Charles Russon Archives – CEO East Africa

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

CEO East Africa MagazineThe Big StoryOctober 24, 2025October 31, 2025

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…

Absa Bank Acquires Standard Chartered’s Retail and Wealth Business in Uganda

Paul MurungiThe Big StoryOctober 24, 2025October 24, 2025

Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s…

Sino-African trade: Absa Group opens office in China

Muhereza KyamuteteraCompany News Global News The Big StoryFebruary 1, 2024February 1, 2024

Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with…