In a major boost towards the development of football in Uganda, Stanbic Bank has signed a Shs300m sponsorship package with the Federation of Uganda Football Associations (FUFA) to become title sponsors of 2017/18 edition of Uganda’s oldest knockout tournament – ‘Uganda Cup’.
Stanbic Bank are now official sponsors of the 2017/18 Uganda Cup, which will be called ‘The Stanbic Uganda Cup’ for the duration of the sponsorship.
The Stanbic Uganda Cup is annually competed for by league and non-league sides, and attracts well over 175 teams from across the country who participate in the Uganda Premier League, FUFA Big League, regional leagues and district leagues.
The ongoing tournament is the 44th edition of the cup, which was first held in 1971.
“The Stanbic Uganda Cup is without doubt Uganda’s most famous and impactful knockout football competition,” Daniel Ogong Stanbic Bank’s head of marketing and communications said after the signing of the sponsorship deal. “It allows teams from the remotest parts of the country to compete against well-established big name teams on the same stage. This promotes football development across the country and allows for the unearthing and spotting of talent that would otherwise go unnoticed.”
He added: “As Stanbic Bank we firmly believe successful sports development can only take place if our abundant natural talent is nurtured at the grassroots level right across the country.”
On his part, Moses Magogo, the Fufa president said: “We are proud to have found a partner with such a long and proud sporting heritage. The Uganda Cup is steeped in history having been played since 1971 and as FUFA we are excited to have found a sponsor who appreciates the history and scale of the competition,”
“Over the last 10 years, football in Uganda has undergone a tremendous transformation and has attracted more and more support from a number of corporate companies, Stanbic Bank being the latest and most timely addition. We do not take your decision to come on board as title sponsors lightly and look forward to a long and mutually beneficial partnership,” Magogo said.
The 2017/18 Stanbic Uganda Cup began in October last year with preliminary rounds across the 8 football regions of Kampala, Buganda, Eastern, North Eastern, Northern, West Nile, Kitara and Western.
The preliminary rounds had 137 teams participating, with 22 progressing to the Round of 64 joining the 16 Uganda Premier League teams and 22 Big League teams.
The Round of 64 was played in January. The draw of Round of 32 will be conducted on Tuesday to determine the fixtures.
The Final of the Stanbic Uganda cup 2017/18 will be hosted in Kumi on 9 June 2018.
A total of Shs90m has been set aside as prize money for this season’s Stanbic Uganda Cup with the winner receiving Shs30m, the runner-up Shs20m, semi- finalists Shs10m each while the quarter finalists will each receive Shs5m.
The Stanbic Uganda Cup has been played since 1971 with the first Uganda Cup winner being Coffee SC who beat Simba FC (Army team) 2-1 in the final.
Since then 24 different teams have won the Uganda Cup with the record winners being Express FC who have won the cup 10 times. Current holders KCCA FC have won the Stanbic Uganda Cup 9 times just like their rivals SC Villa.
About Stanbic Bank Uganda
Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets of R1,98 trillion (about USD128 billion) at 31 December 2015, while its market capitalisation was R184 billion (about USD11,8 billion).
The group has direct, on-the-ground representation in 20 African countries. Standard Bank Group has 1 221 branches and 8 815 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.
Stanbic Bank Uganda provides the full spectrum of financial services. Its Corporate & Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.
Stanbic Bank Uganda personal & business banking unit offers banking and other financial services to individuals and small-to-medium enterprises. This unit serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.
For further information go to www.stanbicbank.co.ug