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TodayWednesday, May 06, 2026

Uganda Banking Industry

A photo collage of top-performing Bank CEOs in Bancasurrance: From left to right; Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Uganda CEO, David Wandera.

Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion

The bancassurance market is increasingly consolidating around a small group of dominant lenders, with Stanbic, Absa and Centenary emerging as the leading distributors of insurance through banking channels. The Insurance Regulatory Authority
March 13, 2026
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Julius Kakeeto, Managing Director of Pearl Bank (formerly PostBank) (4th R), receives the Best Bank in Agriculture and Agro-processing award from Mona Mugume Ssebuliba, Chief Executive Officer of aBi Finance Limited (4th L). Looking on are Wilbrod Owor, Executive Director of the Uganda Bankers Association (extreme right), and Goretti Masadde, CEO of the Uganda Institute of Banking and Financial Services (4th L), alongside Pearl Bank staff, during the inaugural Bankers Awards. Pearl Bank also won the FinTech Partnership of the Year award.

Pearl Bank Wins Fintech Partnership and Best Bank in Agriculture at Inaugural Bankers’ Awards

Pearl Bank (formerly PostBank Uganda) wins Fintech Partnership of the Year and Best Bank in Agriculture and Agro-processing at the inaugural Annual Bankers Awards (ABA) Pearl Banks Managing Director, Julius Kakeeto, was
November 23, 2025
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Stanbic Bank Uganda senior leadership portraits featuring executives alongside key messages from the Keep Growing campaign, highlighting the bank’s commitment to financial inclusion, national development, and household prosperity.
Left–Right: Stanbic Bank Uganda’s senior leadership team — Tunde Thorpe, Catherine A. Poran, Paul Bitature Muganwa, Chief Executive Mumba Kalifungwa, Samuel Fredrick Mwogeza, Tichaona Makonese, and Grace Semakula — have each committed to leveraging their respective portfolios to power Uganda’s economic growth under the new Keep Growing campaign. The 18-month campaign reaffirms Stanbic’s renewed commitment to driving Uganda’s progress, expanding access to finance for women, youth, and farmers, and anchoring national development at a time when the wider banking sector is tightening credit.

Why Stanbic Bank’s Keep Growing Campaign Matters Now—As Uganda Faces Rising Credit Demand Amidst Sector Tightening

Stanbic Bank Uganda has launched a powerful new brand campaign—Keep Growing—positioned as both a celebration of Uganda’s resilience and a reaffirmation of the bank’s role in powering the nation’s long-term progress. Running
November 18, 2025
Peter Ssenyange, FCCA- CFO PostBank Uganda Limited the accolade for the most coveted CFO of the Year award from James Bantu, Assistant Auditor General at the Office of the Auditor General at the Chief Financial Officer Awards held on October 16th at the Kampala Serena Hotel

Impact and legacy-driven Financial Leadership Honored at 9th Uganda CFO Awards as PostBank’s Ssenyange Takes Top Prize

The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating excellence and
October 18, 2025
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Although it is the 25th bank to enter the commercial banking space, OBUL will hit the ground running as Uganda’s 23rd biggest bank by assets, 20th by lending and 17th by profitability- going by 2018 results.

What do we know about Opportunity Bank, Uganda’s latest commercial bank, which you probably did not know?

Opportunity Bank Uganda Limited (OBUL) on 25th September 2019 was awarded a Commercial Banking license by Bank of Uganda, becoming Uganda’s 26th Commercial Bank. This follows a lengthy vetting process after the
October 27, 2019
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