Absa Bank Uganda has flagged off the 10 golfers from Uganda who will be taking part in the Pro-Am event of the 2024 Magical Kenya Open. The tournament starts next week, from the 21st to 25th February at the Muthaiga Golf Club in Nairobi, Kenya. The team of 1 professional and 9 amateurs emerged as the best performers during the Absa-sponsored Pro-Am tournament of the 2023 Uganda Golf Open. The bank will cater for the flights and accommodation of the qualifying amateurs and some of its clients, while the professional will receive a total contribution of USD 4,745 to cover…
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Ahead of the event, David Wandera FCCA, the Absa Executive Director & Head of Financial Markets discusses the financial markets landscape in 2023 and why it is important for financial markets actors, policymakers and other stakeholders to attend and or follow the release of the #AFMIIndex2024. From your perspective as a key financial markets actor in Uganda, how did Uganda’s financial markets perform in 2023? The Ugandan financial markets performed well – especially when compared to global and regional financial markets. Specifically, the currency remained fairly stable – depreciating less than 2% compared to several other African currencies that depreciated…
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Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI) Report Presentation and Economic Outlook Forum. Now in its seventh year, the Africa Financial Markets Index (AFMI) is a collaboration between the Absa Group and the Official Monetary and Financial Institutions Forum (OMFIF). Each year, the AFMI assesses 28 African nations on economic development using specific indicators that consider market accessibility, transparency, and openness. Ggoobi who is the chief guest and Dr. Atingi-Ego, the keynote speaker, are both accomplished economists…
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The Absa Bank Uganda Human Capital Director Sylvia Mulomi has tipped Human Resource (HR) practitioners about the organisational culture and work ethic as key to shaping a thriving workplace, which ultimately results in the company’s success, including higher revenues. She was speaking during the HR Community Appreciation breakfast meeting at the Kampala Sheraton Hotel on 25th January 2024, organised by Motivation Hub Limited. According to Mulomi, there’s significant evidence that an effective organizational culture provides a major competitive edge higher levels of employee and customer engagement and loyalty translate into higher growth and profits. “It’s very important to understand…
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Absa Bank Uganda, in partnership with the Kampala Hash House Harriers (KH3), has announced the second edition of the Absa KH3 – 7 Hills Run. The event is set to take place on Sunday, 17 March 2024, at the Kololo Airstrip. The 21km run, spanning the seven iconic hills of Kampala, is dedicated to supporting the education of girl children in Uganda. Girls in Uganda face numerous challenges in accessing education, including poverty, cultural norms, early marriages, unwanted pregnancies, and menstrual hygiene management issues. Absa Bank Uganda, upholding its commitment to creating a positive impact and being a force for…
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In a bid to support customers in meeting their beginning-of-year goals, Absa Bank Uganda has unveiled solutions under a dynamic two-fold campaign designed to bolster both individual aspirations and business growth. The three-month campaign, under the theme “Jooga2024 Ne Absa” for individuals and “Tumbula Business Yo Ne Absa” for businesses offers a complete package for both personal and business customers to achieve new year plans, goals, dreams, and needs with freedom. Ronald Kamulegeya, Absa Bank Uganda’s Head of Customer Network, said, “Following the festive season – which is characterised by a lot of spending, travel and the like, the…
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Absa Bank Uganda, in partnership with Raising Hope International Friends (RHIF), has over the last 7 months, imparted much-needed financial literacy training to 2,250 sickle cell caregivers as part of their commitment to empower 3,000 caregivers with essential financialskills by the end of 2023. The initiative is in response to the high cost of treatment for sickle cell disease and the fact that households affected by the disease are unable to plan for their treatment expenses and rely on out-of-pocket expenditures, leading to poor household financial planning. “We began this journey to address this challenge in March of this year,…
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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 experts. The event, officiated by theBank of Uganda (BoU) Executive Director for SupervisionDr. Tumubweine Twinemanzi, took place at Protea Hotel in Kampala under the theme ‘Building blocks of an ethics programme’. In his address, Dr. Twinemanzi said that it is important that banks and other financial institutions give special attention to conduct risk if they are to address the upsurge in financial fraud in the post-COVID era. Twinemanzi added that…
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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, has spared in doing its best as Airtel Uganda’s Lead Transaction Advisor⏤ for obvious reasons. First of all, it is the sheer size and significance of the Airtel IPO. The telco has put up for the IPO, 8,000,000 shares (20% of the issued shares) for UGX100 per share, a transaction that should realise some UGX800 billion (USD 212 million) that the company says it needs to bulk up funding for…
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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? At Absa, we believe in the potential and contribution that SME businesses can make to the socioeconomic development of the country. Through programs such as the Absa SME Academy and Enterprise Supplier Development, we have efforts in place to support the growth and survival of SMEs. This we do through training to professionalize both new and existing SMEs in the country. We work with these businesses to apply the knowledge…
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