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…
Otoa is now leaving Stanbic Business Incubator Ltd to take up a new Chief Corporate Affairs Officer role at the Uganda National Oil Company (UNOC)⏤ a wholly government of Uganda-owned company that runs the government’s commercial interests in the upstream, midstream, and downstream oil and gas sectors. He joins UNOC just in time- as the country ramps up activities towards first oil, but also amidst a thickening anti-fossils energy transition agenda, itself oiled by climate change. He is however not an outsider in the mainstream oil and gas business, having been, between September 2013 – June 2018, the Public Affairs…
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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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