Stanbic Bank expands community impact with branch upgrade and hospital support in eastern Uganda

November 11, 2025 in Companies, Trade & Industry by Editor

Stanbic Bank Uganda is strengthening its role in financial inclusion and healthcare across the country through targeted investments in underserved communities.

In Karamoja, local leaders attended the opening of Stanbic’s newly relocated Moroto Branch, an expanded facility intended to improve access for residents, particularly women, youth, and smallholder farmers. The branch is part of the bank’s network in the sub-region, which also includes Kotido and over 80 agent banking outlets, extending banking services to remote communities.

Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, highlighted the region’s growing economic potential in mining, tourism, agriculture, and cross-border trade, stressing the importance of accessible financial services in converting this potential into tangible growth. Local authorities and community leaders welcomed the upgrade, noting its role in supporting livelihoods, improving access to credit, and facilitating digital banking adoption.

Elsewhere in Eastern Uganda, Stanbic Bank addressed critical gaps in maternal healthcare at Mbale Regional Referral Hospital with a donation of equipment valued at UGX 100 million. The contribution included anaesthetic machines, mama kits, oxygen cylinders, patient monitors, paediatric ventilators, and other essential tools for maternal and neonatal care. Mbale Hospital serves roughly 4.5 million people across 17 districts, and staff cited the donation as a key step in addressing overcrowding and limited resources, particularly in labour and delivery wards.

Hospital administrators and regional officials said the support would improve maternal and infant outcomes while complementing ongoing government efforts to expand healthcare access. Stanbic Bank has previously supported health facilities in the Elgon region, and the current donation marks a continued effort to align private-sector investment with public-health priorities.

Combined, the branch expansion in Karamoja and healthcare support in Mbale demonstrate a coordinated approach to local development, focusing on financial inclusion, economic empowerment, and public health. By investing in infrastructure, services, and equipment, the bank is helping address structural challenges in both the financial and health sectors, particularly for women, youth, and farmers.

The initiatives underscore how corporate actors can influence regional development, creating opportunities for economic participation while addressing pressing social needs. Analysts note that targeted investments in banking access and health services can have multiplier effects, from enabling small-scale business growth to reducing preventable maternal and infant mortality.