By Ambrose Gahene
Staff of Stanbic Bank Uganda’s Operations Division have visited the government-aided, Bbira Primary School in Wakiso District and made a Ushs 10 million donation towards construction of a tank to improve water sanitation. Part of the money will also be used for necessities such as; clothes and shoes to improve the welfare of the children.
Patricia Nshemereirwe Musiime, Stanbic Bank’s Head of Operations, said education is a key pillar in the bank’s Corporate Social Initiative programme.
She said: “A good education can only be achieved through a better and friendly learning environment, sanitation being one of the core elements. As a bank, we believe a fully supported education ecosystem in our communities is enabled not only through the class room but also elements such as safe water and health sanitation which contribute to empowerment and prosperity.”
“We believe supporting education in its entirety enables achievement of a universal primary education and in the long run leads to development of the community.” She added.
Established in 1930, Bbira Primary School is a government-funded school with a population of 1,054 students, including both a teaching and non-teaching staff of 20.
In 2012, the Water and Sanitation Programme reported that the impact resulting from poor sanitation and hygiene cost the economy of Shs 380 billion (US$ 177 million) per year, or the equivalent of 1.1 per cent of annual Gross Domestic Product (GDP).
Commenting on the contribution, the school’s head master, George William Mubiru Salongo said; as a government-funded school that receives approximately Shs 10 million annually, additional financial support is always welcome. “We appreciate Stanbic Bank for taking the initiative to support education in all possible aspects, more importantly, as we seek to ensure a wholesome education for children. We are confident that this contribution will make an extremely huge impact on the school’s sanitation by providing easy access to clean water which has been one of our challenges for some time now,” he said.
Winding up her remarks, Musiime thanked Bbira primary school for embracing the bank’s offer.
She said: “Stanbic Bank will continue in its bid to support education as an integral part of the bank’s strategy in fostering development in the country. We believe in a wholesome education to achieve this.”
About Stanbic Bank Uganda
Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets of R1,98 trillion (about USD128 billion) at 31 December 2015, while its market capitalisation was R184 billion (about USD11,8 billion).
The group has direct, on-the-ground representation in 20 African countries. Standard Bank Group has 1 221 branches and 8 815 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.
Stanbic Bank Uganda provides the full spectrum of financial services. Its Corporate & Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.
Stanbic Bank Uganda personal & business banking unit offers banking and other financial services to individuals and small-to-medium enterprises. This unit serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.