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Seven lucky customers win big at Stanbic Bank Xmas trolley dash finale

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Stanbic Bank concluded its Xmas promo organised to promote increased usage of digital channels and cashless banking by holding the 2nd and final trolley dash for seven lucky customers at Quality Supermarket in Naalya. The winners Martin Lutaaya, Jerome Birungi, June Nyakahuma, Steve Daniel Katongole, Amos Kiyingi, Bashir Aliyu Yakasai, and Racheal Phoebe Kabejja picked shopping items worth thousands of shillings in the 60 second dash.

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Speaking at the conclusion of the dash, Stanbic’s Banks Card Payments, Issuing & Acquiring Manager, Damalie Sajjabi thanked the bank’s customers who participated in the promotion. She said, “This is a positive sign that more and more Ugandans are appreciating the value of using credit and debit cards as opposed to cash which can be risky to carry. This is the main reason why we are rewarding and encouraging our customers to use cards as a payment alternative”.

L-R: Jerome Birungi ,June Nyakahuma, Bashir Aliyu Yakasai, Martin Lutaaya and Racheal Phoebe Kabejja were among the 7 lucky winners of the final 60seconds trolley dash at the Quality Supermarket Naalya.

L-R: Jerome Birungi, June Nyakahuma, Bashir Aliyu Yakasai, Martin Lutaaya and Racheal Phoebe Kabejja were among the 7 lucky winners of the final 60 seconds trolley dash at the Quality Supermarket Naalya.

Talking about some of the bank’s other strategies and initiatives to promote the increased usage of debit and credit cards, Damalie noted that Stanbic already has the largest ATM network in the country with over 170 strategic locations backed up by 493 Visa enabled POS machines in all the major malls, restaurants, shops and supermarkets. “We plan to significantly increase this number as well as further integrate our online platforms with customer accounts so clients can do all their banking at a time and place of their convenience. Our objective as a bank is to make it as easy as possible for our clients to transact by putting them increasingly in control of their overall banking experience, digital channels give us that possibility which is the reason why we have invested so much in its development,” she explained.

Credit and debit card usage increased during the promotion season, Stanbic Bank registered a growth of 70% in transactions compared to months prior the festive season. The Bank also noted that more of the outlets should engage in promoting use of credit and debit cards because the growth numbers were an indicator of a mind-set change to cashless banking.

According to Dr. Fred Muhumuza a development Economist, “The growth of plastic money usage in Uganda remains low because of a number of challenges which include a lack of POS machines and ATM located almost exclusively in urban areas. It is therefore imperative for banks to promote cashless banking through a combination of awareness and development of linkages with other payment platforms such as mobile money.”

The Stanbic Xmas dash organised through the bank’s social media platforms was open to all Visa and Mastercard – Local and International debit and credit card holders as well as prepaid cards. To enter, all customers had to do was to make a purchase of a minimum UGX 50,000 at one of the Banks partner outlets, take a selfie then like the Stanbic Bank facebook page (@Stanbicug) and or follow the bank on Twitter (#StanbicXmasDash).

The participating outlets by category were: Restaurants; Café Javas, Mythos Greek Taverna, The Bistro, Piato Restaurant, KFC, Pizza Hut, Riders Uganda Ltd, and Eucupirien-Kololo, Supermarkets; Game Lugogo, Quality, Capital Shoppers, Nakumatt, Embassy, Jazz, Risko Kids, and Pep Store, Hospitals; Nakasero Hospital, Pan Dental Surgery, and Dr. Agwarwal Eye Hospital, Fuel stations; Total and City Oil, Air Travel; Rwandair Kampala.

“We plan on organising many more initiatives with fantastic prizes and incentives to promote cashless banking so I encourage our clients to follow us on social media and continue using their visa and mastercard debit and credit cards,” Damalie concluded.

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Movit contributes Ugx 80 Million to the Irene Gleeson Charity Walk

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Movit Products Limited (MPL) has handed over a cheque of 80 Million Shillings to the Irene Gleeson Foundation as a contribution towards the upcoming Irene Gleeson Charity walk. This year’s contribution goes to the construction of the Irene Gleeson Community Library and Youth Training Resource Centre.

For over 4 years, Movit has contributed towards improving education conditions for millions of pupils in Northern Uganda and is still committed to supporting this cause, to ensure that the dream of Maama Irene Gleeson lives on.

Receiving the cheque, Irene Gleeson Foundation Executive Director, John Paul Kiffasi applauded MPL for their continued support towards this charity walk and other initiatives spearheaded by the foundation. He further called upon the people of northern Uganda and Uganda to come in large numbers to support the Irene Gleeson Charity walk 2018 and thus together celebrate and commemorate the exemplary life of an extraordinary person mama Irene
Gleeson.

