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In a few weeks, Stanbic Bank Uganda — the country’s largest commercial bank — will release its full-year 2025 results. If its first-half performance is any indication, the bank is likely to report positive growth across most of its core fundamentals. Stanbic Uganda Holdings Limited (SUHL), where Stanbic Bank remains the anchor subsidiary and principal value driver, recorded a sharp acceleration across its balance-sheet metrics in H1 2025. Customer deposits grew to UGX 8.44 trillion, a 28.9% year-on-year increase from UGX 6.55 trillion in June 2024. That liquidity expansion translated into measured loan growth, with loans and advances rising to…
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South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group. The move is set to hand the Johannesburg-listed lender…
Anne Juuko, previously the Regional Head, East Africa for Global Markets at Standard Bank Group, has resigned her role effective 30th November 2025, CEO East Africa Magazine can exclusively reveal. Her departure — now confirmed through highly placed internal sources and a confidential communication seen by this publication — brings to a close a 13-year career at Africa’s largest banking group, during which she rose to become one of the most influential financial sector leaders in the region. According to the internal memo, Juuko’s exit marks the end of a distinguished leadership journey that began in 2012 and saw her rise through…
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Former Stanbic Bank Kenya CEO and recently the Regional Chief Executive for Stanbic, East Africa, Joshua Oigara has shared a concise but powerful set of principles on building alignment between CEOs and boards. Posting on his LinkedIn page, Oigara reflected on the realities new chief executives face when stepping into the top job, and the often overlooked challenge of working with boards they did not choose. “New CEOs rarely arrive with new boards,” Oigara noted. “More often than not, the board is already in place with set priorities and governance traditions.” Unlike executive teams, which a CEO can gradually shape…
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Effective today, September 1st, Joshua Nyamweya Oigara takes over the helm of Standard Bank’s East Africa operations, becoming Regional Chief Executive for a cluster that includes Stanbic Bank Kenya, Stanbic Bank Uganda, and Stanbic Bank Tanzania. Standard Bank — headquartered in Johannesburg — is the largest bank on the African continent by assets, with over USD 170 billion in total assets, operations in 20 sub-Saharan markets and offshore hubs, and a reputation for financing Africa’s largest corporate and infrastructure deals. In East Africa, Stanbic operates across diverse market share zones — from its outright leadership position in Uganda, to a…
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Equity Bank has been named Best Regional Bank in East Africa at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire. This prestigious award highlights the Bank’s significant role in deepening financial inclusion, empowering communities, and promoting sustainable economic development across East Africa. Equity Bank’s recognition is a reflection of its impactful presence across the region, driven by a purpose-led approach, customer-centric innovation, and strong support for small and medium-sized enterprises (SMEs). The award affirms the growing influence of regional financial institutions in shaping the continent’s economic future. Equity Group Managing Director and CEO, Dr. James Mwangi said “We…
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