Mumba Kenneth Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the largest commercial bank in terms of assets, revenue, and deposits. His appointment was first announced in December of last year. “I am delighted to join Stanbic Bank Uganda. With the support of my colleagues and stakeholders, this new role…
Parliament is looking into a proposal by the government to borrow $190 million (approx Shs 700bn) from Stanbic Bank to facilitate the buyout of Umeme Limited. The proposal was tabled by Henry Musasizi, the minister of state for Finance. The matter was pushed to the Committee on National Economy for review. Umeme started the process…
Stanbic Bank Uganda has unveiled a new campaign dubbed Kiri SupaDupa which aims at breaking barriers to access to finance for newly employed individuals, especially the youth. According to the African Development Bank (AfDB) young people face numerous institutional barriers when sourcing funding for their personal or commercial ventures with lack of collateral, limited credit…
