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Kalangala Residents Get First Modern Bank Branch as Financial Inclusion Drive Hits Islands

The Homeland Newspaper by The Homeland Newspaper
September 11, 2026
in Business, Economy, News
0
Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, said the focus is on customer experience and inclusion for underserved groups on the islands.  “Customer experience remains at the core of our growth strategy. This refurbishment ensures that our customers in Kalangala enjoy a modern, reliable, and exceptional banking environment. Through our positive impact agenda, we remain fully committed to driving financial inclusion that specifically empowers women, youth, and farmers across these island communities,” Kalifungwa said.  He was accompanied by Sylvia Mulomi, Head of People and Culture, and local leaders.  The Kalangala upgrade is part of a broader countrywide modernization of branches and agency banking points. As Uganda’s largest bank by assets, Stanbic currently operates more than 83 branches and over 7,000 active agents across the country.

Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, said the focus is on customer experience and inclusion for underserved groups on the islands. “Customer experience remains at the core of our growth strategy. This refurbishment ensures that our customers in Kalangala enjoy a modern, reliable, and exceptional banking environment. Through our positive impact agenda, we remain fully committed to driving financial inclusion that specifically empowers women, youth, and farmers across these island communities,” Kalifungwa said. He was accompanied by Sylvia Mulomi, Head of People and Culture, and local leaders. The Kalangala upgrade is part of a broader countrywide modernization of branches and agency banking points. As Uganda’s largest bank by assets, Stanbic currently operates more than 83 branches and over 7,000 active agents across the country.

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Residents of the Ssese Islands are set to get improved access to formal banking services following the unveiling of a refurbished bank branch in Kalangala District.

The facility, which has undergone a full interior and exterior overhaul with upgraded equipment to improve service delivery, was inaugurated during a tour by top executives of Stanbic Uganda Holdings Limited.

The launch coincided with the group’s 35th anniversary celebrations in Uganda and formed part of its wider strategy to extend reliable financial services to remote and island communities.

Mark Ocitti, Chief Executive of Stanbic Uganda Holdings Limited, who was on his inaugural field tour since his appointment in July, said the revamp reflects the group’s long-term commitment to Uganda.

“As we mark 35 years of operating in Uganda, seeing our anchor subsidiary continue to create shared value for our stakeholders is a true reflection of our core purpose: Uganda is our home, we drive her growth,” Ocitti said.

Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, said the focus is on customer experience and inclusion for underserved groups on the islands.

“Customer experience remains at the core of our growth strategy. This refurbishment ensures that our customers in Kalangala enjoy a modern, reliable, and exceptional banking environment. Through our positive impact agenda, we remain fully committed to driving financial inclusion that specifically empowers women, youth, and farmers across these island communities,” Kalifungwa said.

He was accompanied by Sylvia Mulomi, Head of People and Culture, and local leaders.

The Kalangala upgrade is part of a broader countrywide modernization of branches and agency banking points. As Uganda’s largest bank by assets, Stanbic currently operates more than 83 branches and over 7,000 active agents across the country.

The Homeland Newspaper

The Homeland Newspaper

The Homeland Newspaper is Ugandan’s Leading independent weekly Newspaper that delivers real time news & information on Politics, Analysis,Investigations,Business,Finance

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