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Uganda mourns Dr Martin Aliker

RIP Martin Aliker

Dental surgeon and businessman, Dr. Martin Aliker, has passed on. Dr. Aliker died earlier today, a source within the family said.

At time of his death, he was the Chancellor of Victoria University, Uganda, a private institution. Dr. Aliker served as senior adviser to the President of Uganda and has sat on the boards of directors of nearly forty Ugandan companies.

Aliker was born in Gulu District on October 21, 1928, to Rwot Lacito Okech and Julaina Auma, the daughter of Musa Ali, the first ordained Anglican priest in the region of Acholi. He attended Gulu High School for his primary education before transferring to Kings College Budo for his O-Level studies.

In 1948, he was admitted to Makerere University, the oldest public university in East Africa. Before he could complete his studies at Makerere, he won a scholarship to Northwestern University, in Chicago, Illinois, United States, where he studied political science, graduating with a Bachelor of Arts degree.

Following that, he was awarded a Fulbright Scholarship to study dental surgery, also at Northwestern, graduating with a Doctor of Dental Surgery. Later, he was awarded the title of Fellow of the Royal College of Surgeons by the Royal College of Surgeons of England.

After his doctorate studies in the United States, Aliker returned to Uganda and took up employment as a government dental surgeon. Later, he left the civil service and set up the first private dental practice in Uganda, owned by an African.

In 1971, when Idi Amin captured power in a coup d’état, his residence shared the back wall with Aliker’s house. Amin’s security people ordered him to move away from his home because he was deemed a security risk to Amin.

In late 1972, he fled to Nairobi, Kenya, because of the deteriorating security situation in Uganda. While in Nairobi, he set up a lucrative dental practice, staying there until 1998, when he came back to Uganda. On his return, he was able to repossess his home.

Starting in the 1960s, Aliker began buying shares in blue chip companies, including the Uganda Commercial Bank and the National Insurance Company. As of October 2014, Aliker was a shareholder in the following publicly traded Ugandan companies: Stanbic Bank Uganda, Uganda Clays Limited, Nation Media Group, National Insurance Corporation, and East African Breweries, among others.

He sits on the boards of many of these companies and is the chairman of Uganda Clays Limited.  From 2004 until 2014, he served as the founding chancellor of Gulu University, a public university. He was also the best man to President Milton Obote.

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Ideal Hostel boss remanded to Luzira over land title forgery

Robert Twinomujuni, the owner of Ideal Hostel properties,has been charged and remanded to Luzira Prisons on allegations of forging a land sale agreement.

Twinomujuni on Friday appeared before Buganda Road Magistrate’s Court presided over by Chief Magistrate Ronald Kayizzi. He had earlier been arrested and detained at the Central Police Station (CPS) in Kampala.

According to the prosecution, the businessman committed the forgery alongside Samson Arinaitwe, a resident of Nyakahita Cell in Kigongi Ward, Central Division in Kabale Municipality, who is still at large.

The alleged forged land sale agreement dated June 6, 2020 is in respect of leasehold land comprising Rwampara Block 42, Plot 38, in Ntungamo District’s Ruhama constituency.

On Friday, Twinomujuni applied to bail, citing ill health. But prosecution led Ms Joan Keko asked for four working days to authenticate particulars of the sureties and the documents they presented.

“Your worship, the defense has overwhelmed us with documents that we need to speak authoritatively to,” Ms Keko submitted, “When one furnishes a letter from the Local Council (LC) [leadership], it is not [a] gospel truth. [So], we need to verify.”

The magistrate then remanded the businessman up to Thursday this week when he will reappear in court.

This website understands that the contested land reportedly belongs to relatives of leaders close to the first family in Ruhama constituency, Ntungamo District.

The charge sheet shows that on June 16, 2020 in Kampala District, Samson Arinaitwe purported to make the agreement in his capacity as the administrator of the said land and forged signatures of Simon Nsekanabo, Winfred Musimenta, Richard Apollo Rutaro, Edith Busingye, Prudence Namara, Beatrice Kisembo Rugarama and Betty Rugarama.

The state alleges that on February 18, 2021 at Ntungamo Police Station in Ntungamo District, Arinaitwe and Robert Twinomujuni knowingly and fraudulently uttered a false document; to wit, a forged sales agreement dated June 6, 2020 purporting to have been signed by Nsekanabo, Musimenta, Rutaro, Busingye, Namara, Kisembo and Rugarama.

