Absa Group Archives – Page 2 of 2

Absa Group Reports Increased Earnings on Broad-based Recovery; Resumes Dividend Payments

by CEO ReporterCompany News News & AnalysisAugust 16, 2021August 16, 2021

Absa Group Ltd., one of Africa’s largest financial services providers, reported an increase in interim earnings and resumed dividend payments as the economic effects of the pandemic eased in the…

Uganda’s longer term economic outlook brightens driven by oil and gas industry developments

by CEO ReporterThe Big StoryJuly 22, 2021July 25, 2021

Recent progress in the Uganda’s long-delayed oil development has brightened Uganda’s longer-term economic prospects following the agreements signed by Uganda and Tanzania on the construction of the US$4bn cross-border oil…

Absa Group Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

by CEO ReporterCompany NewsMarch 17, 2021March 17, 2021

Absa Group Ltd., one of Africa’s largest financial services providers, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid…

Absa Group Completes Renaming of 12 African Subsidiaries; nears complete separation from Barclays

by Muhereza KyamuteteraCompany News Finance The Big StoryFebruary 12, 2020February 13, 2020

Absa Group Limited’s Barclays-branded subsidiaries in seven African countries – Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania and Zambia – were renamed as ‘Absa’ today, February 12th 2019, completing the name…

Barclays officially becomes Absa Bank Uganda; BoU recognises name change with license

by theceomaCompany NewsNovember 11, 2019November 11, 2019

Absa Bank Uganda, a subsidiary of Absa Group Limited has today received the license to operateand trade under its new name from Bank of Uganda. Formerly known as Barclays Bank…