Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil and gas multinationals, telecom giants, regulators, and investment firms, there is a new generation of Ugandan professionals. They are strategically placed, thoroughly equipped, and quietly making their way to the corner office. These are individuals already entrusted with large budgets, wide teams, and critical mandates. Some are executive directors, overseeing operations, strategy, risk, and people in top-tier institutions. Others are chief financial officers, managing billions in assets, liquidity, and compliance…
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In a strategic move aimed at deepening its customer-centric agenda and accelerating its retail and SME banking growth, Absa Bank Uganda has appointed seasoned banker Moses Rutahigwa as the new…
After spending 14 years at Standard Chartered Bank Uganda, the amiable Moses Rutahigwa has been appointed as the new Consumer, Private and Business Banking Head at Standard Chartered Bank Botswana. He has been serving in the same role, in Uganda since January 2021. Moses’ started-from-the-bottom career at the bank saw him start as a Branch Manager in 2010, rising to become a Regional Branch Manager in 2013 until January 2015 when he was appointed Head, Strategic Transformation, a role he played for a year. In February 2016, he was appointed Head, Client Acquisitions until September 2017, when he became the…
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Standard Chartered Bank has launched the SC Shilingi Funds⏤ a low-ticket money market fund for Standard Chartered Bank clientele that is 100% digital and available on the SC Mobile app. SC Shilingi Funds allows clients to invest amounts of as low as UGX20,000, and earn competitive interest as well as be able to withdraw their funds anytime. Standard Chartered Bank is the first bank to offer such a proposition in the market. The launch event was held at Kampala Sheraton Hotel on 21st June 2023 and was presided over by the Minister of ICT Dr. Chris Baryomunsi; the Bank’s CEO,…
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Why of all things, why did you decide to climb the Rwenzoris as an individual? Unlike many of the team members, Rwenzori was my first mountain. This was a challenge, but I believe in life, you either “Go Big, Go Bold or Go Back Home”. Challenges inspire me, and I went to Rwenzori to not only reach the peak but also to inspire my family and anyone who believes and learns from me to be bold, take on challenging tasks and never doubt their ability. I also went up the Rwenzori as a token of appreciation to my work colleagues,…
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Over 40 Standard Chartered Bank Staff volunteered to conduct a community initiative at the Salaama school for the blind in Mukono where they painted and renovated a classroom block and planted 300 fruit and indigenous trees as a way of preserving the environment and catering for the nutrition needs of the students over the long term. The bank employees were received by founder and school Headmaster, Francis Kinubi, who has led the school for the last 23 years accommodating 72 students who are visually impaired with various disabilities. The staff also took off time to socialize, play with and learn…
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Standard Chartered Bank Uganda unveiled its annual Repayment Holiday campaign encouraging its clients to take personal loans before 31 March 2022 to enjoy a repayment holiday of up to 75 days on loan amounts of up to UGX 250 million before their first instalment is recovered. During the campaign period, the Bank announced that loans are at a discounted Interest rate of 16% p.a. for New customers, 17% p.a. for Existing customers while for USD they are at 7% p.a. what’s more, the Bank has guaranteed its clients a response within 24 hours or pay UGX 500,000. The campaign is…
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Standard Chartered Bank Uganda, has for the fourth time in a row, been named the Best Consumer Digital Bank by Global Finance. Commenting about the win, Moses Rutahigwa – Head Consumer, Private and Business Banking, Standard Chartered Bank Uganda, said: “Winning the Best Consumer Digital Bank in Uganda for the 4th time in a row is feat, we are very excited about and so grateful for. We are also cognisant that the accolades we’ve won over the years wouldn’t have been possible without several factors, top of which is the adoption of our digital solutions by our clients so we…
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Standard Chartered Bank Uganda has unveiled its first Kiosk Bank outlet located at Capital shoppers in Ntinda. This launch marks the fruition of another strategic alliance/partnership between the Bank and Capital Shoppers which will see the Bank set up a number of similar outlets at various locations over time. Kiosk banking is a low-cost model which creates a new touchpoint located in a high traffic area where clients can access digital services with a human touch. With a resource personnel at hand within the Kiosk, clients are able to make instant enquiries and be efficiently and effectively serviced or supported…
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Standard Chartered Bank Uganda (SCBU), a subsidiary of the out-of-London global banking giant, Standard Chartered Plc, has bounced back into the industry’s top three largest banks, according to its just-released 2020 results. The results, published on April 30th 2021, show that SCBU regained its No.3 position in assets and deposits, which it lost to Absa Bank in 2019. It also maintained its third position on revenues. Assets grew by 21.5% from UGX3.2 trillion to UGX3.8 trillion, on account of a UGX 1.25 trillion lending book, increased cash and balances held with the central bank that grew from UGX347.2 billion…
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