It is alleged that between the months of June and December 2020 in the districts of Kampala, Ntungamo and Kabale, Arinaitwe and others still at large forged acknowledgement of receipt of money purporting that Kisembo, Nsekanabo, Musimenta, Namara, Rugarama and Rutaro received proceeds from the sale of land comprised in Rwampara  whereas not.

The state further alleges that Arinaitwe forged national Identity cards of Kisembo, Nsekanabo, Musimenta, Namara, Rugarama and Rutaro.

Prosecution avers that between June and December 2020, in Kampala and Ntungamo districts, Arinaitwe and Twinomujuni conspired together to defraud Namara Prudence and others of their beneficial interest/share on land comprised in Rwampara Block 42 plot 42, leasehold register volume 3027, Folio 9, for land in Ruhama, Ntungamo District.

The Commander of Land Protection Police Unit (LPPU), Johnson Olal, has since been suspended on allegations of mismanaging investigations into the land dispute.

The suspension of Olal followed separate investigations by the Police Inspectorate and the Police Professional Standards Unit.

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Finance Ministry releases Shs7.6t gov’t expenditure for last quarter

The Ministry of Finance, Planning and Economic Development has released Shs7.687 trillion as government expenditure for the April-June period, which is the last quarter of the Financial Year 2023/24.

The Finance Ministry PS Ramathan Ggoobi said the released funds represent 30.4% of Uganda’s total budget. This brings the total release to 28.564 trillion for the Financial Year 2023/24.

Out of this money, Shs1.872 trillion is for wages and salaries across government and Shs312.291 trillion for pensions and gratuity.

Ggoobi asked accounting officers to ensure that they pay wages, salaries, pension and gratuity by the 28th of every month and also prioritise payment of service providers on time and avoid accumulation of arrears

Shs529.7 billion is for Parish Development Model (PDM) bringing the total Release for PDM to Shs1.059 trillion.

Shs239.91 billion has been released for Local Governments including Shs110.9 billion for Capitation Grants to schools to cater for Term Two.

The Uganda Road Fund has received Shs189.74 billion for road maintenance. This ensures 100% of releases to the Road Fund, that is Shs 428.757 billion.

Shs90.211 billion goes to National Medical Stores for procurement of essential drugs and medicines reflecting 100% release to the entity (Shs560.967 billion.)

Meanwhile, Parliament received Shs 156.141 Billion, Judiciary Shs31.419Billion and Auditor General Shs 19.52 billion.

Regional referral hospitals have received Shs21.322 billion each as operational funds.

The Ministry of Health has been given Shs37.067 billion; Mulago hospital got Shs11.276 billion, Butabika – Shs 2.172 billion; Uganda Cancer Institute – Shs 14.43 billion; Uganda Heart Institute – Shs3.79 billion; Uganda Blood Transfusion Services – Shs1.455 billion and Uganda Virus Research Institute – Shs1.405 billion.

The Ministry of Defense and Veteran Affairs has been given Shs312.49 billion; Uganda Police Force- Shs61.063 billion;  Uganda Prisons Services – Shs72.318 billion, and ISO and ESO – Shs52.927 billion.

Science Technology and Innovation Shs106.7 billion; UNRA- got Shs364.807 billion for road construction; MoWT – Shs146.141 billion which includes funds for SGR; Outstanding obligations under MoWE – Shs133.46 billion; and Capital expenditure under MEMD – Shs152.78 billion.

The Ministry of Agriculture, Animal Industry and Fisheries got Shs42.7 billion. Shs12.5 billion has been given to Cancer Institute; Shs2.075 billion for Heart Institute; and and Shs10.487 billion for regional Referral hospitals.

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Public Service Head directs deputy to intervene in Ssali matter

The office of the head of Public Service has intervened in the matter in which the trade ministry permanent secretary (PS) Geraldine Ssali is accused of assaulting the entity’s legal officer, Sandra Aneeno.

The PS head, Lucky Nakyobe has directed her deputy Deborah Katuramu to meet the two parties to understand what exactly happened.  Last week, Katuramu met Ssali first and then later Aneno at the President’s Office.

Katuramu yesterday confirmed that she spoke to both parties on Friday, but declined to reveal the details of what they discussed.

Aneno also confirmed the meeting, noting, “They were basically asking for my side of the story and clarifying what she had earlier said about me.”

Nakyobe directed Katuramu to meet the two parties and get their story just in case the matter came up in Cabinet.

