In a few weeks, Stanbic Bank Uganda — the country’s largest commercial bank — will release its full-year 2025 results. If its first-half performance is any indication, the bank is likely to report positive growth across most of its core fundamentals. Stanbic Uganda Holdings Limited (SUHL), where Stanbic Bank remains the anchor subsidiary and principal value driver, recorded a sharp acceleration across its balance-sheet metrics in H1 2025. Customer deposits grew to UGX 8.44 trillion, a 28.9% year-on-year increase from UGX 6.55 trillion in June 2024. That liquidity expansion translated into measured loan growth, with loans and advances rising to…
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The National Social Security Fund (NSSF) has appointed Kenneth Owera as its substantive Chief Investment Officer (CIO). He will steward the Fund’s UGX28 trillion investment portfolio with the target of…
In a rapidly evolving financial landscape, Stanbic Bank is strengthening its role as a trusted companion for individuals and families seeking to build and preserve generational wealth. According to Bernice Kamahunde Mvano, the Stanbic head of wealth and investment, the bank is committed to supporting Ugandans at every stage of their financial journey. “Every client is on a journey. We are all growing in age, in our families, businesses, and personal lives. Therefore, it’s important for people to know that growth is constant, and our role as a leading financial institution is to walk with our clients and their families,…
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Anne Juuko, previously the Regional Head, East Africa for Global Markets at Standard Bank Group, has resigned her role effective 30th November 2025, CEO East Africa Magazine can exclusively reveal. Her departure — now confirmed through highly placed internal sources and a confidential communication seen by this publication — brings to a close a 13-year career at Africa’s largest banking group, during which she rose to become one of the most influential financial sector leaders in the region. According to the internal memo, Juuko’s exit marks the end of a distinguished leadership journey that began in 2012 and saw her rise through…
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Standard Bank Group, Africa’s largest lender by assets, has officially entered the Egyptian market, opening a representative office in Cairo. The move marks one of the bank’s most significant North African expansions in recent years. The Group, which trades as Stanbic in much of Africa, officially launched the representative office on 12 November 2025. While not yet a fully licensed commercial bank, the new office will offer corporate, investment, and advisory services as Standard Bank seeks regulatory approval to begin full banking operations in Africa’s third-largest economy. Group CEO Sim Tshabalala described Egypt as a “strategic gateway” for connecting capital…
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It began over dinner at Nairobi’s exclusive Muthaiga Club, an establishment where East Africa’s captains of industry often mix business with leisure. As Patrick Mweheire, then Regional Chief Executive of…
Ugandan investment banker Anne Aliker has been appointed Head, Africa Regions – Corporate and Investment Banking (CIB) at Standard Bank Group, Africa’s largest bank by assets. Her appointment marks a major milestone not only in her distinguished career but also in the growing presence of Ugandan professionals in senior leadership roles across Africa’s financial sector. It also underscores Standard Bank Group’s continued commitment to developing African leaders to drive the continent’s growth. Luvuyo Masinda, Chief Executive of Corporate and Investment Banking at Standard Bank Group, said the appointment aligns with the bank’s vision to strengthen its leadership capacity and expand…
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Stanbic Bank Uganda’s Chief Finance and Value Management Officer, Ronald Makata, is the standout achiever at the 9th edition of the Uganda CFO Awards 2025, held last evening in Kampala, under the theme “CFO Vision: Creating Impact and Legacy.” Makata distinguished himself as a triple honouree, scooping top accolades in Compliance and Governance, Finance Transformation and Technology, and securing the First Runner-Up position for CFO of the Year—a testament to his exceptional leadership, strategic foresight, and impact in redefining finance excellence within Uganda’s banking sector. The CFO Awards, jointly organised by Deloitte Uganda and ACCA Uganda, celebrate finance professionals who…
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If the long-rumored Stanbic–NCBA merger or buyout becomes reality, NCBA shareholders could emerge as the biggest winners in East Africa’s next major banking shake-up. The market already seems to agree. When news of a possible deal surfaced this week, NCBA’s market value jumped from about UGX 2.9 trillion to UGX 3.15 trillion in a single day, while its share price surged nearly 9%. Year-to-date, the stock has risen 56%, and over the past 12 months, it has gained nearly 78%, a clear sign that investors are betting on a major payout. Large takeovers typically come with a buyout premium of…
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Effective today, September 1st, Joshua Nyamweya Oigara takes over the helm of Standard Bank’s East Africa operations, becoming Regional Chief Executive for a cluster that includes Stanbic Bank Kenya, Stanbic Bank Uganda, and Stanbic Bank Tanzania. Standard Bank — headquartered in Johannesburg — is the largest bank on the African continent by assets, with over USD 170 billion in total assets, operations in 20 sub-Saharan markets and offshore hubs, and a reputation for financing Africa’s largest corporate and infrastructure deals. In East Africa, Stanbic operates across diverse market share zones — from its outright leadership position in Uganda, to a…
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