Absa Bank Uganda

David Wandera appointed Interim Managing Director of Absa Bank Uganda

by Brian EmorutCompany NewsIndustry & AnalysisNews & AnalysisThe Big StoryDecember 16, 2024December 16, 2024

Absa Bank Uganda has today announced that David Wandera has been appointed Interim Managing Director.David brings over 20 years of experience in the banking sector, with a strong track record in leadership, strategic initiatives, and financial management. He has a deep understanding of treasury and markets management, accounting, and financial…

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A peek into Mumba Kalifungwa’s time at Absa Bank Uganda

by Muhereza KyamuteteraCEOsIndustry & AnalysisNews & AnalysisDecember 6, 2024December 7, 2024

News is settling in, and the CEO East Africa Magazine has independently verified that the towering Mumba Kenneth Kalifungwa, previously the Managing Director at Absa Bank Uganda, is set to be the new Managing Director at Stanbic Bank Uganda.This ends months of speculation on who will be the next Chief…

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Finance Ministry PS Ggoobi tips private sector on available opportunities at Absa Post Budget Dialogue 

by Paul MurungiCompany NewsNews & AnalysisJune 15, 2024June 15, 2024

The Finance Ministry Permanent Secretary and  Secretary to the Treasury, Mr Ramathan Ggoobi has outlined budget opportunities in the UGX 72 trillion Budget for the Financial Year 2024/25, urging private sector players to take advantage of them. Mr Ggoobi was delivering a keynote speech during the 2024 Post Budget Dialogue organised…

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Absa Bank Uganda and DHL builds capacity of 200 SMEs in Jinja City to enhance export trade, more SMEs in 7 cities set to benefit

by Paul MurungiCompany NewsNews & AnalysisJune 8, 2024June 8, 2024

DHL, a global leader in logistics in collaboration with Absa Bank Uganda under the 2024 ‘Growing Beyond Borders’ entrepreneurial training programme have trained over 200 SME’s in Jinja to build their capacity to access export markets. The overall objective of the program is to empower Small and Medium Enterprises (SMEs) in…

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Absa eases access to convenient financing with credit cards

by Paul MurungiCompany NewsNews & AnalysisJune 7, 2024June 7, 2024

As new consumption trends emerge among consumers who now seek convenience, modern lifestyle, holistic experiences and value offerings. Absa Bank Uganda is encouraging customers to sign up for the Absa credit cards which offer up to 50 interest free days in a bid to provide convenient financial services. The bank has launched…

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Absa Bank Uganda, KCCA restore 4.9 acres forest cover to commemorate World Environment Day

by Paul MurungiCompany NewsJune 5, 2024June 5, 2024

Absa Bank Uganda and Kampala Capital City Authority (KCCA) have jointly planted 3,300 trees at KCCA’s Agricultural Resource Center in Kyanja situated on an expanse of 4.9 acres.  The tree planting exercise was to commemorate World Environment Day held on June 5th, every year, with a focus on land restoration, desertification,…

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My Tree Initiative, Absa Bank partner to plant 300,000 trees in Eastern Uganda 

by Paul MurungiCompany NewsNews & AnalysisApril 24, 2024April 24, 2024

My Tree Initiative Organization and Absa Bank Uganda have announced a partnership that will accelerate the planting of over 300,000 trees in 300 schools, and local communities across Eastern Uganda. The ambitious initiative is under the theme “Sustainable Growing of 300,000 Trees in 300 Schools by 2025”, which is a Schools…

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5000+ run for girl child education in 2nd edition of Absa KH3-7 Hills Run 

by CEO East Africa MagazineCompany NewsNews & AnalysisMarch 20, 2024March 20, 2024

Over 5,000 runners took part in the Absa KH3-7 Hills Run marathon that took place on Sunday 17 March 2024. The annual marathon challenges runners to traverse the length of the proverbial 7 hills that make up Kampala City. Proceeds from the run dubbed “Run Her Race” and organised by Absa…

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Absa named Best CSR and Sustainable Development Bank in Uganda in the 2024 Global Banking & Finance Awards.

by Muhereza KyamuteteraThe Big StoryFebruary 21, 2024February 21, 2024

Absa Bank Uganda has been recognised as the Best Corporate Social Responsibility (CSR) Bank in Uganda and the Best Bank for Sustainable Development Uganda in the 2024 Global Banking & Finance Awards® for its Environmental, Social and Governance (ESG) focused initiatives that drive climate action, financial inclusion and diversity and…

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Banks and pension funds feast on gov’t securities gravy train as businesses get more starved of credit and choked by high interest rates.

by Muhereza KyamuteteraThe Big StoryFebruary 19, 2024February 19, 2024

The government of Uganda’s continued uncontrolled borrowing from commercial banks via government securities and at anti-market rates to the detriment of the private sector dominated the greater part of the just-ended Absa 2024 Economic Outlook Forum.Various experts called out the government for failing to tame its growing appetite for borrowing…

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