The meeting comes in the wake of a letter by the trade minister Francis Mwebesa, who asked Nakyobe to take action against Ssali over what he referred to as ‘misconduct’.

In a letter dated April 9, 2024, addressed to the Head of Public Service, Lucy Nakyobe, Mwebesa implored her to take action against the errant accounting officer who unnecessarily involves herself in everyone’s affairs at the ministry, neglecting her primary duties as the PS.

“I regret to inform you that due to the unprofessional conduct of the Ministry’s affairs by the Permanent Secretary, Ms. Geraldine Ssali, she has created a highly toxic working environment that has significantly hampered the performance of staff at the Ministry,” expressed Mwebesa.

Mwebesa also informed Nakyobe that Ssali “has not exhibited prudence in her actions as an Accounting Officer.”

On April 5, Grealdine Ssali and her bodyguard allegedly assaulted Sandra Aneno. Ssali was then dragged to Kampala Central Police Station for her misconduct.

Since then investigations have been ongoing and several eyewitnesses have recorded statements.

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Minister Mwebesa describes Trade PS Ssali as a “Toxic” leader unprofessionally chasing workers

Geraldine Ssali the woman in the storm.

The Minister of Trade, Francis Mwebesa, has described the Permanent Secretary (PS), Geraldine Ssali as a toxic leader having been involved in forcing many officers into early retirement.

In a letter dated April 9, 2024, addressed to the Head of Public Service, Lucy Nakyobe, Mwebesa implored her to take action against the errant accounting officer who unnecessarily involves herself in everyone’s affairs at the ministry, neglecting her primary duties as the PS.

“I regret to inform you that due to the unprofessional conduct of the Ministry’s affairs by the Permanent Secretary, Ms. Geraldine Ssali, she has created a highly toxic working environment that has significantly hampered the performance of staff at the Ministry,” expressed Mwebesa.

The Minister elucidated the violence perpetrated against the senior legal officer, Sandra Aneno last Friday, by the PS and her bodyguard, Gerald Ouunyu.

Following the assault, Geraldine proceeded to interdict the legal officer from her office.

Mwebesa noted, “Since assuming office, she has orchestrated forced transfers of several officers from the Ministry, particularly key positions such as Heads of Planning and Policy, Human Resource, Procurement, and Accounts. The detrimental working atmosphere has prompted some officers to seek early retirement.”

Detailing the altercation to Nakyobe, Mwebesa observed, “You may have noticed recent newspaper reports regarding the assault on the Senior Legal Officer, a situation that Ssali is attempting to conceal through misinformation!” He further noted, “The officer reported this incident to the Police, and there is an ongoing criminal investigation into the matter.”

Mwebesa contended that the Permanent Secretary “unjustly interdicted the Senior Legal Officer without following the required due process!”

According to due process, Aneno should first appear before a committee to defend herself against Ssali’s allegations before any disciplinary action can be taken against her.

Officials asserted that Ssali cannot serve as both accuser, investigator, and judge in the matter.

Mwebesa also informed Nakyobe that Ssali “has not exhibited prudence in her actions as an Accounting Officer.”

The Minister cited delays in remitting subventions to agencies, which he claimed “negatively impact the implementation of their work plans.”

Consequently, the Minister expressed his frustration to Nakyobe, stating, “I find it challenging to collaborate with her (Ssali) to effectively execute the Ministry’s mandate and the NRM manifesto. Given the aforementioned issues, I recommend that action be taken against her.”

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Ex-Equity Bank official arrested over Shs65b fraud

NETTED: Kenneth Onyango.

Former Equity Bank Executive Director for Commercial Banking, Kenneth Onyango has been arrested following allegations over Shs65 billion fraud.

The arrest of Kenneth Onyango, once a prominent figure within Equity Bank’s leadership, marks a significant development in the ongoing investigation. Alongside other individuals detained in connection with the fraud, Onyango’s apprehension underscores the severity of the allegations facing the bank.

While Equity Bank seeks to navigate the fallout from this scandal, questions linger over the extent of its impact on both customers and stakeholders. Concerns over accountability and corporate governance loom large as the investigation unfolds, casting a shadow over the institution’s reputation.

Mwangi had successfully sought President Museveni`s attention, threatening to close business in Uganda over frustrations in investigations. Initially, all cases for and against Equity Bank Uganda would die prematurely. Some cases` fate would be influenced in Equity`s favor but leaving huge dents on the Bank’s reputation before the public.

