Damoni Kitabire Archives

Stanbic Bank CEO Mumba Kalifungwa Delivers UGX 591 billion Profit in First Year

Kenneth Mumba Kalifungwa’s first year as Chief Executive of Stanbic Bank Uganda delivered a strong profit performance. However, beneath the headline numbers lies a more nuanced story of growth, rising costs, and

March 23, 2026

The Big Story

L–R: Bethuel Karanja, Head of Global Markets, Stanbic Bank Uganda; Damoni Kitabire, Board Chairman, Stanbic Bank Uganda; Michael Niyitegeka, Executive Director, Refactory; Dr. Joseph Muvawala, Executive Director, National Planning Authority; Daisy Nitwe, Country Lead – Structured Solutions, Stanbic Bank Uganda; Prof. Augustus Nuwagaba, Deputy Governor, Bank of Uganda; and Mumba Kalifungwa, Chief Executive, Stanbic Bank Uganda — the leadership voices behind the Stanbic Bank Economic Forum 2026, convened to interrogate Uganda’s growth inflection point and chart a disciplined path from macro optimism to execution-led prosperity.

Big Dreams Need a Big Bank — and the 9 Other Things I Took Away from the Stanbic Bank Economic Forum 2026

2026 finds Uganda at a rare convergence of economic catalysts and structural pressures. First oil is nearing. Gold is redefining export performance. Technology — particularly AI — is compressing the time between

February 19, 2026

Banking & Financial Services·The Big Story

SUHL Chief Executive Francis Karuhanga (left) welcomes Mumba Kalifungwa

Mumba Kalifungwa Takes Helm at Stanbic Bank Uganda

Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive. His appointment, first announced in

March 3, 2025

Company News·The Big Story

Sam Mwogeza (left) and Barbara Dokoria, the Stanbic Bank Interim Chief Executive and Executive Director

Stanbic Bank Appoints Sam Mwogeza, Barbara Dokoria as Interim Chief Executive and Executive Director—Respectively

Stanbic Bank Uganda has, today announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024, until substantive appointments for

March 28, 2024

Company News·The Big Story

Left to Right: Ronald Makata, the Chief Finance and Value Management Officer (CFVMO) Stanbic Bank Uganda, Anne Juuko, the outgoing Stanbic Bank Chief Executive and Francis Karuhanga, the Chief Executive, Stanbic Uganda Holdings Limited (SUHL).

Stanbic Uganda Holdings net profits hit UGX412 billion on the back of innovative lending

Stanbic Uganda Holdings Limited (SUHL), a franchise of the Standard Bank Group—Africa’s largest commercial lender by assets, has announced a profit after tax of UGX412 billion for the period ending December 2023

March 25, 2024

Business & Markets·News & Analysis·The Big Story