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Commercial Banks Warn Of Higher Interest Rates Following BoU Hiking Lending Rate

Commercial Banks Warn Of Higher Interest Rates Following BoU Hiking Lending Rate

Commercial banks have revealed that they will also hike interest rates after the Central Bank hiked the lending rate. Over the past couple of months, Bank of Uganda has increased the CBR to 8.5%. Anne Juuko, the chief executive officer of Stanbic Uganda said this move by Bank of Uganda is apparently the only solution to inflation. However, it also ...

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Police Receives Donations From Salaam Charity Foundation And Stanbic Bank

Police Receives Donations From Salaam Charity Foundation And Stanbic Bank

On Monday, Salaam Charity Foundation together with Stanbic bank donated ‘iftar’ to the Police Muslim fraternity. They did this as part of their Corporate Social Responsibility (CSR). Some of the items donated include cooking oil, rice, baking flour, sugar and maize flour. These will enable Muslims in the force easily break their fast during this holy month of Ramadhan. Haji ...

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Corporate Companies Partner To Recycle Plastic Waste In Kampala

Corporate Companies Partner To Recycle Plastic Waste In Kampala

At least four corporate companies namely; Stanbic Bank, Kampala City Council Authority (KCCA), Coca-Cola Beverages Africa in Uganda, and Nice House of Plastics have partnered to promote responsible use and recycling of plastic waste and sustainable environmental protection in Kampala. According to the  Memoranda of Understanding, these corporate companies agreed to support various waste management initiatives in communities. They will ...

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