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December 20, 2025
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    ABsa Uganda

    A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.

    Absa–Standard Chartered Wealth and Retail Business Acquisition Deal Enters Regulatory Review as Sector Impact Becomes Clear

    Muhereza KyamuteteraThe Big StoryNovember 21, 2025November 21, 2025

    Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase….

    Kenny Fihla, Absa Group CEO, Absa Bank Africa, Absa Group strategy, Absa Uganda, African banking leadership, Infrastructure finance in Africa, Kenny Fihla Strategy for Absa, CEO East Africa Magazine, Africa Business News, Business News, Kenny Fihla Absa leadership interview, How Absa is driving growth in Africa, Banking sector priorities in Uganda, Role of banks in Africa’s infrastructure, Customer-centric banking strategy Absa, Future of banking in Sub-Saharan Africa, African banking trends 2025, Absa Africa growth strategy, Africa's Largest Banks,

    EXCLUSIVE Q&A | Kenny Fihla: Steering Absa Group Into Its Next Growth Chapter

    Muhereza KyamuteteraQ + AsThe Big StoryJuly 28, 2025July 28, 2025

    Thank you very much for the opportunity to speak with you. I’ve been following some of the remarks you’ve made since your appointment in June, and one recurring theme that…

    Absa Bank Uganda Appoints Hassan Saleh and Gloria Byamugisha to its Board of Directors

    Paul MurungiProfilesThe Big StoryJuly 17, 2025July 17, 2025

    Absa Bank has strengthened its Board of Directors with the appointment of two seasoned professionals—Hassan Saleh, Managing Director of MultiChoice Uganda, and Gloria Byamugisha, Group Chief Human Resource Officer at…

    Absa Uganda and DHL partner to support 800 SMEs access export markets

    CEO ReporterCompany NewsNews & AnalysisMay 10, 2024May 10, 2024

    DHL, a global leader in the logistics industry has announced its collaboration with Absa Bank Uganda for the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The purpose of the programme…

    Absa’s Mumba Kalifungwa, on the 6 things that he has learned about saving and growing money 

    Mumba KalifungwaThe Big StoryThought LeadershipOctober 2, 2023October 2, 2023
    Take care of your health and/or invest in insurance. If the pandemic has taught us anything, it's that your entire savings and investments (your life’s work) can be wiped out...

    Uganda ranked No.1 in East Africa and 5th on the African Continent in the 2021 Absa Africa Financial Markets Index.

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMarch 11, 2022March 11, 2022

    Ugandan financial markets have been ranked in the top spot in East Africa and the fifth on the African continent, according to the just-released 2021 Absa Africa Financial Markets Index….

    Q&A WITH MUMBA KALIFUNGWA: Everyone needs a strong and innovative bank and Absa Uganda is that bank

    Muhereza KyamuteteraFinanceThe Big StoryThought LeadershipMay 31, 2021May 31, 2021

    2020 was an unprecedented year, for the industry, for Absa and yourself as a leader. It was a year of many firsts. But regardless, Absa emerged strong— stirred, but not…

    Absa Bank Uganda’s assets reach UGX3.4 trillion; moves from fifth to third-largest bank

    Muhereza KyamuteteraFinanceThe Big StoryMay 4, 2020May 4, 2020

    22% surge in customer deposits propels growth in customer lending and investments; creating a UGX3.4 trillion asset base, allowing Absa to overtake Standard Chartered Bank and dfcu Bank to become Uganda’s third largest commercial bank, after Stanbic and Centenary Bank.

    Mumba Kalifungwa appointed Absa Bank Uganda Managing Director

    Muhereza KyamuteteraCompany NewsFinanceThe Big StoryMarch 19, 2020March 19, 2020

    Absa Group Limited has today announced the appointment of Mr Mumba Kalifungwa as Managing Director for Absa Bank Uganda effective 1 April 2020, confirming a story, CEO East Africa early…

    EXCLUSIVE: Absa, taps Mumba Kenneth Kalifungwa, a Zambian to lead its Uganda operations

    Muhereza KyamuteteraCompany NewsFinanceThe Big StoryMarch 7, 2020March 7, 2020

    Absa Group has tapped Mumba Kenneth Kalifungwa the former Executive Director, Finance at Absa Botswana, as its Managing Director, for Uganda, CEO East Africa has learnt. Mumba, replaces Mr. Nazim…

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      Everything You Need to Know About Diageo’s Sale of its 65% Stake in EABL to Japan’s Asahi Group
      by CEO East Africa Magazine
      December 18, 2025
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