Margaret Kigozi Namulindwa has been appointed as the Head of Corporate Affairs, Brand and Marketing, Standard Chartered Bank Uganda. Margaret joins Standard Chartered Bank from Coca-Cola South & East African Business Unit where she held several roles including, Head of Marketing for Uganda, Ethiopia & HORN Markets and most recently, Category Lead for the Flavor Brands in over 13 markets in Sub-Saharan Africa. Margaret possesses proficiency in developing Brand Strategies, connecting with consumers through relevant communication and execution of successful Marketing campaigns gained through 19 years of Marketing experience while working for both Coca-Cola and Unilever. Margaret holds a Bachelors degree in Development…
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Standard Chartered Bank Uganda in partnership with their NGO partner Voluntary Service Overseas have launched a Youth Empowerment, Entrepreneurship and Decent Employment programme worth UGX1,056,000,000. The March 3, 2022 launch was a hybrid event with over 60 guests at the Kampala Serena Hotel and hundreds of attendees online. The Project targets 500 youth from Kampala and Wakiso districts and will be implemented not only in partnership with Voluntary Service Overseas but also Kampala Capital City Authority, WAKISO District Local Government and Rural Effort for Action and Development (READ). This program will be tailored to suit diverse youthful audiences, providing them…
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Standard Chartered (the Group) has announced the appointment of Dr. Sandie Okoro as Group General Counsel. She will be reporting to Group CEO, Bill Winters and be based in the UK. Dr. Okoro is currently Senior Vice President and World Bank Group General Counsel, and Vice President for Compliance at the World Bank, and will join the Group in early-April 2022. Speaking about the appointment, Bill Winters said: “We’re delighted to have a General Counsel of Sandie’s calibre joining Standard Chartered. Her extensive experience, industry achievements and accomplishments, and focus on championing social justice make her ideally suited for the…
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Roselyn Najjuma is the Head, Transaction Banking at Standard Chartered Bank Uganda She joined the bank in 2020. Najjuma brings on board a wealth of experience and expertise in the financial services industry with regional expertise gained over a career spanning 15 years. She previously worked at Stanbic bank Uganda for 6 years having joined them as the Head, Products in 2014 overseeing the Lending, Liabilities, Card, Bancassurance and Vehicle and Asset Finance solutions for Personal and Business banking. She was later appointed the Head Customer Journeys tasked with leading the Stanbic’s innovation and digitisation agenda in 2018. Roselyn started…
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Herman Kasekende, a Ugandan, currently, the Managing Director of Standard Chartered Bank Zambia is highly likely to join Centenary Bank as its next Executive Director, impeccable sources, knowledgeable about the matter have told CEO East Africa Magazine. According to reliable sources at Bank of Uganda and within Standard Chartered Bank, the veteran Banker, will however have to win the approval of Bank of Uganda, as required by the Financial Institutions Act. When CEO East Africa asked Fabian Kasi, the Managing Director Centenary Bank, about this development- he neither denied nor confirmed the development, but simply told us, “no approvals yet.”…
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The Bank of Uganda in collaboration with the Ministry of Finance, Planning and Economic Development, has this afternoon announced that it has undertaken reforms to the Government securities market as part of the process of increasing efficiency and enhancing liquidity in the financial market. The announcement was made by Governor Emmanuel Tumusiime Mutebile who noted that these reforms have in part included automation of the auction processes to enhance efficiency and price transparency, which has increased the global visibility of Uganda’s financial markets. ‘’While these reforms have been successful in promoting a vibrant primary market, challenges nonetheless remain in the…
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Standard Chartered Bank has scooped major awards in Round One of the 2020 World’s Best Consumer Digital Banks Awards in Africa by Global Finance. Round One winners include Best Consumer Digital Banks, Best Corporate/Institutional Digital Banks and the best Islamic Digital Banks at the country level. Also announced were regional winners in sub-categories such as best information security & Fraud management, Best Mobile Banking App and Most Innovative Digital Bank. Round Two will be announced in October. An August 12, 2020 press release by Global Finance reveals that winners were selected in Africa, Asia-Pacific, Central and Eastern Europe, Latin America,…
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Standard Chartered Bank and Airtel Africa have today announced a partnership aimed at promoting financial inclusion across African key markets by providing customers with increased access to mobile financial services. The collaboration will see Standard Chartered Bank and Airtel Africa work together to co-create new and innovative products aimed at enhancing the accessibility of financial services and, serve the people across Africa better. Commenting on the collaboration, said Sunil Kaushal, Standard Chartered Regional CEO, Africa, and Middle East said; “By collaborating with innovative organisations like Airtel Africa, we are accelerating our mobile and digital-led strategy to provide best in class…
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The uncertainties surrounding the February 2021 polls could slow Uganda’s recovery from the battering by the Coronavirus pandemic as investors withhold investments until after the polls. According to the Standard Chartered Bank country briefing, there is an expected increase in spending in the run-up to 2021 which should boost economic activity. The 2020/21 budget will see an increase in spending by 13 per cent even when the country is expected to hold virtual campaigns. But this boost from electoral spending will be reduced by an increase in polls uncertainty, Stanchart’s head of Africa Research Raziah Khan said. This will see…
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Uganda’s electricity distributor, Umeme Limited has secured a USD70m (UGX258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the syndicate including Stanbic Bank Uganda Limited, Standard Chartered Bank and the Dutch Development Bank (FMO). According to an earlier notice by IFC on their website, IFC said they would contribute a senior loan for up to USD30 million while USD40 million would be mobilized from other lenders. In a media statement, Mr. Selestino Babungi, the Umeme Managing Director, said he was pleased with the conclusion of the fundraising…
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