The saga, which began with the abrupt departure of Kenyan Samuel Kirubi, former CEO of Equity Bank Uganda, in 2022, has now revealed key figures within the organization. Kirubi, who was ordered to leave office amid mounting suspicions, has reportedly been summoned back to Kampala by Equity Group CEO James Mwangi to confront the fallout of his alleged mismanagement.

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Health Ministry to set date for supervision of Lubowa Hospital as MP probe fund wastage

Lubowa Hospital site.

The Ministry of Health has assured Parliament’s Public Accounts Committee that it will make provisions for the legislators to visit the construction site of the International Specialised Hospital of Uganda in Lubowa to ascertain the progress of construction.

This followed a comment by the engineer supervising the works to say that progress of construction is at 35%. The Ministry of Health officials had appeared before PAC to answer audit queries of the financial year 2022/2023, among the queries is the overpayment of Shs286 billion to the contractor of the Lubowa hospital.

However, MPs on the Public Accounts Committee (PAC) had set to inspect the construction site for Lubowa hospital on Monday April 15, 2024, as part of investigations into findings by the Auditor General that Shs286 billion has so far been paid in excess for no works done at Lubowa.

The inspection issue came in after George Otim, Commissioner Health Infrastructure at the Ministry of Health denied assertions made in the Auditor General’s report that the Ministry of Health had no access to the Lubowa site and that Shs286 billion was paid in excess.

This prompted the Committee to ask Otim to make a statement with Parliament CID ahead of the Committee’s planned oversight visit to Lubowa next week.

“I had full access to the Lubowa site and I am disputing the assertion by the Auditor General. I am not aware of any overpayment, I paid for works implemented,” said Otim.

“The agreement was not for you to pay per schedule. The schedules were there, but before each promissory note, to be issued, there was a requirement for the certificate of completion of works done certified by you. Whose interests were you protecting? We depended on you solely, you were our eyes, eyes onsite and the Auditor noted there was an overpayment. You caused a financial loss, on the basis of your signature, the Accountant General went ahead to actualize and pay. You were entrusted with the duty to protect the interest of Ugandans and you failed,” said Muwanga Kivumbi (Butambala County).

The Auditor General, John Muwanga in his report noted that through a minute dated January 11, 2022, the owner’s engineer had certified only 23% of the completed works valued at $57,477,000 causing possible overpayment of $76,088,208.28 approximately Shs286 billion.

The report also noted a total of seven promissory notes worth $133,156,208.23 (Shs476.5 billion) had since been paid by government to the Lubowa project and the 8th promissory note worth $22.7 million (Shs88.971 billion) was scheduled for redemption on December 31, 2023 thus bringing the total paid to Shs600.858 billion, if you factor in the latest exchange rate.

Nandala Mafabi (Budadiri West) however, asked the Committee not to lump all the blame on the mess at Lubowa at only the Ministry of Health, saying Parliament too carries a blame on how the money for Lubowa was approved.

“The day we passed the money for Lubowa, we had refused it three times and I am very eager to get the real report because we were told that people wouldn’t be going out of the country that we will be treated here in Lubowa and that it would be important for the Ministry of Finance to approve money. Every now and then, they are bringing money for supplementary, we are approving and not asking what has been done first. I am interested in this project and how we approved this money, it was in the wrong way. People just took money,” said Mafabi.

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KLM Airlines, partners launch 2024 Best Farmers competition 

KLM Airlines and their partners led by Vision Group CEO, don Wanyama.

The Embassy of the Netherlands, KLM Airlines, and Koudjis Nutrition BV have launched the 9th edition of the Best Farmers Competition. The launch took place at Sight Farm in Namulonge, which is run by one of the past winners of the competition. 

2024 marks 10 years since the competition started, and so far, it has produced 111 winners, with 97 of them participating in the extensive weeklong training in the Netherlands. 

The competition over the years has seen an increase in production on farms across the country. This year, the competition will put emphasis on value addition, and all the winners from the different subregions will be required to demonstrate how they add value to their products. The competition hopes to encourage proper post-harvest handling to maximize value from farm outputs. 

Annette Kiconco, the Chief Retail Banking Officer at Dfcu Bank, stated that the bank is very deliberate about driving positive change in the agriculture sector in Uganda and has been part of the Best Farmers Competition since 2014. 

She stated that dfcu has designed agribusiness financing facilities and solutions for farmers in specific niches such as perennial or annual crops, poultry, or beef, as well as distribution. 

