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How Stanbic Bank CFO Ronald Makata Blends Governance, Technology and Human Leadership to Drive Performance Fresh from a standout performance at the 9th edition of the Chief Financial Officer Awards 2025– an initiative of ACCA Uganda and Deloitte Uganda. Ronald Makata, the Chief Financial Officer of Stanbic Bank Uganda, recently earned recognition that reflects his growing influence in the financial services industry. He was recognised as a triple honouree, winning the Compliance and Governance Award, the Finance Transformation and Technology Award, and earning the position of First Runner-Up for CFO of the Year. In a wide-ranging conversation with CEO East…
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Money remains expensive in Uganda. Bank of Uganda has kept its Central Bank Rate (CBR) at 9.75% since August 2025, one of the longest periods without adjustment. The message is clear: maintain macro stability in a world still shaken by global shocks, even if it means keeping domestic credit costly. In practice, this stance raises funding costs for banks, which then pass them on to businesses and households. Inflation eased to 3.4% in October, down from 4% in September, but that only widens the spread between the policy rate and inflation—now over 600 basis points. This makes Uganda’s real interest…
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The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating…
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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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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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…
Serving as Chief Finance Officer is the dream for most finance professionals; could you please share with us your journey to becoming Chief Finance and Value Management Officer (CFVO) at the country’s largest lender, Stanbic Bank? It has been a typical banker’s career journey. I started in 2002, as a teller, with the then, Barclays Uganda (now Absa Bank Uganda). Through the years, I have been intentional about self-improvement, growing both technical finance and soft skills such as communication, interpersonal relations, and many others. I first joined the finance department in 2006 as a financial reporting officer—this role was the…
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Jumia, a leading e-commerce firm, has announced a partnership with Stanbic Bank that will see all consumers that pay using Stanbic Visa card get free delivery on all items purchased on Jumia (including Jumia Food) for a period of three months. This offer will be implemented in the upcoming Jumia Black Friday campaign and throughout the festive season. Speaking at the official launch of the partnership held at Jumia office in Kampala, Stanbic Bank Head of Banking, Ronald Makata said, the bank is very pleased to be partnering with one of the biggest e-commerce platforms in Uganda to promote a…
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