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The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
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Standard Chartered Bank Uganda (StanChart) and Absa Bank Uganda, a wholly owned subsidiary of the Absa Group, have agreed on the sale of StanChart Uganda's wealth and retail banking (WRB) business portfolio in Uganda.
This follows StanChart's November 27, 2024 announcement of its intention to explore a potential sale, in line with the bank's global strategy to concentrate resources where it offers the most distinctive client proposition.
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