Patricia Nshemereirwe has been appointed as Chief Operating Officer, Absa Bank Uganda Ltd. In a statement, the bank said Nshemereirwe is a seasoned financial services professional with 20 years of experience in the banking and financial services industry. “She brings significant experience to her new role, taking leadership and oversight responsibility over the bank’s operations and Information Technology function,” the bank said. Before joining Absa, she served as Head of Integrated Channels/Client Coverage at Stanbic Bank Uganda – where she spearheaded the bank’s Distribution, Agent Banking, and Virtual and Digital Channels strategy and execution. She was also head of Operations,…
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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 Dialogue organised by Absa Bank Uganda in partnership with Deloitte and NTV Uganda under the theme “Managing risks, vulnerabilities that await implementation of the FY 2023/24 National Budget”. According to Ggoobi, the Government is looking to accelerate the full monetization of the economy to achieve socioeconomic transformation. Key focus…
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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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Guy Kimbowa Lutaaya has been appointed Chief Risk Officer (CRO) at Absa Bank Uganda Limited effective 1 October 2022. He is a seasoned finance professional and banker, with over 20 years of experience in finance and over 13 years of experience in banking. In his new role, he will be responsible for leadership and oversight over the Bank-wide Enterprise Risk Management Framework. Before this appointment, Lutaaya has been the Credit Director at Absa Bank Uganda, a role he has held for five years. He has also served as Head of Retail & Business Banking Credit at Absa Bank Kenya and…
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In a bid to help more people realise their dream of land and home ownership, Absa Bank Uganda has introduced land purchase loans. These loans will enable customers to access affordable financing for the purchase of land in Greater Kampala and select cities in Uganda. The mortgage facility – offers up to UGX 500 million in financing and allows for a payment period of up to 10 years at affordable interest rates. “Land is one of the most coveted assets in Uganda and a key factor in the housing sector that many of us want to acquire when we start…
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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 has grown to become one of the most prestigious learning institutions in Africa. In his remarks, Makerere University Vice-Chancellor Professor Barnabas Nawangwe lauded Absa Bank for its support, noting that the company’s dedication to supporting education and skills development of youth in Uganda was of mutual interest to…
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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 for the past 3years supported 14 public libraries across the country with free reliable 4G internet to enable the youth conduct resourceful research in support of their education. “Today, in partnership with Absa Bank, we recommit our support to the youth of Uganda through the re-launch of the Absa…
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The low rate of vaccination against COVID-19 in sub-Saharan Africa is hindering the economic recovery prospects of the region’s countries, experts have said. While recently presenting the Absa East Africa Macro Outlook for the second half of 2021, Ridle Markus, the sub-Saharan macroeconomist at Absa Group said, “With regard to economic growth, it has been noted that sub-Saharan Africa is lagging behind the rest of the world, in part due to a low rate of COVID-19 vaccination – standing at about 3 doses per 100 people.” In Uganda, out of a population of more than 42 million, 1,123,221 vaccine doses…
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Sylvia Mulomi is the People Function Director for Absa Bank Uganda Limited. She is a human resources management executive with over 15 years of experience that includes a background in non-profit and financial services international organizations based in Africa. She has proven knowledge and experience in culture transformation, performance management and employee engagement. She holds a Masters of Public Administration majoring in Human Resources Development, a Bachelor of Business Administration and Bachelor of Bible. Sylvia has completed the Female Future Program run under the Federation of Uganda Employees that prepares female leaders for C-Suite opportunities. Sylvia served as the Chairperson…
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Judy Namanda Kikonyogo is the Chief HR and Administration Officer at PostBank Uganda Limited the only 100% government owned bank. Judy oversees a staff compliment of close to 1000 staff, with 47 branches countrywide. She is tasked with driving the people agenda at a strategic level. Judy has just completed a successful restructuring exercise at PostBank that has created more job opportunities for Ugandans. Prior to PostBank, Judy worked for Barclays Bank Uganda now Absa Bank Uganda Limited and successfully oversaw the merger of Barclays Bank and Nile Bank human capital. She has also worked in the United States for…
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