How Stanbic Bank Is Transforming Livelihoods Of Palm Farmers In Kalangala

Stanbic Uganda Holdings leaders, led by Mark Ocitti Ongom and Mumba Kalifungwa, pose for a group photo with stakeholders during a customer engagement session at Brovad Sands Hotel in Kalangala District. When David Balironda Mukasa walks through his oil palm plantation in the island district of Kalangala, he sees more than a source of income….

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Stanbic Starts Direct Yuan Settlements For China Trade

Stanbic Bank has launched access to China’s Cross-Border Interbank Payment System (CIPS), allowing Ugandan businesses to settle trade transactions directly in Chinese yuan (renminbi/RMB) and reducing reliance on the US dollar. This development positions Stanbic, part of the Standard Bank Group, as the first financial institution in the country to offer the integration. It was…

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