The Irene Gleeson Charity walk is the biggest annual celebration in Kitgum and it will be held on the 22 nd of July this year at Booma grounds in Kitgum district. The charity walk is conducted in memory of Mama Irene Gleeson who left Austria and came to Uganda in 1992, specifically to northern Uganda which was considered among the most volatile parts of the world. Irene worked tirelessly to the betterment of education conditions in this part of the country through building schools, hospitals, rehabilitation homes among others till her passing in 2013.

Handing over Movit’s contribution, Bruce Mpamizo the Director Business Growth, Movit Products Limited guaranteed the company`s commitment towards supporting the Irene Gleeson Charity walk and all other Irene Gleeson Foundation initiatives. “It is our responsibility as an organization to support activities and initiatives that elevate education and health conditions in Uganda. We give not because we have a lot but because we care about the wellbeing of the communities in which we operate”, he said.

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Kidnap, Trespass And Unauthorised Access Into MTN Data Centre.

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On Monday, 2 July 2018, at around 5pm, two employees of Huawei Uganda (a contractor of MTN Uganda) were kidnapped from MTN Towers, Hannington Road by heavily armed men in civilian clothing who claimed to be Internal Security Organisation (ISO) agents. The kidnapped individuals were illegally detained in an un-gazetted area and later forced to grant unauthorised physical access to the MTN Uganda’s Data Centre at Mutundwe.

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At the Data Centre, there were several attempts by the intruders, to log into MTN Uganda’s servers over a period of two hours. The efforts were unsuccessful because of MTN Uganda’s robust information security systems and no data was accessed or compromised by the intruders. These incidents were captured on our CCTV cameras and the footage has been shared with the police.

The incident was reported to the Minister of Security and the Chief of Military Intelligence. The intruders subsequently withdrew from the Data Centre around midnight.

 

MTN (U) formally reported the matter to the Uganda Communication Commission. MTN Uganda also opened a case at CID Headquarters- Kibuli under reference number GEF 727/2018.

 

MTN (U) takes this criminal incident seriously and is working with the government of Uganda to establish the identity and motive of the perpetrators and bring them to account.

 

Contrary to various print and social media reports, MTN Uganda is not aware of any investigation into alleged breach of national security involving it or tax evasion on its part.

 

MTN (U) is committed to collaborating with the Uganda Police and other security agencies as they investigate this incident.

– Issued by Chairman, MTN Uganda.

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Muni Girls Secondary School crowned 2018 National Schools Champions

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Stanbic's Patrick Mweheire hands over grand prize to Muni Girls who were overall winners.

Stanbic bank’s Patrick Mweheire hands over grand prize to Muni Girls who were overall winners.

Muni Girls’ Secondary School from Arua in Northern Uganda has emerged victorious in the third edition of the Stanbic National Schools Championship, following a highly competitive finale held in Kampala at Africana Hotel.

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The four regional finalists who made it to the grand finale included: Muni Girls’ Secondary School, Mengo Senior School, Nakanyonyi Senior Secondary School and Bweranyangi Girls’ Senior Secondary School. The finalists were tasked to create businesses, present their business plans and explain the sustainability of their business.

While commenting on this year’s competition, Stanbic Bank’s Chief Executive, Patrick Mweheire said, “Stanbic Bank believes that investing in education is a critical vehicle to fostering development in the country. This has been a fantastic competition and the entire programme has shown us the budding entrepreneurship potential in the country. Uganda has over the recent past been hailed as the World’s most entrepreneurial country. However, according to recent studies by the Global Entrepreneurship Monitor (GEM), almost 10% of Ugandans started a business in 2015 yet a fifth of individuals aged 18-64 also discontinued a business in the same year and most business don’t last more than their third year. Young entrepreneurs in particular have generally low growth expectations while few innovate or vary product lines. The National Schools Championships project under this year’s theme, ‘empowering the job creators of tomorrow’ was meant to stretch students to think outside the box beyond just job hunting after school. We can confidently say that after these five months, the students understand the importance of being innovative to create jobs.”

6,000 students from 60 schools across the country took part in this year’s Stanbic National Schools Competition including both Government and private Schools. Students were taken through different stages in the competition including class room tests, oral quizzes, Essay competition, debate competition and finally a business skilling competition all set around financial literacy, life skills, logic, business and entrepreneurship.

The key note speaker, the NSSF Managing Director Richard Byarugaba said, “According to the Uganda Bureau of Statistics (UBOS), unemployment rate in Uganda increased to 2.1% in 2017 from 2% in 2016. The rate has averaged 2.38% from 1991 until 2017, reaching an all-time high of 3.5% in 2002 and a record low of 0.94% in 1991. In addition, every year, over 400,000 young people graduate from tertiary institutions and join the hunt for jobs in a labour market that does not have much to offer. It is therefore imperative that we change strategy and work towards skilling young people so they are not fully dependent on employment but can be able to start sustainable businesses. This will go a long way not only in empowering them but also in growing our economy.”

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