector-wide nomination and consultation process that resulted in his unanimous endorsement. He will serve alongside…

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Home Ownership: Why Stanbic Bank’s mortgage plan could be the game changer

Stanbic Bank Uganda’s new mortgage solution breaks financing barrier to home ownership. For most working Ugandans, the dream of owning a decent home remains just that—a dream. With soaring construction costs, high interest rates, and a complex mortgage application process, many lower-middle-class earners find themselves locked out of the property ladder. Despite the fact that…

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Bank of Uganda lauded for uplifting PWDs

The minister of state for Gender incharge of PWDs Asamo Hellen Grace has lauded the Bank of Uganda for engaging people with disabilities in its development programmes. “We are very happy to see inclusivity of people with disabilities in the suppliers meeting,this will also help them to participate effectively in business,” she told Bbeg Media….

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Stanbic Bank to fast-track Uganda’s agro-industrialization agenda

In a move to accelerate Uganda’s transition from subsistence agriculture to a modern, industrialized agro-economy, Stanbic Bank Uganda, in partnership with the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF), hosted the inaugural Consumer Convention 2025 in Kampala. The high-level forum attracted stakeholders from government, agribusiness, financial services, and the development community to discuss scalable…

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Airtel Uganda hands Shs 37.9 bn to UCC to support ICT coverage

Airtel Uganda has handed over Shs 37.9 billion to the Uganda Communications Universal Service and Access Fund (UCUSAF), reinforcing its commitment to expanding digital connectivity across Uganda. This represents an 11.4% increase from last year’s contribution. The contribution represents 2% of Airtel Uganda’s gross annual revenue for the financial year ending 31st December 2024, in…

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“Don’t sell Haruna Sentongo’s properties…for now,” Supreme Court orders bank

The Supreme Court has issued a temporary injunction stopping I&M Bank from recovering Shs 10. 3 billion from businessman Haruna Sentongo for defaulting on his debt. The injunction will last four months until Sentongo’s appeal against the bank concludes. Last month, the Court of Appeal dismissed an application by Sentongo to stop the bank from…

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