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March 23, 2026
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    Stanbic Holdings

    Stanbic Bank CEO Mumba Kalifungwa Delivers UGX 591 billion Profit in First Year

    Paul MurungiThe Big StoryMarch 23, 2026March 23, 2026

    Kenneth Mumba Kalifungwa’s first year as Chief Executive of Stanbic Bank Uganda delivered a strong profit performance. However, beneath the headline numbers lies a more nuanced story of growth, rising…

    A photo montage of Knight Frank’s Judy Rugasira Kyanda, Broll Property’s Moses Lutalo, Quality Chemical’s Ajay Kumar Pal, Stanbic Bank CFO Ronald Makata, MTN CFO Andrew Bugembe, and Innovex’s Douglas Baguma. Uganda’s CEOs and CFOs are navigating a tight-liquidity economy where money is costly and slow-moving. Discipline, smarter capital allocation, and tighter risk management now define survival as companies rethink growth, debt, and currency exposure.

    Surviving in a Cash-Crunch Economy: How CEOs, CFOs are Managing Debt, Forex, and Capital in a Tight Liquidity Market

    Jeff WintersThe Big StoryNovember 17, 2025November 19, 2025

    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…

    NCBA Shares Surge as Standard Bank’s Two-Year Courtship Nears the Finish Line

    Paul MurungiBanking & Financial ServicesThe Big StoryOctober 15, 2025October 22, 2025

    Shares of NCBA Group Plc have hit an all-time high of KSh 75.25, rising 8.27 percent from KSh 69.50, after confirmation that Africa’s largest lender, Standard Bank Group Ltd., is…

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    Latest Stories

    • Stanbic Bank CEO Mumba Kalifungwa Delivers UGX 591 billion Profit in First Year
      by Paul Murungi
      March 23, 2026
    • Equity Bank Rwanda headquarters in Kigali and Managing Director Hannington Namara. Authorities in Uganda have arrested six suspects linked to a cross-border digital fraud targeting the bank, as investigations into the multi-million-dollar heist continue.
      6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist
      by CEO East Africa Magazine
      March 22, 2026
    • Why April–June is Known as the Transfer Window in Uganda’s Banking Industry
      by Muhereza Kyamutetera
      March 22, 2026
    • Stanbic Accelerates Uganda’s Digital Future with “Kikole Ku Speedii” Campaign
      by Brian Emorut
      March 20, 2026
    • I&M Bank Spreads Ramadan Hope with Food Hampers to Families in Gayaza and Bweyogerere
      by Brian Emorut
      March 20, 2026
    • Ruparelia Group Wins Key Entebbe Land Case, Clearing Path for the New Mega Speke Resort and Convention Centre, Entebbe
      by Muhereza Kyamutetera
      March 19, 2026
    • IHUNDE RESORT: A Lakeside Sanctuary on Bulago Island, Lake Victoria
      by Namulwana Hilda Victoria
      March 19, 2026
    • Katikkiro Mayiga hails JCRC, Pearl Bank, Rotary over USD 4 million bone marrow facility drive
      by Paul Murungi
      March 18, 2026
    • World Bank bans PwC Africa, Rwanda and Kenya affiliates from Bank Group-financed projects over fraudulent practices
      by Paul Murungi
      March 18, 2026
    • Easter 2026: Turn the Holiday into an All-in-One Staycation Experience at Speke Resort Munyonyo
      by Brian Emorut
      March 18, 2026

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    CEO East Africa
     
    Thought Leadership
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      • Legal & Justice
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      • Sponsored Content
      • Agriculture & Agro-industry
    • Leadership & Governance
      • CEO Perspectives
      • Executive Profiles
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      • Entrepreneurship
      • Transitions & Succession
      • C-Suite Leadership
      • Boards & Governance
      • Thought Leadership
      • Ugandans Excelling Abroad
    • Lists & Rankings
      • 100 Leading & Admired CEOs
      • 100 Most Trusted & Respected Companies
      • 100 Women Fixing Uganda
      • Billionaires
      • 100 Women in Finance
      • 50 Leading CFOs
      • 50 Leading CHROs
      • CEO Of The Week
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      • Top 50 CMOs
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