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HomeAfricaStanbic backs 2022 MTN Marathon with UGX 170 million

Stanbic backs 2022 MTN Marathon with UGX 170 million

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Kampala–Uganda, November 9, 2022: Stanbic Uganda has today handed over UGX 170 million in cash support towards the 2022 MTN Kampala Marathon.

Featured Photo:

MTN recieves UGX 170 million from Stanbic bank in support of the upcoming MTN Kampala marathon.Photo MTN Media.

MTN Chief Marketing Officer Somdev Sen and Stanbic’s Coperate and Investment Banking manager Paul Muwangi.

This year’s run, dubbed—run for babies, is scheduled for Sunday, November 20, 2022, marking a return from a two-year siesta due to Covid-19 restrictions. Stanbic has been a major corporate sponsor of the annual marathon since 2014.

 

Speaking at the handover press event, Paul Muganwa, Stanbic Bank Uganda’s Executive Head of Corporate and Investment Banking said this year’s theme for the marathon, ‘Run for Babies’ is particularly ‘close to our hearts as Stanbic.’

 

“Every year, we dedicate a dominant portion of our Corporate Social Investment budget to support maternal and neonatal health. Therefore, we are pleased to back this year’s MTN Kampala Marathon with UGX 170 million,” he said.

 

In October as Uganda marked Maternal and Neonatal health month, Stanbic donated health equipment worth UGX 354 million to the Ministry of Health which benefited over 20 health centers across the country.

 

In addition to the cash support, Muganwa revealed that Stanbic Uganda has also purchased 170 running kits for Bank staff and corporate runners.

 

Corporate comradeship

Speaking at the handover ceremony, Somdev Sen, MTN Uganda’s Chief Marketing Officer hailed the corporate comradeship with Stanbic Uganda which spreads to other partnerships collectively geared towards driving Uganda’s growth.

MTN Uganda hands over Stanbic bank branded marathon kits for their staff

“This corporate comradeship between MTN and Stanbic exemplified through this generous support is a strong statement that partnerships are better than the competition. We thank Anne Juuko, the Chief Executive at Stanbic Bank whose leadership has made maternal and neonatal health a top CSI agenda,”

 

He added that the money raised from this year’s marathon is to be used to upgrade four selected maternal and newborn facilities in health centers across the country. These include; Kisenyi and Kawaala health centers in central Uganda, Kachumbala health center in Teso as well as Kaabong health center in Karamoja.

 

Runners can participate in one of four categories; the full Marathon (42Km), half Marathon (21Km), 10Km race, and 5 Km wheelchair race. There is also a race for children.

 

About Stanbic Uganda Holdings

 

Stanbic Uganda Holdings Limited (SUHL)  is a listed company on the Uganda Securities Exchange and part of the Standard Bank Group—Africa’s largest Bank by footprint and assets.  SUHL  is comprised of five subsidiaries including Stanbic Bank, Uganda’s largest commercial lender by loans, customer deposits, and profitability. Stanbic Bank Uganda is a 116-year-old brand with a Balance Sheet of Ushs 8.7 trillion and a Market Capitalisation of Ushs 1.33 trillion as of June 2022. The Bank collectively serves a million-bank account and FlexiPay wallet customers. Other subsidiaries of SUHL are Stanbic Properties Limited, SBG Securities Uganda Limited, Stanbic Business Incubator Limited, and FlyHub Uganda Limited. Collectively, SUHL employs nearly 2000 people who are at the center of implementing its business purpose—driving Uganda’s growth.

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network under the National Telecommunications Operator (NTO) license granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices, and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. services are delivered through a network of over 120,000 Mobile Money agents, 200 service stores, and 13 main distributors. At end of Quarter 1 2022, MTN Uganda had 16.3 million subscribers, 9.8 million MoMo users, and 5.7million active data users. Visit us at www.mtn.co.ug or follow us at www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.

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