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 …
Read More »Andrew Opio crowned 2024 Stanbic Mug of Mugs champ, earns ticket for Nairobi tourney
Kampala, Uganda | THE INDEPENDENT | Andrew Opio was over the weekend crowned the Men’s Order of Merit winner for the 2024 Stanbic Mug of Mugs, achieving an impressive total of 756 nett points across ten tournaments. Opio’s remarkable achievement sets the stage for his upcoming participation in the Finaritu …
Read More »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 …
Read More »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 …
Read More »Now Stanbic’s “Oli Sorted” Campaign offers 100% home financing
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has unveiled its new “Oli Sorted” campaign, offering Ugandans 100% home financing alongside a variety of other financial solutions. This 90-day initiative, timed with the back-to-school season, allows parents to borrow up to Shs 350 million in unsecured personal loans for school fees …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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