Here are the key 10 things you need to know about this industry-first from Absa. First of all, to enjoy the extreme convenience, you have to be an Absa Bank customer. You must have downloaded and installed the Absa Banking App on your phone.Absa’s cardless ATMs allow users to access their cash without a physical debit card. All a user needs to do is log in to the Absa Banking app on their smartphone. While in the app, the customer selects the ATM QR Cash icon, then scans the QR Code on the ATM. Once the scan is done, the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 from the Absa Banking App on any smartphone device to withdraw cash at any Absa ATM countrywide. Speaking during a media briefing to launch this new offering, Musa Jallow, Retail Director, Absa Bank Uganda said, “Digital payments are evolving at a fast pace, particularly during this COVID-19 era where public health is a primary concern. Absa is responding to the needs of customers who are looking for convenience and security…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa Bank Uganda has announced four new appointments to the Bank’s Board of Directors. The new appointees are Non-Executive Directors Alex Rugamba, Sophie Nkuutu, and Phillip Aliker as well as Executive Director David Wandera, who collectively bring together over 85 years of experience in the transport and energy, accounting, international trade law and financial services sectors, respectively. Speaking to the appointments, Nadine Byarugaba, Board Chairperson, Absa Bank Uganda Limited said, “The COVID-19 pandemic has highlighted the need for businesses to adapt their strategies to the realities of the times. Coming with a wealth of experience from across various sectors, the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Health Mnister Dr Jane Ruth Aceng has said that vaccine scarcity is now an issue of the past. “There are more than 5 million doses of vaccines in the country, with a consignment of Johnson & Johnson arriving soon, which would work toward increasing vaccination across the country,” she added. The first batch of 196,800 doses of the Johnson & Johnson vaccine arrived in Uganda on Thursday night. The country has thus far received 5,690,363 doses of Covid-19 vaccines from AstraZeneca, Sinovac, Moderna, Pfizer, and, most recently, J&J. A total of 2,282,414 doses have been administered, with a further 2,080,594…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
By Albert Byaruhanga Every crisis offers an opportunity to learn and innovate. The COVID-19 pandemic has been no different. One of the critical learnings from the pandemic has been the need to forge partnerships to build resilience and ultimately, sustainability. At the heart of partnerships which will stimulate growth and sustain the Micro, Small and Medium Enterprise (MSME) sector so critical to Africa’s economic fortunes, is the role of enterprise supplier development chains. According to recent economic forecasts, gross domestic product contracted by 1.9% across sub-Saharan Africa in 2020. Added to that, is the expectation that approximately 20 million jobs…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa Bank Uganda has today announced a donation to the tune of UGX230 million to provide 6,528,000 litres of medical oxygen to four regional referral hospitals. The donation will boost the capacity of the medical facilities to meet the high requirement for oxygen therapy by patients with severe to critical COVID-19. The bank has entered into a partnership with Oxylife 2020 (U) Ltd, a subsidiary of Joint Medical Store to purchase 160 medical oxygen cylinders, related accessories and supply up to 800 cylinder refills to the hospitals. The beneficiary hospitals are Soroti Regional Referral Hospital, Gulu Regional Referral Hospital, Lira…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
RK: The first question to you is, who is Mumba? How did you get here? MK: Thanks Robert and for giving context. My name is Mumba Kalifungwa, a Zambian national currently resident in Uganda. My father is Prof Patrick Kalifungwa, an academician and businessman and my mother is a lawyer. They work together, running a private family business. I am the firstborn in a family of four; 3 men and 1 lady. I am also a family man; I have been married for two years. Together we have 3 daughters and 1 son. At a personal level that is who…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa Bank Uganda and MTN Mobile Money Uganda Limited have today announced the introduction of mobile money payment functionality, also known as MTN MoMoPay on Absa Point of Sale (POS) machines/terminals. The service is open to all MTN Uganda mobile money account holders, who can now make payments on any Absa POS machine, regardless of whether they hold an account with the bank. Announcing the partnership, Absa’s Managing Director, Mr. Mumba Kalifungwa noted that the new functionality makes it even more convenient for customers to pay for goods and services directly from their MTN mobile money account to the Absa…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa bank Uganda has boosted the hopes of Uganda’s Olympic team through a cash injection amounting to UGX 26 million to ease in preparations for the 2021 Olympic games in Tokyo, Japan. These funds are in addition to the UGX54 million earlier that was paid earlier by the Absa Bank Uganda to cater for the team’s training and equipment. Absa bank’s Managing Director, for Uganda, Mumba Kalifungwa during his speech at the cash hand-over ceremony held at Kabira Country Club yesterday, said this is part of the bank’s efforts to support sports and talent development. “It is an honour that young people…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa Bank Uganda, yesterday, 20th April 2021, released their 2020 annual results, reporting a profit of UGX41 billion and growth in revenue to UGX316 billion. This is Mumba Kalifungwa’s first results, since he became Managing Director/Chief Executive Officer in April 2020, just about the time the country was entering into total Covid-19 lockdown. Speaking during a media briefing, held at Sheraton Kampala Hotel, Mr Kalifungwa said that the good results were born out of the bank’s demonstrated ability and commitment to stay by the customers’ side, even during the pandemic. “We achieved total revenue of UGX 316 billion and profit…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
