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TodayMonday, May 04, 2026

Middle East

Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, argues that the bank must champion a pragmatic path for Uganda’s oil journey, balancing economic growth with a just energy transition. He underscores the role of finance in transforming natural resources into lasting national prosperity while preparing the country for a sustainable, inclusive energy future.
Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, argues that the bank must champion a pragmatic path for Uganda’s oil journey, balancing economic growth with a just energy transition. He underscores the role of finance in transforming natural resources into lasting national prosperity while preparing the country for a sustainable, inclusive energy future.

Turning Oil into Opportunity: Stanbic Bank’s Role in Uganda’s First Oil Journey

As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of profound contradiction in the global energy narrative. On one hand, the world is accelerating toward a
April 25, 2026
Four powerful figures at the center of East Africa’s energy sector upheaval; Mohamed Liban, Kenya’s Principal Secretary for Petroleum; Joe Sang, former Managing Director of the Kenya Pipeline Company; and Daniel Kiptoo Bargoria, former EPRA Director General, have all exited office amid a deepening fuel supply scandal under investigation. Across the border, James Mwainyekule, Tanzania’s EWURA Director General, has been dismissed following a sharp surge in fuel prices. Together, their downfalls signal a broader regional reckoning, as governments confront mounting pressure over fuel governance, regulatory accountability, and the growing economic toll of instability in critical energy systems.
Four powerful figures at the center of East Africa’s energy sector upheaval; Mohamed Liban, Kenya’s Principal Secretary for Petroleum; Joe Sang, former Managing Director of the Kenya Pipeline Company; and Daniel Kiptoo Bargoria, former EPRA Director General, have all exited office amid a deepening fuel supply scandal under investigation. Across the border, James Mwainyekule, Tanzania’s EWURA Director General, has been dismissed following a sharp surge in fuel prices. Together, their downfalls signal a broader regional reckoning, as governments confront mounting pressure over fuel governance, regulatory accountability, and the growing economic toll of instability in critical energy systems.

Crisis Beneath the Pumps: Kenya’s Unfolding Fuel Scandal and the Fall of Top Energy Chiefs – Why it Matters to Uganda

What once appeared to be a triumph of state intervention is now unraveling into one of Kenya’s most gripping governance crises. In the wake of the 2022 fuel shortages, marked by endless
April 4, 2026
Standard Bank Group’s Cairo debut signals a bold North African expansion, boosting investment links between Egypt, the Middle East, and sub-Saharan Africa while setting the stage for a future full banking presence.
Standard Bank Group’s Cairo debut signals a bold North African expansion, boosting investment links between Egypt, the Middle East, and sub-Saharan Africa while setting the stage for a future full banking presence.

Standard Bank Group Enters Egypt, Expands its pan-African Footprint

Standard Bank Group, Africa’s largest lender by assets, has officially entered the Egyptian market, opening a representative office in Cairo. The move marks one of the bank’s most significant North African expansions
November 14, 2025
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Despite strong export growth, Uganda consistently runs a trade deficit, spending more on imports than it earns from exports. But the balance varies sharply depending on the country and region.
Despite strong export growth, Uganda consistently runs a trade deficit, spending more on imports than it earns from exports. But the balance varies sharply depending on the country and region.

Who are Uganda’s True Trade Partners?

For decades, Uganda’s trade story has been defined by its deepening integration into regional markets, rising dependence on Asia, and enduring ties with Europe. But when you look past the big numbers
September 29, 2025
From left to right: Sanjay Rughani, CEO Standard Chartered Uganda, Rola Abu Manneh, Standard Chartered CEO for UAE, Middle East and Pakistan, Mr. Moses Bekabye, the Technical Advisor for Economic Affairs from the Ministry of Finance, Planning and Economic Development and Mrs. Maria Kiwanuka - Standard Chartered’s Board Chairperson and Independent Non-Executive Director.

Standard Chartered Uganda Hosts Investment Dialogue to Boost Regional Trade 

Standard Chartered is set to invest in boosting regional trade, particularly between Uganda and the Middle East.  The Middle East has emerged as one of the major export destinations for Uganda according
May 23, 2025
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