The Uganda Breweries Limited (UBL) board has admitted Jane Karuku, Eric Kiniti and Rachel Dumba as Non-Executive Directors. The appointment was announced by the UBL Board Chairman, Japheth Katto. Alvin Mbugua, Jimmy Mugerwa, and Agnes Ssali will continue to serve on the UBL Board as Executive Director, Non-Executive Director and Company Secretary, respectively. Jane Karuku is the current Group Managing Director and CEO of East African Breweries Limited. She replaces Andrew Cowan, the former EABL CEO who got appointed by Diageo, the EABL parent company, as the Managing Director, Diageo Africa Regional Markets. Jane was previously the Managing Director of…
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Stanbic Uganda Holdings has appointed Andrew Mashanda as the new chief executive, replacing Patrick Mweheire who continues to serve the company as a Non- Executive Director. In a notice to shareholders by Board Chairman Japheth Katto, the company informs shareholders of the appointment that took effect on November 1, 2020. “Stanbic Uganda Holdings Limited informs its shareholders and the general public of the appointment of Mr. Andrew Mashanda as Chief Executive and by virtue of that position, as an Executive Director of the Company effective November 1st, 2020,” Katto says in the notice. Andrew Mashanda joined Standard Bank Group in…
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Stanbic Bank on Friday March 6th launched the 5th edition of the ‘Stanbic National Schools Championship’ (NSC) with a focus on cultivating new partnerships to ensure further growth and sustainability of this education initiative. The programme now has 12 partners as it continues to under the theme of ‘Empowering the job creators of tomorrow’ in a bid to support the up-skilling of the youth in business creativity and entrepreneurship. While speaking at the launch of this year’s championship held at Hotel Africana, Stanbic Bank’s Board Chairman, Japheth Katto said, “Education remains a key sector we continue to support by creating interventions…
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CONFIRMED: Anne Juuko new Stanbic Uganda CEO; Patrick Mweheire moves to Nairobi as EA regional head Stanbic Bank Uganda has confirmed that Anne Juuko, a Uganda female banker based in Namibia is its new Managing Director, effective 1st March 2020. CEO East Africa Magazine, broke the news of Juuko’s appointment in November 2019. Ms. Juuko is the youngest Stanbic Uganda CEO ever, the first female and the second Ugandan to head the bank, since South Africa’s Standard Bank acquired a controlling stake in Uganda Commercial Bank in 2001 and subsequently merged and rebranded the bank to Stanbic Uganda. She replaces…
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The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank of Uganda’s Financial Stability Report, June 2019. According to the report, as at end June 2019, the banking sector, continued to flourish with commercial banks accounting for 95.2 percent (UGX30.3 trillion) of the banking sector’s total assets of UGX.31.8 trillion. This was followed by the Microfinance Deposit-taking Institutions (MDIs)…
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Stanbic Bank, Uganda’s largest bank by assets, lending, deposits and profits, today released their H1 2019 results, signaling what should turn out to be yet another strong year. In results…
