Moroto, Uganda | Stanbic Bank Uganda has deepened its footprint in the Karamoja sub-region with the opening of a modern, expanded branch in Moroto, reaffirming its commitment to inclusive banking and community development.
Local leaders praised the bank’s ongoing investment in empowering women, youth, and farmers through affordable credit, digital inclusion, and financial literacy programs.
Speaking at the launch, Chief Executive Mumba Kalifungwa said the bank’s mission is to drive Uganda’s growth by unlocking regional potential. “Karamoja is transforming from mining and tourism to agriculture and cross-border trade. Our role is to help turn this potential into prosperity for people here, especially women, youth, and smallholder farmers,” he said.
Justin Tuko Sam, Moroto’s Resident District Commissioner, commended Stanbic for its long-standing service to the region: “Stanbic was the first bank to come to Moroto and has played a vital role in safeguarding people’s money through innovation and digital solutions.”
District leaders, including Chief Administrative Officer Kutosi Kassim Nasibu, echoed similar sentiments, noting that Stanbic’s partnership has accelerated local projects and improved livelihoods for civil servants.
Reverend Father Henry Drajeru of St. Kizito Parish Nawoy praised the bank for improving financial literacy and promoting savings culture: “Your solutions have helped move money from under pillows into safe, accessible accounts.”
Stanbic Bank now operates two branches in Karamoja Moroto and Kotido supported by a service point and over 80 agent banking outlets, ensuring access to financial services even in remote areas.
Under its Positive Impact framework, the bank continues to drive financial inclusion, enterprise growth, agri-trade investment, and climate-smart initiatives.
Kalifungwa emphasized that the new Moroto branch symbolizes progress and partnership: “As Karamoja advances, Stanbic Bank will continue to invest, innovate, and walk alongside the people as a reliable partner for growth.”