In a landmark partnership that signals collaboration over competition, Pearl Bank Uganda (formerly PostBank Uganda), a leading government-owned financial institution and Stanbic Bank Uganda, the country’s largest commercial bank, have…
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’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025. This was a nearly an increase of…
For most working Ugandans, the dream of owning a decent home remains just that—a dream. With soaring construction costs, high interest rates, and a complex mortgage application process, many lower-middle-class…
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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Uganda’s bancassurance sector closed the second quarter of 2025 with Stanbic Bank, Centenary Bank, and Absa Bank securing commanding positions at the top of the market in both life and…
How does one remain relevant, energised, and impactful for two decades in the same institution? In this candid conversation with CEO East Africa Magazine’s Executive Editor, Muhereza Kyamutetera, Sonia Karamagi,…
In a significant step for Uganda’s banking sector, Cathy Adengo, the Head of Sustainability at Stanbic Bank Uganda, has been elected as the inaugural Chairperson of the Uganda Bankers’ Association…
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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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