Kiconco stated that Dfcu Bank, through a partnership with the Rabo Foundation established the Agribusiness Development Center with the aim of transforming the way agriculture is practiced in Uganda. 

“Through our Agribusiness Development Center, we have so far trained 885 enterprises, we have had 17, 574 female beneficiaries in different programs; 3,935 smallholder farmers linked to financiers; and $17.2 million worth of credit linkages. We also launched an online platform called Soma-Online, where we are equipping over 5,000 learners,” she said. 

Kiconco also thanked the partners for continuing to support the Best Farmers Competition, and reaffirmed Dfcu’s commitment to transforming lives and businesses in Uganda by supporting the agriculture sector. 

Don Wanyama, the Vision Group CEO, expressed his gratitude to the partners for their continued support of the Best Farmers Competition. He encouraged the farmers to embrace the spirit of working together through cooperatives.

Wanyama said that cooperatives make it easier for farmers to access services such as training, affordable inputs, and better bargaining power for their produce.

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Gen Muhoozi cautions troops to always leave a positive and indelible impact on UPDF

Chief of Defence Forces Gen. Muhoozii and the chairman of Patriotic League of Uganda (PLU).

The Chief of Defence Forces (CDF) Gen Muhoozi Kainerugaba has implored all troops to often leave a positive and indelible impact at all their respective services, units and formations.

He mentioned that the above act manifests the peaceful culture of a professional military like UPDF.

“Do the best you can with the knowledge and perspective you have to leave an indelible and positive impact on the force,” General Kainerugaba told Service commanders, Chiefs, General and Senior Officers; as he presided over the Hand/Takeover ceremony for the office of Deputy CDF (D/CDF) and Chief of Joint Staff (CJS).

The hand/take over ceremony, at the Ministry of Defence and Veterans Affairs (MODVA) headquarters in Mbuya – Kampala, had the Outgoing D/CDF Lt Gen Peter Elwelu handing over to Lt Gen Sam Okiding while the former Chief of Joint Staff Maj Gen Leopold Kyanda handed over to Maj Gen Jack Bakasumba.

 The CDF and also the Special Presidential Advisor in charge of Special Operations (SPA/SO), in his remarks to both the Incoming and Outgoing D/CDF and CJS, noted that the tour of duty is for everyone to heighten operational efficiency.

“These offices are not permanent and they are for everyone to pass through when building a professional force. Tour of duty is for everyone,” Gen Muhoozi reminded troops.

Gen Muhoozi Kainerugaba further urged troops to maintain the spirit of togetherness, brotherhood, and sisterhood and to continue building the UPDF that is loved and cherished by all.

 He also expressed happiness with the appointing authority and Commander in Chief of the UPDF Gen Yoweri Kaguta Museveni for selecting the right people to occupy the aforementioned offices.

He further cautioned the new office bearers to make a bigger impact at their new stations and thanked the formers for a job well done.

The Outgoing D/CDF Lt Gen Peter Elwelu expressed his heartfelt appreciation to the President and Commander in Chief of UPDF Gen Museveni for the trust bestowed upon him when he served as Deputy Army Chief, saying it was a great challenge as a soldier and leader at all levels of command and control.

He pledged to continue serving his country in another capacity as a Special Presidential Advisor and commended the MODVA/UPDF fraternity for all the support over the last 38 years.

The Outgoing D/CDF, however, highlighted the fastening of court procedures for the military and the need to continuously improve the welfare of soldiers, noting that, “when people are retiring, they should be happy with the package on the table”.

In his acceptance remarks, the Incoming D/CDF Lt Gen Sam Okiding lauded the Outgoing for what he has done, adding that whatever happens in the world happens at the right time, and is Godly commanded and chosen.

He said his appointment is unique since he once deputized the current CDF at the Land Force Headquarters (Bombo).

He pledged to serve at his best and promised to work with others, emphasizing that, “If you want to reach far and then walk with others”.

 At the same ceremony, the Outgoing Chief of Joint Staff Maj Gen Leopold Kyanda applauded the privilege he had working with MODVA, adding that UPDF is now transitioning to the new establishment.

Maj Gen Kyanda noted that during his reign, MODVA/UPDF had achieved the following: Established UPDF Act 2021 opened the National Defence College -Uganda, a number of Engineering projects had taken root-most especially in education and health, Special Infantry Basic Course for Somali Nationals was started at Camp Rufu and there has been timely handling of documents in his office.

