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March 13, 2026
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    Francis Karuhanga

    A photo collage of Bank of Baroda Managing Director Shashi Dhar, Quality Chemical Managing Director Ajay Kumar Pal, Stanbic Holdings Chief Executive Francis Karuhanga, Umeme Managing Director Selestino Babungi, and Airtel Uganda Managing Director Soumendra Sahu. The five companies delivered standout returns for the period between January and September 2025.

    Black Diamonds: Five Stocks that Beat Bonds and NSSF in Returns

    CEO East Africa MagazineThe Big StoryOctober 2, 2025October 10, 2025

    The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The…

    Standard Bank Group Reshuffles Regional Leadership: Oigara Succeeds Mweheire as East Africa Chief, Francis Karuhanga to Lead South & Central Africa

    Brian KwesigaCompany NewsNews & AnalysisThe Big StoryAugust 21, 2025August 21, 2025

    Standard Bank Group has announced a significant leadership realignment across its Africa Regions portfolio, appointing new Regional Chief Executives (RCEs) to spearhead growth in key markets and drive greater operational…

    Stanbic Uganda Posts Record UGX 478 Billion Profit in 2024, Assets Cross UGX 10 Trillion Mark

    Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryMarch 24, 2025March 24, 2025

    Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…

    Mumba Kalifungwa Takes Helm at Stanbic Bank Uganda

    Muhereza KyamuteteraCompany NewsThe Big StoryMarch 3, 2025March 3, 2025

    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…

    Stanbic Bank boosts unsecured SACCO loans from sh200m to sh4 billion

    Brian EmorutGlobal NewsNews & AnalysisNovember 21, 2024November 21, 2024

    Stanbic Bank Uganda has announced an increase in its unsecured loan offering to Savings and Credit Cooperative Organizations (SACCOs) from sh200 million to sh4 billion, attained at an interest rate…

    SACCO leaders hail Stanbic Bank for unmatched empowerment, skilling initiatives

    Paul MurungiCompany NewsOctober 2, 2024October 2, 2024

    Leaders from various Savings and Credit Cooperative Organizations (SACCOs) have commended Stanbic Bank for its commitment to empowering and skilling members of the SACCO community.  The event held at Tuzza…

    Time Magazine Names Standard Bank Among World’s Best Companies

    Paul MurungiCompany NewsSeptember 18, 2024September 18, 2024

    Stanbic Uganda’s mother company—Standard Bank Group, which is also Africa’s largest bank by assets, has been recognised as one of Time Magazine’s World’s Best Companies and Newsweek’s World’s Most Trustworthy…

    Uganda Breweries and Amos Nzeyi hosts relaunch of the Johnnie Walker Blue Club at billionaire businessman’s  Pineapple Bay Island

    Muhereza KyamuteteraCompany NewsLifestyleThe Executive TravelerSeptember 16, 2024September 16, 2024

    On Saturday, September 14, Uganda Breweries Ltd (UBL) hosted several industry captains and business moguls as they relaunched the highly anticipated Johnnie Walker Blue Club. The landmark event, held at…

    SPOTLIGHT: Uganda shines as Stanbic exports top banking executives to Africa

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StorySeptember 9, 2024September 9, 2024

    In a show of the country’s human capital prowess, Stanbic Bank Uganda, the country’s largest commercial lender, has exported several top banking executives to the rest of Africa in a…

    Stanbic Bank Uganda’s net profit surge to UGX 236 billion in the first half of 2024

    Paul MurungiCompany NewsAugust 18, 2024August 18, 2024

    Stanbic Bank Uganda has maintained a strong growth momentum in the first half of 2024 posting a profit of UGX 236 billion on its income statement.  This represents a 17.6…

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    Latest Stories

    • Saviour Chibiya, Regional Chief Executive, Absa Group, addresses staff during a town hall meeting with Absa Bank Uganda employees at the Kampala Sheraton Hotel this week. During his visit to Uganda, Chibiya emphasised Absa’s ambition to become the “bank of choice for economic development” across the markets where it operates.
      “We Want to Be the Bank of Choice for Economic Development”: Saviour Chibiya on Absa’s Strategic Bet on East Africa 
      by Muhereza Kyamutetera
      March 13, 2026
    • I&M Bank Katogo Golf Series Returns to Entebbe with Innovative Format and High-Stakes Rewards
      by Brian Emorut
      March 13, 2026
    • UK Scholarships Unit Head Visits Uganda to Strengthen Chevening and Commonwealth Education Partnerships
      by Brian Emorut
      March 13, 2026
    • Janet Navuuga says Uganda’s evolving governance landscape demands more than qualifications for board leadership. The Fit and Proper Test ensures that integrity, competence, and ethical reputation remain central to those entrusted with corporate oversight.
      Preparing for Board Leadership: Why the Fit and Proper Test Matters
      by CEO East Africa Magazine
      March 13, 2026
    • Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion
      by Paul Murungi
      March 13, 2026
    • Insurance Premiums Hit UGX 2.03 Trillion as Jubilee and Prudential Lead Life, SanlamAllianz and Old Mutual Dominate Non-Life
      by Paul Murungi
      March 13, 2026
    • Justin Mollel, a Tanzanian finance executive and former Serengeti Breweries director, has been appointed incoming Group Chief Financial Officer of East African Breweries.
      Tanzanian Executive Justin Mollel Named Incoming EABL Group Chief Financial Officer
      by CEO East Africa Magazine
      March 12, 2026
    • Africa Loses Over $10 Billion to Breast Cancer as Experts Call for Strategic Investment in Women’s Health
      by Brian Emorut
      March 12, 2026
    • Inside the Balance Sheet: CFO Doreen Kyomugisha on Building Capital Strength and Financial Discipline at SanlamAllianz General Uganda
      by Paul Murungi
      March 12, 2026
    • FMO Co-Chief Investment Officer Huib-Jan de Ruijter (left) and I&M Bank Uganda CEO Robin Bairstow sign the Memorandum of Understanding following the announcement of a USD 20 million financing partnership. Standing behind them (left–right) are Natalie den Breugom, Deputy Director for Sustainable Economic Development at the Dutch Ministry of Foreign Affairs; Faith Kathambi, Investment Officer – Financial Institutions at FMO; René Idzenga, Head of State-Owned Enterprises at the Dutch Ministry of Finance; and Nadia Mindra, Head of Treasury at I&M Bank Uganda.
      Dutch Development Bank FMO Extends USD 20 Million Facility to I&M Bank Uganda to Boost SME Financing
      by Muhereza Kyamutetera
      March 12, 2026

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