Author: Our Reporter
Kampala, Uganda – August 2, 2024 – The Uganda Development Bank (UDB), has today unveiled its 2023 Development Impact Report. This annual report reflects the bank’s continued commitment to enhancing Uganda’s socio-economic landscape through strategic investments and interventions. Launched under the theme ‘Transforming Lives: The Role of UDB in Driving Socio-economic Transformation in Uganda,’ the report presents compelling evidence of UDB’s positive impact across various sectors. This year’s findings highlight remarkable achievements in job creation, output value, foreign exchange earnings, and tax contributions, all stemming from initiatives supported by the bank. “The 2023 Development Impact Report underscores the substantial impact of…
BIC, a world leader in stationery, lighters, and shavers, recently concluded the third edition of its rebranded penmanship program that saw 8,953 students benefiting from it. Previously known as ‘My Words, My Story, My BIC Pen’, the program, revamped to “Express Myself with My BIC Pen”, incorporates creativity and expression through writing and drawing. Commenting on the success of the program, BIC’s Marketing Manager in East Africa, Salome Ngugi, said: “BIC is committed to enriching the educational journey of students. Our initiative goes beyond providing writing instruments; it focuses on overcoming challenges such as handwriting proficiency, which is crucial for…
The Department of Museums and Monuments has announced a temporary closure of Uganda National Museum for extensive renovations starting 1st August 2024 expected to last for ten months. The refurbishment aims to preserve and enhance the museum’s rich historical, cultural, and natural heritage for all generations. Uganda National Museum: the oldest in East Africa will undergo significant upgrades, including structural repairs and installation of modern facilities that enhance visitor experience. The upgrades are part of the commitment by government to promote and preserve Uganda’s cultural heritage as well as improve visitor experience at the site that match global standards. The…
Mr. Sam Bwaya, the Board Director at Equity Group Foundation (EGF) has urged the Equity Leaders Program (ELP) Scholars to be innovative and drive the future with the help of technology to create an impact in their lives and communities. Speaking to 40 exceptional university students who attended the weeklong transformative training and mentorship at the Equity Bank innovation hub Rollout at Eureka Place Hotel in Ntinda on Friday. He encouraged the young people to stand out and provide technological solutions to evolving life challenges and needs. He lauded the Equity Bank Uganda and Kenya team for organizing the innovation…
KALANGALA: Stanbic Bank has extended a helping hand worth UGX18 million to Bishop Dunstan Secondary School in Kalangala District. The donation includes 50 modern classroom desks valued at Ugx 12.5M and 250 reusable sanitary pads worth Ugx 5.5m. This timely support is part of the Stanbic Corporate Social Investment initiatives aimed at improving the learning environment and promoting menstrual hygiene for the girl students. Speaking at the handover, Francis Karuhanga, the Stanbic Uganda Holdings Limited (SUHL) Chief Executive, said the items will beef up the donation made by MTN Uganda to the same institution during the Yello Care activities. He…
Revellers at the ongoing Roast and Rhyme at the Across the Nile Resort, Jinja City are enjoying life with a big spoon as Stanbic Bank’s Flexipay lights up the festival with unmatched discounts. Prices for selected beer brands are going for as low as Shs2000. According to Jackie Abwol, the FlexiPay Head of Marketing, the discount applies to a wide range of refreshing beverages. “We are doing this to ensure that revellers enjoy their favourite drinks at the most unimaginable prices while grooving to the best of Uganda music.” She said. Abwol says to benefit from the discounts, concert attendees…
In July, Kampala food-lovers are in for a culinary treat as the Pearl Guide, a tourism promotion company, and FlexiPay, will be organizing the Kampala Restaurant Week featuring discounts at 30 eating places across the city. After a lengthy break in the aftermath of the Covid-19 outbreak, this dining adventure is making a comeback on the social calendar. This year’s edition takes place between July 4th and July 14, involving an array of Kampala’s newest and most popular eateries notable for offering exceptional dining experiences. The participating restaurants are providing up to 20% discounts on selected meals. FlexiPay wallet users/customers…
Kampala, Uganda – Equity Bank has signed a Memorandum of Understanding (MOU) with the Uganda Co-operative Alliance and Uganda Central Co-operative Financial Services Ltd. This partnership marks the official launch of the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM), a initiative funded by the International Fund for Agricultural Development (IFAD). The ARCAFIM program aims to provide financial support to smallholder farmers and rural communities, enabling them to adapt to climate change and improve their resilience. The partnership will leverage the strengths of each organization to provide access to finance, markets, and capacity building for rural communities. Speaking at the signing…
The State Minister for Kampala and Metropolitan Affairs, Kabuye Kyofatogabye, has commended Stanbic Bank for its unwavering commitment to addressing community challenges such as menstrual poverty in the Kampala metropolitan area. He said, “I want to thank Stanbic Bank for taking proactive steps to support girls in need, particularly in underserved communities within the Kampala metropolitan area. Through such collaborative efforts, as there is hope more challenges affecting our communities will easily be combated.” Menstrual poverty is a term used to describe the lack of access to menstrual hygiene products, education, and proper sanitation facilities, often resulting in girls and…
FlexiPay, Stanbic Bank’s digital payment platform, has partnered with International Fund for Agricultural Development (IFAD) and Upesi Money Transfer, a regional payments company, to enable FlexiPay users to send, receive money from abroad with ease. Josephine Nakato Kasacca, Lead Customer Experience & Operations for FlexiPay said the new partnership reflects the Bank’s commitment to support and enable customers to complete borderless financial transactions in a convenient, secure, quick, and affordable manner. She said effective June 14, 2024 customers can use FlexiPay to send money to over 20 countries. However, plans are to increase this number to 70 by the end…