Absa Bank Uganda

UEDCL seals UGX 190 billion loan facility from Absa Bank Uganda amid performance probe

Paul MurungiGovernment AgenciesThe Big StoryDecember 16, 2025December 16, 2025

Uganda Electricity Distribution Company Limited (UEDCL) has secured a five-year financing facility worth USD 50 million (about UGX 190 billion) from Absa Bank Uganda to fund urgent upgrades to the…

Q&A with Absa Group’s Mosetsana Mahlafunya: Beyond Safekeeping—Repositioning Custody Services to Power Uganda’s Investment Future

Muhereza KyamuteteraCompany NewsThe Big StoryWomen In LeadershipOctober 27, 2025October 27, 2025

To unpack what this means for institutional investors, the economy, and Uganda’s place in regional and global markets, Muhereza Kyamutetera, Executive Editor of CEO East Africa Magazine, sat down with…

Big Leap: How Absa’s UGX 1.3 Trillion New Assets and Deposits Acquisition Through Stanchart’s Wealth and Retail Business Will Rewrite its Growth Story

CEO East Africa MagazineThe Big StoryOctober 24, 2025October 31, 2025

Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has…

Absa Bank Acquires Standard Chartered’s Retail and Wealth Business in Uganda

Paul MurungiThe Big StoryOctober 24, 2025October 24, 2025

Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s…

Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

Paul MurungiBanking & InsuranceThe Big StoryOctober 13, 2025October 13, 2025

Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025.  This was a nearly an increase of…

Absa Bank Uganda Reintroduces Custody Services to Boost Capital Markets

Muhereza KyamuteteraCompany NewsIndustry & AnalysisOctober 7, 2025October 23, 2025

Absa Bank Uganda has reintroduced its custody services in a move that underscores the bank’s commitment to deepening Uganda’s capital markets. The development provides institutional investors with secure, efficient, and…

Stanbic, Centenary and Absa Dominate Uganda’s Q2 2025 Bancassurance League Tables

Muhereza KyamuteteraThe Big StoryAugust 27, 2025August 28, 2025

Uganda’s bancassurance sector closed the second quarter of 2025 with Stanbic Bank, Centenary Bank, and Absa Bank securing commanding positions at the top of the market in both life and…

Absa Group CEO Kenny Fihla Visits Uganda as Part of East Africa Roadshow

Brian EmorutCompany NewsIndustry & AnalysisJuly 24, 2025July 24, 2025

Absa Group CEO Kenny Fihla visited Uganda this week as part of his first strategic East Africa roadshow since taking up the role of Group CEO last month, aimed at…

Absa Bank Uganda Appoints Standard Chartered Bank’s Moses Rutahigwa as Retail and Business Banking Director 

CEO East Africa MagazineCompany NewsApril 1, 2025April 1, 2025

In a strategic move aimed at deepening its customer-centric agenda and accelerating its retail and SME banking growth, Absa Bank Uganda has appointed seasoned banker Moses Rutahigwa as the new…

Mumba Kalifungwa Takes Helm at Stanbic Bank Uganda

Muhereza KyamuteteraCompany NewsThe Big StoryMarch 3, 2025March 3, 2025

Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive.  His appointment, first…