C-Suite LeadershipThought Leadership

Absa Bank Uganda⏤Empowering Uganda’s tomorrow, together…one story at a time   This is an abridged version of the speech made by Nadine Byarugaba, the Absa Bank Uganda Chairperson at the release of the bank’s 2022 financial results on Tuesday 18th April 2023 at Kampala Serena Hotel. Nadine, who has led the bank’s board since January 2016 and has presided over 7 years of unprecedented growth in which nearly all fundamentals have doubled, gives background to the 2022 stellar performance. She commits to further “push the envelope” towards ensuring that Absa works with her stakeholders, to become even more, reliable and supportive of customers’ growth ambitions⏤one story at a time!

Nadine Byarugaba is Absa Bank Uganda’s Board Chairperson
Nadine Byarugaba is Absa Bank Uganda’s Board Chairperson

In 2021, we looked forward to and planned for 2022 with a high degree of optimism as the COVID-19-induced lockdown approached its end. The reopening of the economy in January 2022 would signal the release of critical sectors that are key to driving business growth throughout the economy.  However, lurking in the shadows was the crisis in Ukraine and the spillover effect this would have on the global business environment. In Uganda, this would translate into high energy prices and rising commodity prices which led to a higher cost of living and put a considerable strain on both individuals and…

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