Last week’s signing between the Government of Uganda and Standard Chartered Bank offered a reminder of the institution’s enduring strength. The €641.1 million (UGX 2.75 trillion) financing package, covering power transmission, strategic water projects, and critical oil roads, underscored Standard Chartered’s continued ability to mobilise long-tenor, cross-border capital for projects few banks in Uganda can structure or underwrite. This capability is anchored in the balance sheet and credibility of its global parent. It is also a reminder that although the bank has chosen strategic shrinkage, by agreeing to sell its retail and wealth business to Absa Uganda, it remains a…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
