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Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…
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Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase. On 24 October, Absa confirmed that it would acquire Standard Chartered’s entire WRB portfolio, including clients, staff, deposits, and assets. It is one of the most significant realignments in Uganda’s banking sector in recent years. The deal has now moved to the COMESA Competition Commission (CCC), which on 18 November issued a formal Notice of Inquiry. The inquiry will evaluate whether the transaction could reduce competition in the COMESA region…
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Ugandan investment banker Anne Aliker has been appointed Head, Africa Regions – Corporate and Investment Banking (CIB) at Standard Bank Group, Africa’s largest bank by assets. Her appointment marks a major milestone not only in her distinguished career but also in the growing presence of Ugandan professionals in senior leadership roles across Africa’s financial sector. It also underscores Standard Bank Group’s continued commitment to developing African leaders to drive the continent’s growth. Luvuyo Masinda, Chief Executive of Corporate and Investment Banking at Standard Bank Group, said the appointment aligns with the bank’s vision to strengthen its leadership capacity and expand…
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The Corporate and Investment Banking (CIB) section of Stanbic Bank Uganda—a member of the Standard Bank Group, has launched a new campaign dubbed, “We believe in here” aimed at underscoring the lender’s commitment to its purpose of ‘driving Uganda’s growth.’ As one of the world’s most entrepreneurial countries, Stanbic Bank believes that supporting the local business community is the best way to drive Uganda’s growth and that what entrepreneurs need is a commercial bank that believes in their dreams. Paul Bitature Muganwa, the CIB Executive Head at Stanbic Bank Uganda said: “Our new campaign—we believe in here” is a rallying…
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