Stanbic Uganda believes that a good business must also transform the lives of the people in the communities which it serves. Such needs vary from the most basic to higher level needs; however, the core needs include food, shelter, education, transport and work.
I believe the private sector has an additional responsibility to assist government in finding solutions to the development challenges facing our country, particularly ensuring that poverty is eradicated. Uganda embraced the MDG targets and is making significant progress towards closing the gaps. However there is still work to be done. UNDP reports indicate that 24.5% of the Ugandan population lives below $1 per person per day, while 20.4% of Ugandan children go to bed hungry. Only 74% of Ugandan households have access to safe water. The average Uganda woman spends 9 hours a day on care labour activities such as fetching water, firewood and caring for the sick. For every 100,000 new mothers, 435 die while giving birth. While only 41% of births are attended by skilled personnel. The above development challenges calls for greater cooperation between private sector and government, so that we can secure the sustainability of our industries, communities and country. During 2012, Stanbic Bank undertook a number of initiatives in this regard, including:
Other social investments included:
In 2013, we will continue to invest creating a stronger framework and structure to drive and manage its investments in the social sector.
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