Stanbic Bank Uganda has launched a powerful new brand campaign—Keep Growing—positioned as both a celebration of Uganda’s resilience and a reaffirmation of the bank’s role in powering the nation’s long-term…
It began over dinner at Nairobi’s exclusive Muthaiga Club, an establishment where East Africa’s captains of industry often mix business with leisure. As Patrick Mweheire, then Regional Chief Executive of…
A new chapter in Uganda’s digital finance landscape is quietly unfolding as Stanbic’s FlexiPay and Pearl Bank’s (formerly PostBank) Wendi Wallet join forces to create one of the country’s most powerful interoperable payment ecosystems. Together, the two will drive over UGX 6 trillion in annual digital transactions, merging liquidity, inclusion, and innovation into a seamless financial network that connects over 1.5 million Ugandans. Fillings contained in the two banks’ 2024 financial reports tell of a partnership that could shape a new revolution in Uganda’s e-money ecosystem. Yet it introduces a new chapter of partnerships that will likely reshape how…
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Ugandan investment banker Anne Aliker has been appointed Head, Africa Regions – Corporate and Investment Banking (CIB) at Standard Bank Group, Africa’s largest bank by assets. Her appointment marks a major milestone not only in her distinguished career but also in the growing presence of Ugandan professionals in senior leadership roles across Africa’s financial sector. It also underscores Standard Bank Group’s continued commitment to developing African leaders to drive the continent’s growth. Luvuyo Masinda, Chief Executive of Corporate and Investment Banking at Standard Bank Group, said the appointment aligns with the bank’s vision to strengthen its leadership capacity and expand…
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Stanbic Bank Uganda’s Chief Finance and Value Management Officer, Ronald Makata, is the standout achiever at the 9th edition of the Uganda CFO Awards 2025, held last evening in Kampala, under the theme “CFO Vision: Creating Impact and Legacy.” Makata distinguished himself as a triple honouree, scooping top accolades in Compliance and Governance, Finance Transformation and Technology, and securing the First Runner-Up position for CFO of the Year—a testament to his exceptional leadership, strategic foresight, and impact in redefining finance excellence within Uganda’s banking sector. The CFO Awards, jointly organised by Deloitte Uganda and ACCA Uganda, celebrate finance professionals who…
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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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Stanbic Bank Uganda has for years stood tall as the country’s largest and most profitable commercial bank. From balance sheet dominance to steady profit leadership, the bank has long held the crown in Uganda’s financial industry. Yet, beneath the surface of consistent profits lies a shifting competitive landscape. The once clear lead is steadily narrowing, and a new question arises: Can Stanbic maintain its dominance in the face of sharper, faster rivals? And more critically, can its new CEO, Mumba Kalifungwa, reignite the growth momentum that once made Stanbic not just a giant, but a trailblazer? More Than a Decade…
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Absa Bank Uganda has announced the appointment of David Wandera as its new Managing Director, effective 5 May, 2025, following regulatory approval from the Bank of Uganda. He succeeds Mumba Kalifungwa who joined Stanbic Bank, and therefore, becomes the first Ugandan to hold the position in the bank’s more than 90-year history in Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this appointment, he served as Executive Director charged with the responsibility of delivering operational efficiencies within Absa Bank Uganda. He played a critical…
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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…
Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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