Mumba Kalifungwa Archives – Page 2 of 3

Gov’t on move to redirect resources towards wealth creation, rapid expansion of the economy

by Edna KyokunzireThe Big StoryJune 19, 2023June 19, 2023

Government will in the Financial Year 2023/24 redirect resources towards wealth creation by facilitating more Ugandans to join the money economy and accelerate the economy’s rapid expansion, the Finance Ministry Permanent Secretary/ Secretary to Treasury Ramathan Ggoobi has said.He said this on June 16th 2023 during the 2023 Post Budget…

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

by Mumba KalifungwaIndustry & Analysis The Big Story Thought 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 normalcy. Unfortunately, if the past two to three years have taught us anything, it is that we must be highly adaptable…

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Absa Bank Uganda’s 2022 net profit grows 28.9% to UGX141 billion

by Muhereza KyamuteteraCompany News Industry & Analysis News & Analysis The Big StoryApril 18, 2023April 18, 2023

Absa Bank Uganda has this morning released its 2022 financial results, reporting growth in deposits, lending, revenues as well as net profit and assets.The bank, a subsidiary of Absa Group, one of Africa’s largest financial services Groups announced that customer deposits in 2022, grew by UGX34.8 billion, from UGX2.42 trillion…

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Absa Bank donates UGX60m towards disaster response capacities for families affected by floods in Eastern Uganda

by CEO ReporterCompany News News & AnalysisAugust 5, 2022August 5, 2022

Absa Bank Uganda yesterday announced a donation worth UGX60 million to the Uganda Red Cross Society to cater for the purchase of shelter kits to provide temporary shelter and basic household essentials for families displaced by flash floods in Eastern Uganda. The donation is intended to strengthen the disaster response…

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Absa Uganda Commits UGX65m Towards Makerere University Centenary Celebrations

by CEO ReporterCompany News News & AnalysisMay 11, 2022May 11, 2022

Absa Bank Uganda Limited yesterday announced a commitment worth UGX 65million towards Makerere University’s centenary celebrations.The commitment will go towards supporting the university’s year-long anniversary celebrations, which were launched in November 2021 during a stakeholder mobilization event organized by Makerere.Opening its doors to 14 day students in 1922, Makerere University…

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SMASHING: Absa Bank Uganda registers 169% growth in profit after tax to UGX110 billion

by CEO ReporterCompany News News & AnalysisApril 12, 2022April 12, 2022

Absa Bank Uganda has announced a profit after tax of UGX110 billion for the year ended December 2021, representing a 169% growth in profitability from the previous year.“Despite a tough operating environment, economic recovery was faster than anticipated evidenced by the remarkably resilient performance and expansion of the economy by…

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

by Muhereza KyamuteteraCompany News News & Analysis The 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.A collaboration between the Official Monetary and Financial Institutions Forum (OMFIF) and Absa Group Limited the index assesses the progress and…

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Airtel, Absa Bank Partner to Improve Learning Infrastructure across Uganda

by CEO ReporterCompany News News & AnalysisNovember 4, 2021November 4, 2021

Airtel Uganda has announced a partnership with Absa Bank Uganda Limited and the National Library of Uganda aimed at boosting e-Learning and youth employment in Uganda. This was revealed during a press engagement held at the National Library of Uganda today.Manoj Murali, Managing Director Airtel Uganda, noted that Airtel has…

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Vaccine scarcity becoming an issue of the past, says Dr. Aceng

by CEO ReporterCompany News News & AnalysisOctober 11, 2021October 11, 2021

Health Mnister Dr Jane Ruth Aceng has said that vaccine scarcity is now an issue of the past.“There are more than 5 million doses of vaccines in the country, with a consignment of Johnson & Johnson arriving soon, which would work toward increasing vaccination across the country,” she added.The first…

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Absa boosts supply of medical oxygen to regional referral hospitals with UGX230 million donation

by CEO ReporterCompany News News & AnalysisJuly 30, 2021July 30, 2021

Absa Bank Uganda has today announced a donation to the tune of UGX230 million to provide 6,528,000 litres of medical oxygen to four regional referral hospitals. The donation will boost the capacity of the medical facilities to meet the high requirement for oxygen therapy by patients with severe to critical…

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