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Kampala Associated Advocates (KAA) has been tapped to represent Stanbic Bank Uganda and its parent, Stanbic Uganda Holdings Limited, in one of the largest transfer-pricing disputes to reach the Tax Appeals Tribunal (TAT) in recent years — a case carrying a working exposure figure of roughly UGX 117.8 billion. The case, filed by KAA in June 2025 under TAT Application No. 170 of 2025, challenges an assessment by the Uganda Revenue Authority (URA) arising from years of intra-group charges, franchise fees, technology cost allocations and profit-sharing arrangements between Stanbic and its parent entities. At its core, the dispute tests how…
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Crested Capital, a leading investment advisory firm and licensed broker on the Uganda Securities Exchange (USE), has unveiled the inaugural edition of its “Black Diamonds” list — a quarterly watchlist…
Stanbic Uganda has announced the appointment of Catherine Poran as the first female Chief Executive Officer of the Stanbic Business Incubator, effective July 1, 2024, 2024. Poran succeeds Tony Otoa and brings a wealth of experience in business management, strategic planning, and risk management making her the ideal leader for the role. Stanbic Business Incubator is dedicated to nurturing and building the competitive capacity of local entrepreneurs and start-ups by providing a range of services, including business mentorship, training, and funding, to help enterprises access financing opportunities to facilitate their growth. It is a subsidiary of Stanbic Uganda Holdings Limited…
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Stanbic Bank Uganda has, today announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024, until substantive appointments for the positions are made. In a public statement, the bank said that “the interim appointment of Mwogeza, who is currently the Executive Head of Personal and Private Banking (PPB) follows the end of Anne Juuko’s executive tour of duty at the end of this month and subsequent transition to another leadership role as Global Markets Regional Head for East Africa, effective April, 2024”. Dokoria’s interim appointment to the…
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Stanbic Uganda Holdings Limited (SUHL), a franchise of the Standard Bank Group—Africa’s largest commercial lender by assets, has announced a profit after tax of UGX412 billion for the period ending December 2023 representing a 15.2 per cent growth from UGX357 billion earned the previous year. Trading on the Uganda Securities Exchange as Stanbic Uganda Holdings Limited (SUHL), it runs five business units including Stanbic Bank—the anchor subsidiary, Stanbic Properties (in real estate), SBG Securities (in stock brokerage), Stanbic Business Incubator (SME training), as well as FlyHub (in technology solutions) collectively employing nearly 2000 people. SUHL Chief Executive Francis Karuhanga attributed…
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Anne Juuko’s elevation from Stanbic Uganda’s Chief Executive role to Global Markets, Regional Head for East Africa, which CEO East Africa Magazine broke days ago has now been confirmed. On February 23 2024, this magazine broke the story that following her impressive performance and given her rich experience in the global markets business, Juuko had been elevated to a regional role. In a public announcement, Patrick Mweheire, the Standard Bank Regional Chief Executive for East Africa, under whose docket Uganda falls, told staff that “Anne Juuko has been appointed to a new leadership role as Global Markets, Regional Head for…
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In a March 2023 interview with Bloomberg, Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, told of the Group’s ambitions for the Kenyan market, revealing that the Group was looking to make a major acquisition by 2025, a milestone if achieved, would propel Stanbic Kenya to the top three banks in the country. As regional East African Chief, Mweheire’s jurisdiction covers Kenya, Uganda, Tanzania, Ethiopia, Malawi and South Sudan. Standard Bank Group through Stanbic Africa Holdings Limited, owns 70.53% of Stanbic Holdings Plc Kenya, which in turn owns 100% of Stanbic Kenya Limited, alongside other subsidiaries⏤…
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The bank which is the biggest lender with 21% of the market share, in 2020 restructured UGX800 billion of loans, giving room to clients to get back on their feet. Thanks to this stitch-in-time, coupled with the consistent matching of interest rates with the Central Bank Rate enabled customers to regain stamina and by 2021 the value of restructured loans was reduced to UGX197 billion. By the end of 2022, this was further brought down to just UGX 14.5 billion. Bad loans in the same pool were just UGX 26 billion. It is therefore no surprise that the bank saw…
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Patrick Mweheire, the Stanbic Bank Uganda, Chief Executive Officer will be leaving his job for a yet to be named regional role within the Standard Bank Group, when his contract expires at the end of this year, CEO East Africa Magazine has confirmed from various sources within the banking industry in Uganda and in Nairobi. We also understand that the race to replace him is in advanced stages with three contenders for the job being Sam Mwogeza; the bank’s current Chief Finance Officer, Kevin Wingfield; the current Head, Personal and Business Banking as well as Anne Juuko, a Ugandan working…
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