Stanbic Bank

Stanbic Bank Uganda at a Crossroads: Can Mumba Kalifungwa Reignite the Blue Spark of Yesteryears?

Muhereza KyamuteteraThe Big StoryMay 16, 2025May 16, 2025

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…

Who is David Wandera, the newly appointed Managing Director of Absa Bank Uganda?

Paul MurungiThe Big StoryMay 8, 2025May 8, 2025

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…

The Umeme buyout heat that is threatening to turn chaotic

Paul MurungiEast AfricaIndustry & AnalysisNews & AnalysisThe Big StoryMarch 28, 2025March 28, 2025

The current rope pulling and shoving offer an insight into what is turning out to be an interesting twist in the exit of Umeme.  Until a few days ago, the…

Paul Muganwa Joins Stanbic Uganda Board, Strengthens Leadership at the Helm of Corporate & Investment Banking

Muhereza KyamuteteraCompany NewsMarch 27, 2025March 27, 2025

Stanbic Bank Uganda has announced the appointment of Paul Muganwa as an Executive Director on its Board, in addition to his existing role as Head of Corporate & Investment Banking…

Uganda Gov’t plans to borrow over UGX 5.8 trillion in a single sitting amid rising debt concerns

Paul MurungiEast AfricaFinanceMinistries, Agencies & DepartmentsNews & AnalysisThe Big StoryMarch 25, 2025March 25, 2025

A leaked memo from the Office of the Prime Minister reveals that the government of Uganda plans to review and possibly approve borrowing proposals amounting to over USD 1.6 billion…

Meet the Big Bankers Bossing the Bancassurance Sector

Paul MurungiBanking & InsuranceNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders.  During the…

Mumba Kalifungwa Takes Helm at Stanbic Bank Uganda

Muhereza KyamuteteraCompany NewsThe Big StoryMarch 3, 2025March 3, 2025

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…

Govt seeks to borrow UGX697b from Stanbic Bank to fund Umeme buyout 

Paul MurungiAfricaEast AfricaFinanceMinistries, Agencies & DepartmentsNews & AnalysisThe Big StoryFebruary 17, 2025February 17, 2025

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Uganda’s private sector registers decline in business conditions-Stanbic Bank survey

Paul MurungiBanking & InsuranceCompany NewsFinanceICTIndustry & AnalysisManufacturingNews & AnalysisThe Big StoryFebruary 6, 2025February 6, 2025

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Stanbic Bank rolls out new Campaign to ease credit access for women and youth

Brian EmorutCompany NewsFinanceJanuary 23, 2025January 23, 2025

Stanbic Bank Uganda has unveiled a new campaign dubbed Kiri SupaDupa which aims at breaking barriers to access to finance for newly employed individuals especially the youth. According to the…