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Standard Chartered Bank has announced a series of top leadership changes across its African operations, naming Nigerian banker Dalu Ajene as its new Chief Executive Officer (CEO) for Africa. The appointment comes amid the impending retirement of Kariuki Ngari, who has been serving in a dual role as Africa CEO and Kenya chief executive. Biju Sanghrajka has been appointed as Ngari’s successor in Kenya. Dalu Ajene appointed CEO, Africa On January 20, 2026, Standard Chartered announced the appointment of Dalu Ajene as Chief Executive Officer for Africa, with dual responsibilities as Head of Coverage for Africa. In this role, Ajene…
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dfcu Bank has reaffirmed its commitment to transforming Africa’s trade landscape through inclusive financial solutions, policy advocacy, and ecosystem partnerships. Speaking as a keynote speaker at the high-level gathering, Annette…
dfcu Bank, a cornerstone of Uganda’s financial landscape with a 60-year legacy rooted in development finance, has launched its latest business lending campaign aimed at empowering small and medium enterprises (SMEs) across the country. The initiative is a clear demonstration of dfcu Bank’s unwavering commitment to transforming lives, businesses, and communities through tailored financial solutions that cater to the unique needs of various business sectors. Speaking about the campaign, Annette Kiconco – dfcu’s Chief Retail Banking Officer said,; the business lending campaign is a testament to the bank’s commitment to providing small and medium enterprises with the financial tools they…
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Standard Chartered Bank has contributed to the World Trade Board’s new plan to drive greater access to trade finance for MSMEs, the Financial Inclusion in Trade Roadmap. Launched on the 27th of March 2023, for consultation, the plan identifies five key areas where coordinated action can make a significant impact. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration. MSMEs make up around 90% of businesses globally but accounted for only 23% of applications for trade finance in 2020. Despite their low representation, these smaller firms made up…
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International trade has been recognized as Africa’s answer to overcome the disadvantages of the continent’s relatively small economies. Unfortunately, such trade is hampered by various factors, key among which is Access to affordable finance or facilities. For many African countries, Uganda inclusive, the cost of finance is prohibitive, and the options are limited. In many cases, financial institutions require a suite of documents, information and security before advancing facilities for trade purposes. Most financial institutions insist on taking mortgage facilities, coupled with a charge over the entire assets and undertakings of a borrower. As a result, the number of traders,…
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By Michael Jjingo “The goal of a successful trader is to make the best trades. Money is secondary”, Alexander Elder. Trade Finance is the financing of goods or services in a trade or a transaction, from a supplier through to the end buyer. Generally, trade finance supports trade, contract and project financing. Trade Finance entails a variety of financial instruments/ facility structures that can be used by an importer or exporter or contractor. These structures include: Pre-import and post-export Finance, Structured Commodity Finance, Invoice Finance (Discounting & Factoring), Supply Chain Finance (Supplier, buyer, factor), Letters of Credit (LCs) and; Bonds…
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As part of its continued efforts to support businesses amidst numerous challenges presented by the impact of COVID-19, dfcu Bank is offering unsecured bid bonds of up to UGX 500,000,000 to support traders and contractors in the management of their working capital and secure contracts. “Contractors in road construction, building and civil works, water and electrical installations, consultants and suppliers with contracts in agricultural inputs, security installations and ICT, can now access unsecured bid bonds within 5 hours, with no need for security and payment of arrangement fees,” the bank pledges, in a media statement sent to CEO East Africa…
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