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    Absa

    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….

    Once a vital drainage artery of Kampala, the Nakivubo Channel has become a tragic symbol of urban neglect. Buildings encroach, wetlands vanish, and rainstorms now trigger deadly floods. The city’s clogged lifeline floods again, reminding us that infrastructure failure and environmental collapse walk hand-in-hand.

    EDITORIAL: Banks Are Our Last Line of Defence – Will They Stop Financing Uganda’s Environmental Collapse?

    Editorial, CEO East AfricaBanking & InsuranceThe Big StoryNovember 13, 2025November 17, 2025

    When Uganda’s capital city floods, it is often framed as a natural disaster. The skies open up in fury, the drains overflow, and Kampala drowns under its own chaos. But…

    The case began with consumer complaints in Uganda, Kenya and Egypt. Riders reported being charged more than the fare shown at booking, drivers cancelling after long waits, and being billed for rides that never materialized.

    No More Copy-Paste Contracts: How COMESA Rewrote Uber’s Rules in Africa

    Jeff WintersThe Big StorySeptember 25, 2025September 25, 2025

    After a two-year probe, COMESA’s Competition Commission has forced Uber to rewrite parts of its rider contract. The Commission says the parts of the contracts mislead and unfairly tilt risk…

    The Bank of Uganda report is a mixture of caution due to rising incidents of cyber fraud and a celebration of continued growth and resilience.

    Digital Credit Doubles, But So Do Cyber Risks: Uganda’s Banking Paradox

    CEO East Africa MagazineBanking & InsuranceIndustry & AnalysisThe Big StoryJuly 9, 2025July 9, 2025

    As Uganda’s economy gains momentum in its post-pandemic rebound, a quiet contradiction is taking shape in the financial sector. On the surface, there’s cause for celebration. Mobile money volumes are…

    REPORT CARD⎮ 4 years of Mumba Kalifungwa at Absa Bank Uganda 

    Muhereza KyamuteteraThe Big StoryApril 18, 2024April 18, 2024

    While announcing Mumba Kalifungwa’s appointment as Absa Bank Uganda’s Managing Director, on March 23rh 2020, Nadine Byarugaba, the Board Chairman said the bank had all faith in the new Managing…

    Absa Bank Uganda trains financial institutions’ compliance experts on ethics, conduct

    Muhereza KyamuteteraCompany NewsFinanceNews & AnalysisOctober 17, 2023October 17, 2023

    In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance…

    AIRTEL UGANDA IPO: Absa Bank puts its best investment banking foot forward. Meet the 4 key executives advising Airtel on its USD212 million deal 

    Muhereza KyamuteteraCompany NewsIndustry & AnalysisThe Big StorySeptember 26, 2023September 26, 2023

    You never get a second chance to make a first impression, so it’s been said. Indeed, Absa Bank Uganda, a subsidiary of Absa Group, one of Africa’s largest financial institutions, …

    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?…

    DIGITAL INNOVATION: Absa Bank Uganda Unveils Cardless Withdraw Functionality on ATMs

    Muhereza KyamuteteraCompany NewsFinanceNews & AnalysisThe Big StoryDecember 14, 2021December 14, 2021

    Absa Bank Uganda has introduced the country’s first innovative and exciting cardless withdrawal function on its Automated Teller Machines (ATMs).  The innovation allows customers to use a QR Code generated…

    MTN Uganda, FOSABU Companies Donate Masks worth UGX100m to curb Spread of Covid-19

    CEO ReporterCompany NewsNovember 15, 2020November 15, 2020

    MTN Uganda through the MTN Foundation under its Y’ello Hope initiative has, together with other FOSABU (Forum for South Africa Business in Uganda) companies supported the Office of the Prime…

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