In a major boost towards the development of rugby in Uganda, Stanbic Bank has signed a Shs50 million sponsorship package with Black Pirates, a local league rugby powerhouse.
This is in line with the bank’s focus on supporting and mentoring youth so they can become leaders and build a better tomorrow.
Speaking at a media briefing this afternoon, Stanbic Bank Uganda’s senior marketing manager Sonia Karamagi said: “As a bank, we are committed to developing young talent with future leadership potential to accelerate career growth. The Black Pirates have done a commendable job in the rugby sport and have been on the rise since 2015. The teams have shown admirable resilience. Our support goes towards uplifting the youth and we know that the average age of the players is 24 years.”
The sponsorship package is for a three-year period from September 2018 to September 2021, and will go towards meeting the running costs of the team like allowances, medical bills and utilities. Some of it will support players that are still in school.
“At Stanbic, we appreciate the role of sports in unifying society and in developing the youth. We aim to attract and retain smart, independent thinkers who are focused, tenacious, energetic and innovative.
“We believe the youth can drive Uganda’s growth story if equipped with the right skills and support. The Black Pirates are a force to reckon with and are therefore a right pick. We have secured kits for the players which we are very proud to unveil today,” Ms Karamagi added.
Edmond Owor, the club’s chairman said: “Our trajectory over the past four years has been nothing short of phenomenal, culminating in winning the 2017/18 league and a clean sweep of all available local honors, including the National 7s Series, 2017/2018 Uganda Cup trophy. All of this was against older, more established, and financially bigger clubs.”
“This sponsorship from Stanbic will go a long way in ensuring our performance continues to shine in leaps and bounds,” Mr Owor said.
Black Pirates Rugby Club (BPRC) was formed in 1996 by six university graduates who wanted to contribute to the depth and quality of the local rugby league. Today, the club boasts of four teams made up of an exciting blend of youthful and lofty ambitious talent.
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 R2 trillion (about USD165 billion) at 31 December 2017, while its market capitalization was R317 billion (about USD28 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’s 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.
Issued by WMC Africa on behalf of Stanbic Bank Uganda. For more information contact: Primrose Kiberu, WMC Africa, E-Mail: [email protected] Mobile: +256 (0) 772430 304
