Oil & Gas

In the last decade, Africa’s upstream operations have spread from a historic focus on West Africa to be truly pan-continental. This is being driven by exploration in countries such as Ghana, Mozambique, Tanzania, Kenya and Uganda where new oil and gas reserves have been discovered. Uganda’s oil exploration was established through the discovery of approximately 6.5 billion barrels of commercially viable oil and the presence of 416 billion cubic feet of natural gas. The commercialisation plan comprises of a crude export pipeline from Hoima in Uganda to Tanga Port in Tanzania, a refinery and gas to power plants. The project will enjoy domestic, regional and international marketing opportunities, and the investment models will factor in both international and domestic marketing opportunities. Accessing the right partners and capital to fund an investment of this nature will be critical for the development phase of Uganda’s Oil & Gas project. Stanbic Bank’s international reach comprises of a network of specialist Oil & Gas teams spread across the world’s key financial centres and major oil producing countries in Africa. These teams provide financial solutions to businesses in the Oil & Gas value chain from the upstream through to the midstream and downstream. This, coupled with our strategic focus and in-depth local knowledge, uniquely positions us to be your ideal financial partner in Uganda. We have strong sector and product knowledge, and we understand the unique character of business in Uganda; from banking, transaction and regulatory requirements, to the players and opportunities.



Investment Banking Solutions
We structure financial solutions that are tailored to your specific requirements; these include project and corporate financing to grow your business. We also provide commodity based solutions to support Oil & Gas production and export. Our clients also benefit from equity and debt capital markets solutions that allow them to tap into wider sources of finance.


Global Markets Solutions
We support our clients to hedge their risks across selected asset classes, for example we provide currency, interest and commodity hedging solutions. In addition to the above, our clients also benefit from forex dealing services, market research and e-commerce platforms. Our presence in the on-shore, off-shore, buy-side, sell-side markets allow our clients access to deeper liquidity pools in all market conditions.


Transactional Products and Services
As the leading Ugandan transactional bank, we have over 90 branches spread across the country, ten of which are located in the oil belt. We offer a comprehensive range of lending and transactional products to meet the increasingly sophisticated needs of our clients. Our products and services include, cash management, international trade services, working capital, trading and risk management and a state-of the-art online banking platform.


Local Content

Ugandan laws and regulations stipulate that investors in the Oil & Gas sector must satisfy the required local content benchmarks in order to operate in Uganda. Stanbic Bank is uniquely positioned to support your compliance with above laws and regulations.


We have extensive contacts with regulators, government ministries, legal and accountancy firms and the Oil & Gas licensees. 
We are also founding members of the Uganda Chamber of Mines and Petroleum (UCMP) and the Association of Uganda Oil and Gas Service Providers (AUOGS).

Contact Us

James Karama
Head: Oil & Gas
+256 41 715 4875
[email protected] 

Michael Muhangi
Manager: Oil & Gas
Business Banking
+256 31 222 6900
[email protected]