Banking Sector Uganda

(L–R) Joseph Matsiko, Managing Partner, Kampala Associated Advocates; Oscar Kambona, Senior Partner and Head of Tax; and Bruce Musinguzi, Partner and Co-Lead, Tax Practice — part of KAA’s senior leadership, and widely expected to play a central role in Stanbic’s UGX 117.8 billion tax dispute with the Uganda Revenue Authority, although the firm had not formally confirmed the litigation team by press time.

Kampala Associated Advocates Lands Mega Deal to Represent Stanbic in UGX117.8 Billion Tax Dispute Against URA

Kampala Associated Advocates (KAA) has been tapped to represent Stanbic Bank Uganda and its parent, Stanbic Uganda Holdings Limited, in one of the largest transfer-pricing disputes to reach the Tax Appeals Tribunal
January 4, 2026
Kenneth Legesi, CFA, is the CEO/CIO of Ortus Africa Capital, an advisory and investment firm driving growth in Africa through strategic investments in alternative assets, including private credit, venture capital, and infrastructure.

OPINION: As a Stanbic Shareholder, Here’s What I’m Seeing in Uganda’s Banking Sector (2024)

I’ve been a minority shareholder in Stanbic Bank Uganda for a while now. And like many retail investors, I occasionally take an interest in their performance, most times I just wait for

 

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