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    Michael Segwaya

    A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.

    CEO-Ready: Uganda’s Rising Business Leaders to Watch in the Next 5 Years

    Editorial, CEO East AfricaThe Big StoryAugust 22, 2025October 6, 2025

    Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil…

    Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key Fundamentals

    Muhereza KyamuteteraThe Big StoryApril 17, 2025April 17, 2025

    Absa Bank Uganda has announced robust financial performance for the year ended December 31, 2024, registering a 22% increase in net profit to UGX 178 billion, up from UGX 145.76…

    Ugandan Marketers Tipped On Executing With Excellence At 6th Edition Of The Annual Marketers’ Fireplace

    Paul MurungiThe Big StoryDecember 14, 2024December 14, 2024

    Ugandan marketers converged on Friday last week at Protea Skyz Hotel in Kampala for the Annual Marketers’ Fireplace, their most significant event of the year, to discuss marketing excellence and…

    Absa Bank Uganda sends Golfers for the 2024 Magical Kenya Open

    CEO ReporterCompany NewsFinanceFebruary 15, 2024February 15, 2024

    Absa Bank Uganda has flagged off the 10 golfers from Uganda who will be taking part in the Pro-Am event of the 2024 Magical Kenya Open. The tournament starts next…

    Efficiency and growth in a tough operating environment⏤ an interview with Michael Segwaya, Absa Bank Uganda’s ED & CFO

    Muhereza KyamuteteraNews & AnalysisQ + AsThe Big StoryApril 21, 2023April 21, 2023

    SMEs are the engine of the economy, yet they were probably some of the worst hit by the pandemic. How is Absa positioned to support SME full recovery and growth?…

    Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.

    MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth

    Mumba KalifungwaIndustry & AnalysisThe Big StoryThought LeadershipApril 19, 2023April 19, 2023

    For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to…

    Absa Uganda, Prudential Uganda Unveil Affordable Life Insurance Policy for Families

    CEO ReporterCompany NewsNews & AnalysisMay 11, 2022May 11, 2022

    Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the…

    FORCE OF GOOD: Absa posts UGX41 billion profit, despite restructuring UGX260 bn loans and increased Covid-19 and rebranding costs

    Muhereza KyamuteteraFinanceThe Big StoryApril 21, 2021April 21, 2021

    Absa Bank Uganda, yesterday, 20th April 2021, released their 2020 annual results, reporting a profit of UGX41 billion and growth in revenue to UGX316 billion. This is Mumba Kalifungwa’s first…

    PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019

    Muhereza KyamuteteraThe Big StoryNovember 17, 2019January 15, 2023

    The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets,…

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