Uganda

Greater liberalisation, openness and reinvestment into the local economy have contributed to Uganda’s strong GDP growth over the last 15 years, averaging around 6.6%. The country’s open regulatory regime is supporting a business-friendly environment for local and foreign firms.
Uganda at a glance

Uganda has one of the youngest and fastest growing populations on the African continent, with projections that the population will reach 90 million by 2050. It also has a large and vibrant informal sector, and entrepreneurial skills continue to flourish.

Inflation has been a concern but is forecast to fall to 4.7% in 2015 before rebounding slightly to 6.8% in 2016.

The discovery of oil in 2008 has been a game changer for this East African country, with production due to start around early 2018. It will make a significant contribution to GDP and drive growth through forex earnings.

Quick view:

  • Population: 36 350 000
  • Nominal GDP: USD24.9 billion
  • Real GDP growth: 5.4%
  • Consumer inflation: 4.7%

* 2015 forecast

Sector expertise in Uganda

In Uganda, we have extensive experience in oil and gas, linking clients to local and international players, and supporting growth in the industry. We are also deeply involved in power and infrastructure projects. As a major player in agriculture, we support client requirements for soft commodities such as coffee, tea and cotton. With penetration still low in financial services and telecommunications (especially in data), these sectors still offer great opportunity for growth.

Tourism in Uganda is an important growth sector along with consumer spending. Stanbic Bank provides private equity research into the retail environment for our clients to support their business decisions in this area.

Our sector specialists provide insights into the conditions and challenges faced on-the-ground by our clients. We develop working solutions by understanding all players in the sector value chain, and coordinate and execute our clients’ financing and banking requirements within and across continents. Moreover, we leverage the expertise of sector experts and product specialists at a group level to develop working solutions for our clients.

Read more about Standard Bank Group’s sector specialism.

Products and services in Uganda

Over the years, we have built a formidable reputation in the corporate and investment banking space. We have strong sector and product knowledge, and understand the unique character of business in Uganda; from banking, transaction and regulatory requirements, to the players and opportunities.

While local content is not legislated across all sectors, it is encouraged. We support foreign clients in finding suitable local partners who can connect them to the market and help to ensure that incentives are aligned to national priorities.

We offer a comprehensive range of lending and transactional products. To meet the increasingly sophisticated needs of our clients, we are extending our Global Markets capability. We dominate the local forex market and are the primary dealer in government securities. Our products and services include:

  • Transactional services
    • Cash management
    • International trade services
    • Online banking
  • Debt and equity finance
    • Term lending
    • Structured debt finance
    • Syndicated lending
    • Asset finance
    • Structured trade and commodity finance
    • Project finance
  • Trading and risk management
    • Foreign exchange
    • Money markets

Dedicated client relationship managers provide a single point of entry into Standard Bank’s full financial services competencies.

Read more about corporate and investment banking solutions for your business.

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Contact us

Stanbic Bank Uganda Limited

Crested Towers,  Short Tower
Plot 17 Hannington Road
P.O. Box 7131
Kampala
Uganda

 +256 312 224600

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