The Standard Bank Group has named Francis Karuhanga as the new Chief Executive for Stanbic Uganda Holdings (SUHL), the listed entity under which Stanbic Bank, Uganda’s largest bank is operated. SUHL is also the holding entity for the Group’s four other subsidiaries—Stanbic Properties Limited, SBG Securities, Stanbic Business Incubator, and FlyHub. Francis Karuhanga replaces Andrew Mashanda, who according to Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, will be taking on a new role within the Group—after December 31, 2023. “It is worth noting that Mr. Karuhanga has accepted to leave his current role as Group…
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After three years at the helm of Stanbic Uganda Holdings Limited (SUHL), Andrew Mashanda is set to leave the Chief Executive role, CEO East Africa Magazine can exclusively reveal. He will be taking up a yet-to-be-specified role within the Standard Bank Group, effective January 2024, according to our sources. Listed on the Uganda Securities Exchange, SUHL is Uganda’s largest financial and financial technology conglomerate. It is the mother company of Stanbic Bank—Uganda’s largest commercial bank, as well as four other subsidiaries⏤ Stanbic Properties, Stanbic Business Incubator, SBG Securities, and FlyHub. Mashanda’s three-year term at the helm of SUHL will come…
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A consortium of five organizations has today commissioned two studies to define business opportunities in the agriculture, and housing sectors linked to Uganda’s emerging oil and gas economy. This comes a day after government signed the Final Investment Decision (FID) for the crude oil pipeline, Tilenga and Kingfisher Oil development projects. The Consortium of partners includes Stanbic Bank Uganda, aBi Finance, Economic Policy Research Centre (EPRC), Stanbic Properties Limited, and the Petroleum Authority of Uganda (PAU)—– the government agency that monitors and regulates the exploration, development, production, together with refining, transmission, and storage of petroleum in Uganda. In one of…
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