Stanbic Bank Uganda
More Stanbic Bank Uganda
Umeme borrows $50 million to fund grid expansion
Umeme is borrowing $50 million from the the International Finance Corporation and various banks to upgrade and expand its medium voltage transmission lines and substations, and to fund the installation of more prepaid meters across the country.
Patrick Mweheire on Uganda’s prospects, oil, and interest rates
Uganda is not very good at promoting itself, says Patrick Mweheire, Stanbic Bank Uganda's chief executive. The country has very many unexplored economic opportunities, and is a key component in sub-Saharan Africa's growth prospects; this however, barely features in our media, he said.
Stanbic borrows from international markets for lending in Uganda
Stanbic Bank Uganda, the country's biggest bank by assets, is borrowing $55 million in Dubai for lending in Uganda. The bank says it reached an agreement with Emirates NBD Capital Limited and four other banks for the two-year loan facility.
Stanbic Bank Uganda half-year profits up 57%
Stanbic Bank Uganda has released unaudited half year results showing net profit up 56.9%, while total operating income rose 28%.
Executive Profile: Patrick Mweheire
Mweheire, 46, is the first Ugandan to head Stanbic Bank since 2002 when Standard Bank became majority shareholder. He joined the bank in June 2012 as head of the Corporate and Investment Banking Division.