He, however, pronounced the need for the establishment of a service doctrine, budget rationalization, decentralization of services, and engaging the force in income generating activities, among others; to enable the force meet its constitutional mandate of protecting Uganda’s territorial integrity.

The Outgoing CJS cautioned his successor to uphold the notion of improving a soldiers’ welfare as priority number one.

 He noted that whatever Command and control method he executed during his reign was for the good of UPDF soldiers.

Maj Gen Jack Bakasumba the Incoming CJS, in his acceptance speech, appealed for all the support to fulfill the forces’ desired intent.

“l reaffirms my commitment to serve to the expectations of the mighty UPDF,” he alluded.

He promised to fight against indiscipline and pledged zero tolerance for corruption as guided by the building of a strong force based on ideological clarity.

 Both the Outgoing and Incoming D/CDF and CJS respectively, recognized President Museveni for his unwavering support and guidance.

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Stanbic Business Incubator launches two programs to boost access to finance for SMEs in Uganda

Chief Executive of the Stanbic Uganda Holdings Limited (SUHL), Francis Karuhanga.

The Chief Executive of the Stanbic Uganda Holdings Limited (SUHL), Francis Karuhanga has officially launched two innovative programs aimed at supporting businesses access finance, fostering economic growth within Uganda’s dynamic SME sector.

Dubbed the Stanbic Accelerator Program (SAP) and the Supplier Development Program (SDP) and unveiled in Kampala on Thursday, the two are under the implementation of the Stanbic Business Incubator Limited (SBIL), which is a subsidiary of SUHL.

“Each year, we inject about sh2 billion into the Incubator. The programs mark a significant milestone in SBIL’s commitment to empowering entrepreneurs and small business owners across the country. These initiatives are designed to equip SMEs with the essential skills, knowledge, and resources needed to thrive in today’s competitive business landscape,” Karuhanga said.

SBIL has partnered with MTN, Uganda Chamber of Mines and Petroleum, Uganda Registration Services Bureau (URSB), NSSF, GIZ, Petroleum Authority of Uganda and many more strategic partnerships, bringing together key players in the sector to support SMEs that enroll for these programs to scale and create social impact.

Justina Ziraba, MTN Business representative, said MTN will work with the Stanbic Incubator to enable targeted businesses to build digital identities and digital brands; Specifically, MTN will be providing training and coaching experts for digital transformation and tailored-MTN business solutions for SMEs.

“MTN will also contribute to the Stanbic-SME awards Gala, an event which will recognise and award outstanding SMEs that demonstrate excellence during the capacity-building program,” Ziraba said.

Tony Otoa, the Chief Executive of Stanbic Business Incubator Limited, said strategic partnerships have enabled SBIL impact over 3,000 businesses in three years, while urging entrepreneurs to unlearn and relearn as they prepare their businesses for the future especially a future affected and driven by Artificial Intelligence (AI).

“We want to have a 99% support rate to all the entrepreneurs who seek access to finance,” Otoa said.

The Stanbic Accelerator Program is tailored to support SMEs in their journey towards growth and investment readiness. Through this program, business owners will gain invaluable insights and training to enhance their company’s growth prospects. Key focus areas include building competence in capital raising, fostering resilience, and creating employment opportunities. Furthermore, the program will facilitate the development of a robust pipeline for potential investors, thus fostering sustainable economic growth.

Meanwhile, the Supplier Development Program in alignment with Uganda’s growing energy sector, will demystify opportunities and empower SMES to participate actively.

Stanbic Incubator’s Programs Manager Nelson Kasadha said, “Participants will receive comprehensive training and guidance on navigating the complexities of the energy market, including market trends, opportunities, and challenges. Moreover, the program will facilitate crucial market linkages, connecting SMEs with potential partners and customers. Additionally, participants will gain insights into accessing grants and loans to fuel their growth and expansion within the energy sector.”

“We are thrilled to introduce these transformative programs aimed at empowering SMEs and driving economic prosperity in Uganda. By providing access to finance, training, and market opportunities, we are confident that these initiatives will unlock new pathways for growth and innovation within the SME ecosystem,” Kasadha said.

Stanbic Business Incubator Limited (SBIL) is a subsidiary of Stanbic Uganda Holdings Limited, dedicated to supporting the growth and development of SMEs in Uganda. Through a range of innovative programs and initiatives, SBIL aims to foster entrepreneurship, drive economic empowerment, and create sustainable impact within local communities.

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