There is a saying that when you are entrusted with the responsibility of representing your country, you must give your very best, because you are carrying the weight and expectations…
Uganda Electricity Distribution Company Limited (UEDCL) has secured a five-year financing facility worth USD 50 million (about UGX 190 billion) from Absa Bank Uganda to fund urgent upgrades to the…
Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase….
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…
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 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…
Absa Group CEO Kenny Fihla visited Uganda this week as part of his first strategic East Africa roadshow since taking up the role of Group CEO last month, aimed at…
Absa Bank Uganda has announced the appointment of David Wandera as its new Managing Director, effective 5 May, 2025, following regulatory approval from the Bank of Uganda. He succeeds Mumba…
While presenting Absa Bank Uganda’s 2024 performance, David Wandera, the Interim Managing Director, repeatedly emphasised that everything his bank does is driven by one purpose—”empowering Africa’s tomorrow together, one story…
Absa Bank Uganda has announced robust financial performance for the year ended December 31, 2024, registering a 22% increase in net profit to UGX 178 billion, up from UGX 145.76…
