Stanbic Bank Uganda on Wednesday tapped Tony Okao Otoa to head its new Business Incubator. Mr. Okao will head the incubator with expectations of delivering the bank’s enterprise development agenda, according to an official statement.
As the head of enterprise development, he will also be responsible for the creation of market opportunities for business customers, management and implementation of programmes for the development of the Stanbic Business Incubator, the statement says.
With over 10 years of experience in both financial and Marketing sectors, Otoa has since headed big enterprises globally and in Uganda including Total E&P where he was the National Content Manager.
Tony Okao (Courtesy photo)
Others agencies Otoa has worked with include Oxfam GB, Monitor Publications Limited, ACODE, and several others.
Also, the advisor to the Uganda Chamber of Mines and Petroleum Board, Tony Otoa holds a Bachelor of Science in International relations and a Masters in Law (LLM) both from Oxford Brookes University in the United Kingdom.
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About the Stanbic Business Incubator
The incubator was unveiled in May 2018, to equip local small and medium enterprises (SMEs) with skills needed to sustain their enterprises. The programme targets SMEs in the oil and gas sector.
The incubator project will enable Ugandan businesses to be equipped with the necessary skills, knowledge, and understanding to enable them to participate in the oil and gas sector and to run their businesses in a sustainable and profitable way.
According to Stanbic Bank’ CEO Patrick Muheirwe, the programme aims at training 3000 SMEs per year including women. He says the programme offers participants with business skills, networking opportunities, learning environment through workshops and training and mentorship to Ugandan businesses.
At the launch of the incubator programme, Prime Minister, Dr. Ruhakana Rugunda said: “This Business Incubation Hub will empower more SMEs to grow their businesses”, also revealing that said government intends to run 94 training centers for skills development.
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