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Africa

OPINION: As a Stanbic Shareholder, Here’s What I’m Seeing in Uganda’s Banking Sector (2024) Disclaimer by author: This is not investment advice! In this candid analysis, Kenneth Legesi—CEO/CIO of Ortus Africa Capital—reflects on Stanbic Bank Uganda’s 2024 performance from a shareholder’s lens. Highlighting strong profitability, low NPLs, and dividend consistency, he praises Stanbic’s resilience but flags cost efficiency and digital competition as watchpoints. 

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UGrowth, 1 year ago 0 1 min read  
Africa

Banking on Impact and Being a Force for Good—The Absa Bank Uganda Story Absa Bank Uganda’s 2024 story affirms that it is possible to pursue strong financial performance and meaningful ESG impact—simultaneously and successfully. The bank extended UGX 1.99 trillion in customer loans, channeling credit into trade, agriculture, manufacturing, and personal lending—the real lifeblood of economic growth. It backed this with UGX 38 billion in green financing, planted 372,643 trees, and harvested 427,000 cubic units of rainwater to support climate action. With 44,428 Ugandans empowered through financial literacy, 2,351 youth trained, and 1,060 SMEs supported, Absa is Empowering Uganda’s tomorrow. Together… One story at a time—defining leadership through purpose, people, and prosperity. 

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UGrowth, 1 year ago 0 1 min read  
Africa

President Museveni Lauds Tembo Steels Founder for Transforming Uganda’s Steel Industry President Museveni has commended Sanjay Awasthi, the visionary founder of Tembo Steels, for revolutionizing Uganda’s steel industry. This followed the commissioning of a new 250,000 TPY Direct Reduced Iron (DRI) plant in Iganga—a state-of-the-art facility that positions Tembo as the country’s only fully integrated primary steelmaker and a continental leader in green, innovation-driven steel production. 

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UGrowth, 1 year ago 0 1 min read