Absa Group

Absa to Enhance Digitally Powered Financial Solutions in Africa

by Paul MurungiCompany NewsThe Big StoryJuly 25, 2024July 25, 2024

 Absa Group has launched a grand plan that will ensure its clients to benefit from enhanced features such as advanced machine learning algorithms, and improved data analytics – technologies that are crucial to delivering faster, more accurate customer service and tailored financial solutions – thereby elevating the standard of digital…

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Absa Group concludes further Agreements with World Bank’s MIGA to advance Pan African Climate Finance

by Paul MurungiCompany NewsNews & AnalysisThe Big StoryJune 30, 2024June 30, 2024

Absa Group Ltd has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. In 2019, MIGA issued capital guarantees worth USD 497 million to Absa Group in support of managing…

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Absa Group reports resilient earnings in a tough environment; revenue reaches 104 billion Rand 

by CEO East Africa MagazineCompany NewsNews & AnalysisMarch 12, 2024March 12, 2024

Absa Group reported a resilient set of results for 2023, delivered in an operating environment that was weaker than expected, particularly in South Africa where continued electricity supply disruptions, supply chain logistic issues, and sticky inflation along with a higher interest rate environment weighed on growth prospects for customers and…

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Q&A: Absa Bank’s David Wandera’s take on the financial markets in 2023 and 2024 and the 6th of February  release of Absa’s #AFMIndex2023

by Muhereza KyamuteteraThe Big StoryFebruary 3, 2024February 3, 2024

Ahead of the event,  David Wandera FCCA, the Absa Executive Director & Head of Financial Markets discusses the financial markets landscape in 2023 and why it is important for financial markets actors, policymakers and other stakeholders to attend and or follow the release of the #AFMIIndex2024. From your perspective as a…

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PSST Ggoobi and BoU’s Dr. Atingi-Ego to headline Absa’s #AFMIndex2023 and Economic Outlook Forum 

by Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryFebruary 3, 2024February 3, 2024

Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI) Report Presentation and Economic Outlook Forum.Now in its seventh year, the Africa Financial Markets Index (AFMI) is a collaboration between…

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Sino-African trade: Absa Group opens office in China

by Muhereza KyamuteteraAfricaCompany NewsThe Big StoryFebruary 1, 2024February 1, 2024

Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing.The non-banking subsidiary is now open, with the official launch event in Beijing, scheduled for 8 May 2024. At a ceremony in Johannesburg, South Africa today, attended by Enoch…

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Strong Recovery! Absa Group reports 27% interim earnings increment

by Nelson NambooleNews & AnalysisAugust 17, 2022August 17, 2022

Absa Group headline earnings increased 27% to R11 billion (about UGX2,531,000,000,000) in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic downturn in 2020. Absa reported solid pre-prevision profit for the first half of the year, supported by revenue which rose by…

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Absa Group Appoints Arrie Rautenbach as Chief Executive Officer

by CEO ReporterCompany NewsNews & AnalysisMarch 29, 2022March 29, 2022

Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately.The appointment follows a thorough recruitment and selection process completed by the Board.Arrie, who is currently Chief Executive of the Group’s retail and business banking (RBB) unit, is the first internally appointed CEO since 2006….

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PRODUCT REVIEW: Here Are The 10 Things You Need To Know About Absa’s Newly Launched Cardless ATM Withdrawal Solution

by Muhereza KyamuteteraCompany NewsFinanceThe Big StoryDecember 15, 2021December 17, 2021

Here are the key 10 things you need to know about this industry-first from Absa.First of all, to enjoy the extreme convenience, you have to be an Absa Bank customer. You must have downloaded and installed the Absa Banking App on your phone.Absa’s cardless ATMs allow users to access their…

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Absa Group Appoints Saviour Chibiya as Group Executive: Absa Regional Operations

by CEO ReporterCompany NewsNews & AnalysisNovember 1, 2021November 1, 2021

Absa Group has announced the appointment of Saviour Chibiya as Group Executive: Absa Regional Operations (ARO). According to the Group, Saviour will be responsible, together with Retail Business Banking (RBB) and Corporate and Investment Banking (CIB) for the Group’s ARO businesses and for the Group’s strategy, collaboration and relationships with its…

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