Catherine Poran appointed CEO of Stanbic Business Incubator

Catherine Poran has been appointed the Chief Executive Officer of Stanbic Business Incubator.

Poran, whose appointment became effective July 1, replaces Tony Otoa who has since joined the State-owned Uganda National Oil Company as the Chief Corporate Affairs Manager.

Prior to her appointment, Poran, who is a Ugandan, served as the Head of Corporate and Investment Banking at Standard Bank Mozambique.

She is a seasoned banker with 20-year career in the Standard Bank Group, including 15 years in Uganda.

Francis Karuhanga, the Chief Executive of Stanbic Uganda Holdings Limited (SUHL), expressed his optimism about Poran’s appointment.

 “We are thrilled to have Catherine at the helm of Stanbic Business Incubator which she has served as a Board Member since its incorporation and has been a part of the value creation and journey mapping. Her appointment as CE is a natural progression, and we are confident that she will leverage her skills, knowledge, and expertise to actualize the company’s vision,” he said.

Poran expressed her excitement about her new role.

 “I am honoured to have the opportunity to lead Stanbic Business Incubator and contribute to the growth of Ugandan businesses. I look forward to working with our stakeholders and partners to drive innovation, entrepreneurship, and economic development in line with our purpose of driving Uganda’s growth.

My vision is to further establish Stanbic Business Incubator as a leading hub for entrepreneurship and innovation in Uganda, and I am committed to working tirelessly to achieve this goal.”

Catherine brings a wealth of experience in business management, strategic planning, and risk management to her new role. She holds a master’s in business administration from Edinburgh Business School, Heriot Watt University, UK, a Master of Laws from Buckingham University, and a Bachelor of Laws from Buckingham University.

 Stanbic Business Incubator is a subsidiary of Stanbic Uganda Holdings Limited (SUHL), the listed entity on the Uganda Stock Exchange, operating Stanbic Properties Limited, SBG Securities Limited, FlyHub, and the anchor—Stanbic Bank Uganda Limited, collectively employing more than 2000 people.