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Busitema University and Stanbic Bank Strengthen Partnership

Busitema University and Stanbic Bank Strengthen Partnership

Busitema University warmly welcomed representatives from Stanbic Bank to a meeting aimed at strengthening the long-standing partnership between the two entities. Representing the Vice Chancellor, Professor Saphina Biira who chaired the meeting expressed her heartfelt gratitude to the bank for its invaluable support of various university initiatives. Notably, the bank has provided scholarships to students for skills training programs at the university and is sponsoring several other university projects including a forestry project that is yet to kick off. Prof. Saphiina further noted that the partnership between Busitema University and Stanbic Bank had yielded numerous benefits, including the successful execution of several conferences and projects. The financial support provided by the bank has been instrumental in facilitating these initiatives, enabling the university to host events such as the Careers Fair, Inter-University East African Competitions, and research conferences. These collaborations have not only enhanced the university's academic and research endeavors but also demonstrated the bank's commitment to Corporate Social Responsibility.

On the other hand, Mr. Tunde Thorpe, (Head of Transaction Banking at Stanbic Bank) who led the bank's delegation, acknowledged the university's support for the bank's services, particularly in terms of loans extended to staff members. He also highlighted the substantial grant portfolio that Busitema University maintains with Stanbic Bank and encouraged the university to explore personal and private banking services. Additionally, Mr. Tunde emphasized the benefits of corporate banking, inviting the university to leverage this aspect of the bank's offerings to further enhance its financial management and operations.

The meeting served as a platform for both parties to discuss ways to further strengthen their collaboration. One of the potential avenues for future collaboration of the entities is the third phase of the skills training program, which has been a resounding success in its previous iterations. The bank's continued support for this initiative will enable the university to provide more students with valuable skills, enhancing their employability and contributing to the development of the region. The partnership between Busitema University and Stanbic Bank is a testament to the power of collaboration between academic institutions and financial organizations. By working together, both entities can drive growth, innovation, and development, ultimately benefiting the university community and the wider region.

Conclusively, the meeting between Busitema University and Stanbic Bank marked an important milestone in their ongoing partnership and therefore, the two entities are poised to explore new opportunities and strengthen existing ones, driving progress and development in not only in the University but also the region.

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