Makerere University VC - Professor Barnabas Nawangwe (L) receives a dummy cheque from Mr. Godfrey Sebaana, Executive Director at Standard Chartered Bank

Standard Chartered Bank Uganda Limited has announced a commitment worth UGX 50m towards Makerere University’s centenary celebrations.

The commitment will go towards supporting the university’s year-long anniversary celebrations, which were launched in November 2021 during a stakeholder mobilization event organized by Makerere.

Opening its doors to 14-day students in 1922, Makerere University has grown to become one of the most prestigious learning institutions in Africa.

In his remarks, the Vice-Chancellor, of Makerere University, Professor Barnabas Nawangwe lauded Standard Chartered Bank for its support, noting that the company’s dedication to supporting the education and skills development of youth in Uganda was of mutual interest to the institution.

“Makerere University welcomes Standard Chartered Bank’s support through this partnership that will benefit both the students at Makerere University and the youth in Uganda as a whole. This gesture acknowledges that you cannot talk about Uganda’s development and socio-economic transformation without involving the youth. Makerere and Standard Chartered Bank are both in the business of giving the youth a platform to achieve their full potential. This partnership will therefore inspire our students and the youth, in general, to innovate and contribute significantly to the transformation of Uganda,” he said.

Professor Nawangwe highlighted that the sponsorship from Standard Chartered Bank Uganda is aligned with Makerere University’s strategic plan (2020-2030), which focused on making the institution research-intensive. 

Godfrey Sebaana, Executive Director & Head of Commercial, Corporate and Institutional Banking at Standard Chartered Bank Uganda, added;

“We are very excited to celebrate with Makerere University as they mark 100 years. At Standard Chartered, we recently marked 110 years and as a legacy institution, we appreciate Makerere University and all its efforts to drive learning and build a transformed society. We pledge to continue supporting this prestigious University as they reach greater heights.

As our Brand Promise of ‘Here for good’ attests, we are committed to contributing to the continued growth of the financial services sector by offering cutting edge digital solutions and innovation that improve the lives of our clients, community and all stakeholders. I therefore encourage all stakeholders to continue walking with us and entrusting us with more of their business because we have the right strategy focused on our three STANDS.

These include, ‘Lifting participation’ – where we aim to improve the lives of 1 billion people and their communities by unleashing the full potential of women and lifting participation of small businesses, ‘Accelerating Zero’; where we aim to reach net zero in our operations by 2025 and in our financed emissions by 2050 and ‘Resetting Globalization’ where we aim to support 500,000 companies to improve working and environmental standards.”

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