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…
The Uganda Bankers Association (UBA) has named Kenneth Agutamba, Stanbic Bank Uganda’s Country Manager for Reputation and Corporate Communication, as the new chairperson of the Peer Committee on Marketing and Communication. He succeeds DFCU’s Jude Kansiime. Agutamba’s appointment follows a sector-wide nomination and consultation process that resulted in his unanimous endorsement. He will serve alongside…
Stanbic Bank Uganda’s new mortgage solution breaks financing barrier to home ownership. For most working Ugandans, the dream of owning a decent home remains just that—a dream. With soaring construction costs, high interest rates, and a complex mortgage application process, many lower-middle-class earners find themselves locked out of the property ladder. Despite the fact that…
Stanbic Bank Uganda, through its for Her initiative, has partnered with UN Women to launch a transformative programme in the West Nile sub-region, targeting both refugee and host communities. The initiative is designed to empower women through digital inclusion, financial literacy, and sustainable livelihood support. “Our work in West Nile is grounded in the belief…
Mumba Kenneth Kalifungwa, the Chief Executive of Stanbic Bank Uganda, once again demonstrated his golfing skills over the weekend during the Stanbic April Mug Challenge, ending up ranking in top 10 of competing players. He was amongst the first to tee off at 8am at the Uganda Golf Club at Kitante. “I am thrilled to…
Hundreds of Muslim faithful broke the Fast during a high-profile Iftar dinner hosted by Stanbic Bank on Tuesday evening at the Sheraton Kampala Hotel. The event, which gathered prominent leaders and the bank’s clients, celebrated the Holy month of Ramadan in an atmosphere of community spirit. The interlude is observed by Muslims worldwide as a…
