Banking & Financial ServicesThe Big Story

Absa Group Bets Big on East Africa: Yasmin Masithela Reveals the Scale, Digital Ambition, and Regional Push Behind the StanChart Uganda Deal  Absa’s acquisition of Standard Chartered Uganda’s retail and wealth business is more than a balance-sheet expansion — it’s a calculated push to dominate East Africa’s next phase of growth. Speaking to CEO East Africa Magazine's Paul Murungi on the sidelines of the B20 Summit ín South Africa, Yasmin Masithela, Absa Group Head of Corporate and Investment Banking, unpacked how scale, digital reinvention, and regional client connectivity are shaping the bank’s strategy in one of Africa’s fastest-changing financial corridors.

Yasmin Masithela, Absa Group Head of Corporate and Investment Banking

Let’s start off with why Absa Group is involved in this B20 summit.  When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion.  We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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