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Stanbic bank CEO, Anne Juuko, introduces city lawyer Makubuya

Ann Juuko and lawyer Makubuya (PHOTO /CEO Magazine)

Stanbic Bank Chief Executive, Anne Juuko over the weekend introduced the lawyer Apollo Makubuya to her parents at a traditional ceremony known as Kukyala (the first official visit).

The two lovebirds got engaged in January 2022.

Makubuya was accompanied by Kampala’s who-is-who, met Anne’s parents at a very private event in one of the Kampala suburbs yesterday, Sunday, July 17th 2022, according to CEO Magazine.

In a private message to family and friends, Makubuya said: “Dear friends, I am pleased to announce that Omumbejja Anne N. Juuko and I were engaged this last Sunday. We plan to get married this year. We thank all of you for your love and support. God bless.”

Since the news broke in January, the largely discreet Anne and Makubuya have kept everything about the event to themselves and close family friends.

Anne Juuko is the Chief Executive of Stanbic Bank, Uganda’s largest bank by deposits, lending, income, profitability and assets with roughly about 21% market share across the board. She assumed this role in March 2020 from Standard Bank Namibia (Standard Bank is the mother bank of Stanbic), where she was the Head, of Corporate and Investment Banking.

In the two years, Anne Juuko has been at Stanbic, she has grown the bank’s deposits by 22% from the UGX4.72 trillion she inherited to UGX5.74 trillion. Lending under her grew by 30%, from UGX2.85 trillion to UGX3.72 trillion. The growth in lending, contributed significantly to the 31% growth in assets, from the UGX5.39 trillion that she inherited from Patrick Mweheire to UGX8.71 billion, at the close of 2021.

Total income under her tenure has grown by 12% from UGX 842.6 billion to UGX946.6 billion. Although profitability reduced slightly in 2020 from UGX258.7 billion, due to the Covid-19 impact (the bank bore the biggest brunt of the epidemic), it picked up 13.9% in 2021 to reach UGX275.4 billion).

Makubuya who is one of the founders of MMAKS is a senior partner in the Corporate Advisory Team at the law firm. He is an expert in corporate mergers & acquisitions, energy, mining and natural resources; arbitration, tax & revenue law and constitutional law.

Makubuya’s first wife, the late Stella Nansikombi Makubuya unfortunately, passed away in September 2018.

CEO Magazine 


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