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TodayTuesday, May 05, 2026

Absa Bank Uganda

A photo collage of top-performing Bank CEOs in Bancasurrance: From left to right; Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Uganda CEO, David Wandera.

Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion

The bancassurance market is increasingly consolidating around a small group of dominant lenders, with Stanbic, Absa and Centenary emerging as the leading distributors of insurance through banking channels. The Insurance Regulatory Authority
March 13, 2026
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Mosetsana Mahlafunya, Head of Absa Investor Services at Absa Investor Services Pan Africa, photographed in Kampala during her interview with CEO East Africa Magazine, where she explains Absa’s re-entry into Uganda’s custody market as part of its Pan-African investor services strategy—focused on technology, trust, long-term commitment, and unlocking Uganda’s investment potential.
Mosetsana Mahlafunya, Head of Absa Investor Services at Absa Investor Services Pan Africa, explains that Absa’s reintroduction of custody services in Uganda is more than a product relaunch—it’s a strategic investment in the backbone of Uganda’s capital markets, powered by technology, transparency, and trust. Through Absa’s Pan-African Investor Services platform, which connects clients to over 80 global markets, the bank aims to unlock Uganda’s growing pension and investment potential, deepen market integration, and reaffirm its long-term commitment to building resilient and world-class financial infrastructure across Africa.

Q&A with Absa Group’s Mosetsana Mahlafunya: Beyond Safekeeping—Repositioning Custody Services to Power Uganda’s Investment Future

To unpack what this means for institutional investors, the economy, and Uganda’s place in regional and global markets, Muhereza Kyamutetera, Executive Editor of CEO East Africa Magazine, sat down with Mosetsana Mahlafunya,
October 27, 2025
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A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.
A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.

Big Leap: How Absa’s UGX 1.3 Trillion New Assets and Deposits Acquisition Through Stanchart’s Wealth and Retail Business Will Rewrite its Growth Story

Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has now materialized.
October 24, 2025
Some of Uganda's top performing bankers. Top row: Absa Bank MD, David Wandera, Centenary Bank MD, Fabian Kasi, Stanbic Bank CEO. Bottom row: dfcu Bank MD, Mumba Kalifungwa, Equity Bank Uganda CEO, Gift Shoko and PostBank MD, Julius Kakeeto,

Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025. This was a nearly an increase of UGX400 billion
October 13, 2025
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Absa Bank Uganda Managing Director, David Wandera, speaking at the launch of the bank’s reintroduced Custody Services, a milestone move to strengthen Uganda’s capital markets and empower institutional investors.

Absa Bank Uganda Reintroduces Custody Services to Boost Capital Markets

Absa Bank Uganda has reintroduced its custody services in a move that underscores the bank’s commitment to deepening Uganda’s capital markets. The development provides institutional investors with secure, efficient, and compliant solutions
October 7, 2025
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A photo collage of top-performing Bank CEOs in Bancassurance. Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Managing Director, David Wandera.

Stanbic, Centenary and Absa Dominate Uganda’s Q2 2025 Bancassurance League Tables

Uganda’s bancassurance sector closed the second quarter of 2025 with Stanbic Bank, Centenary Bank, and Absa Bank securing commanding positions at the top of the market in both life and non-life insurance
August 27, 2025
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