Stanbic Bank Uganda has installed solar-powered lighting equipment worth Shs 100 million at the Kabalye Police National Training School. Located in Masindi, the training school has in recent years struggled with inadequate lighting, which has affected evening training sessions and raised security concerns. The situation has been particularly difficult given the large number of recruits…
Stanbic Bank Uganda’s chief executive, Mumba Kalifungwa, has urged leaders across government, business and finance to turn Uganda’s macroeconomic gains into inclusive and long-term prosperity as the country approaches commercial oil production. Speaking at the fifth Stanbic Economic Forum in Kampala, Kalifungwa said Uganda’s future “is not something to be observed from a distance, but…
The minister of state for Microfinance, Haruna Kasolo Kyeyune, has commended Stanbic Bank Uganda for its innovative FlexiPay platform, saying it has significantly advanced the country’s financial inclusion agenda. Speaking during the 3rd National Microfinance and Savings Group Conference at Hotel Africana, Kasolo said FlexiPay has become a key driver in bridging the gap between…
Ugandan investment banker Anne Aliker has been appointed Head of Africa Regions, Corporate and Investment Banking (CIB) at Standard Bank Group, Africa’s largest bank by assets. Announcing the appointment, Luvuyo Masinda, Chief Executive of CIB at Standard Bank Group, said Aliker brings a wealth of experience and a strong record of leadership. “Anne has led…
Ronald Makata, Stanbic Bank Uganda’s Chief Finance and Value Management Officer, emerged as the standout achiever at the 9th Uganda CFO Awards 2025. Makata distinguished himself with three prestigious accolades: top honours in Compliance and Governance, Finance Transformation and Technology, and First Runner-Up for CFO of the Year. Organised jointly by Deloitte Uganda and ACCA…
After eight remarkable years, Daniel Ogong, the creative force behind Stanbic Bank Uganda’s trusted brand, is stepping down as Head of Brand and Marketing on October 1, 2025. His departure marks the end of an era for the bank, where he turned ideas into campaigns that touched the hearts of Ugandans. For those who interacted…
Between January and June 2025, Stanbic Uganda Holdings Limited (SUHL) made a profit of Shs 278 billion, up 18% from in the same period last year. It also paid Shs 273 billion in taxes, a 37% increase from Shs 198 billion in 2024. Francis Karuhanga, the CEO of Stanbic Uganda, said their success is not…
Quality Chemical Industries Limited (Qcil) has secured a $ 36 million (Shs 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. The new facility will increase production capacity for Qcil’s existing portfolio and enable the company to expand into new therapeutic areas, including the production of injectable medications. Qcil, founded…
