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Citi

Sanjay Rughani faces his defining test as Standard Chartered Uganda exits retail banking: turning a leaner, corporate-focused strategy into sustainable profits, disciplined returns, and lasting relevance in a tougher market.
Sanjay Rughani faces his defining test as Standard Chartered Uganda exits retail banking: turning a leaner, corporate-focused strategy into sustainable profits, disciplined returns, and lasting relevance in a tougher market.

Sanjay Rughani and the Test of a Leaner Standard Chartered Bank

Last week’s signing between the Government of Uganda and Standard Chartered Bank offered a reminder of the institution’s enduring strength. The €641.1 million (UGX 2.75 trillion) financing package, covering power transmission, strategic
February 9, 2026
Once a vital drainage artery of Kampala, the Nakivubo Channel has become a tragic symbol of urban neglect. Buildings encroach, wetlands vanish, and rainstorms now trigger deadly floods. The city’s clogged lifeline floods again, reminding us that infrastructure failure and environmental collapse walk hand-in-hand.
Once a vital drainage artery of Kampala, the Nakivubo Channel has become a tragic symbol of urban neglect. Buildings encroach, wetlands vanish, and rainstorms now trigger deadly floods. The city’s clogged lifeline floods again, reminding us that infrastructure failure and environmental collapse walk hand-in-hand.

EDITORIAL: Banks Are Our Last Line of Defence – Will They Stop Financing Uganda’s Environmental Collapse?

When Uganda’s capital city floods, it is often framed as a natural disaster. The skies open up in fury, the drains overflow, and Kampala drowns under its own chaos. But the truth,
November 13, 2025
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Ebru Pakcan, Citi's Middle East & Africa Cluster and Banking Head (left) and Hon. Henry Musasizi, the Minister of State, General Duties, in the Ministry of Finance, Planning and Economic Development.

Gov’t of Uganda secures UGX640 bn loan from Citi, ATIDI and Dev’t Bank of Southern Africa for roads

Citi today announced a EUR 126 million loan to the Government of the Republic of Uganda to fund the design and build of the Lusalira to Sembabule road project in Uganda. Citi acted
November 8, 2024
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