Stanbic Bank eyes Financing Uganda Oil and Gas Industry Players—Papers

Stanbic Bank, one of the lead players of Uganda’s banking sector says is planning to rolled out specific financial services targeting the oil and gas industry, Daily Monitor reports.

While officially opening a new branch in the oil-rich Hoima, the banks Executive Director Kevin Wingfield said Stanbic Bank has prioritized the oil and gas industry in all its operations.

“Oil and gas is a core sector for the bank, and is supported by a dedicated team of experts who offer advisory support for a range of financial solutions,” he said.

 Wingfield says the bank has expertise in offering relevant services in minerals, mining, oil and gas industry.

The bank’s head of customer channels, Shem Kakembo, said Stanbic Bank will support its customers to tap the emerging opportunities from the oil industry through capacity building and offering them financial help.

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