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Tag Archives: stanbic bank

Stanbic Bank appoints Mumba Kalifungwa as new CEO

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has named Mumba Kenneth Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, following regulatory approvals. Mumba, who succeeds Anne Juuko, brings nearly 30 years of professional experience, including over 20 years in senior roles across the banking sector in …

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Stanbic scoops an award

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda received the 2024 ‘Best Corporate Banking Services’ award during a recent high-profile event hosted by Consumers Choice Awards (CCA) and graced by Amelia Anne Kyambadde, the Senior Presidential Advisor on Industry. This is the sixth edition of the awards specifically organized by …

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NEMA Awards Stanbic Bank for environmental protection

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited has been recognized by the National Environment Management Authority (NEMA) for its proactive efforts to promote environmental protection and preservation through the adoption of innovative technologies and implementation of afforestation initiatives. This was during the National Sustainability Awards 2024 at …

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Stanbic’s new lending campaign

Kampala, Uganda | THE INDEPENDENT | Ugandans hoping to live under their roof have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign dubbed “Oli Sorted” launched May 23. The 90-day campaign which targets the back-to-school season also enabled parents to borrow …

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Stanbic waives arrangement fees under new loan drive

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has announced a new facility that will enable its customers to access an unsecured loan of up to 350 million without any arrangement fees. The campaign dubbed Oil Sorted will be running for the next ninety days. The unsecured loan also covers the …

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House stays rationalisation of Asian property board and NPART pending audit

Kampala, Uganda | THE INDEPENDENT | The rationalisation of the Non-Performing Assets Recovery Trust (NPART) and Departed Asians Property Custodian Board will only be concluded after an audit, Parliament has directed. On Tuesday, April 23, 2024, Parliament debated the Non-Performing Assets Recovery Trust (Amendment) Bill, 2024 that purposes to dissolve the …

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Private sector report: Business was low in March

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector completed the third quarter (January-March) of this financial year on a lower note as firms reported lower business across the main economic sectors. The deterioration in business conditions during March, marked the end of a 16-month upward improvement trend in the health …

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Safaris Director arrested over shs.326 million fraud

Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded Sheenah Ndamiya the Director of Kadodi 256 Ndamiya Safaris Limited on charges of electronic fraud of more than 326.9 million shillings. Ndamiya was on Tuesday arraigned before Court presided over by Grade One Magistrate Winnie Nankya Jatiko. …

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