Mary Hill win top prize in Stanbic schools competition

May 2, 2017 in Companies, Finance by Editor

May 2–Mary Hill High School from Western Uganda has been crowned winner in the just concluded Stanbic National Schools Championships 2017 after beating off stiff competition from three other regions in the final round.

Apart from Mary Hill, the other finalists were Kibuli SS from Central region, Sacred Heart Girls School from Northern region and  Teso College Aloet from Eastern region.

The decider came when the teams were given the task of presenting a detailed bank simulation project. Mary Hill High focused on how financial institutions can positively transform the societies where they operate.

Congratulating the winners at the prize giving ceremony, Stanbic Bank Board Chairman Japheth Katto said, “The team from Western Uganda has been outstanding throughout the competition. They beat nine schools to win in their region and have carried this form into the finals culminating in their victory.”

Katto said, “They are truly worthy winners and representative of exactly what we were looking for when we started this competition which necessitated teamwork, commitment, and a sound knowledge of how financial institutions can make a difference in everyday lives.”

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 $128 billion) at 31 December 2015, while its market capitalisation was R184 billion (about $11,8 billion).

The Mary Hill High school team received a fully funded educational trip to South Africa, and a solar system for the school worth UGX 20 million (nearly $5500).

Kibuli SS emerged as First Runner-up taking away Apple iPads for each team member and a water system for the school worth UGX 10 million. The  Second Runner-up, Sacred Heart High School from the Northern were awarded a savings account of UGX 1 million and a book titled ‘7 habits of highly effective teenagers’ while the students representing Teso College Aleot were handed a savings account with initial deposits of UGX 500,000 each.

Cathy Adengo, Stanbic Bank’s Head of CSR and Communications said, “This has been a fantastic competition and the entire programme has shown us the brilliant minds we have across the country. Stanbic Bank believes that investing in education is a critical vehicle to fostering development in the country.”

She said, “We believe that healthy competition and innovativeness among students is a step forward to creating active minds which yield solutions that would steer not only improved academic performance, but also definite solutions to moving Uganda economically forward.

Juliet Namuddu, the Director of Education at the Kampala Capital City Authority (KCCA), commended Stanbic Bank for the initiative because financial literacy is a very important subject yet it is not extensively taught in most schools.

She said KCCA was committed and would continue supporting Stanbic in this effort and other educational projects which give students the practical life skills necessary to succeed in life.

The competition started in February with over 3, ooo students from 4o schools from the different regions in the country participating in a series of educational challenges including class room debates, regional quiz competitions and the bank simulation project.

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.