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TodaySunday, May 03, 2026

David Wandera

(L–R): David Wandera, Managing Director; Michael Segwaya, Chief Financial Officer; and Keith Kalyegira, Board Chairman—leaders at the centre of Absa Uganda’s 2025 breakout performance, steering the bank through a period of transition to deliver accelerated growth, stronger financials, and a clear strategic shift toward scale and impact.
(L–R): David Wandera, Managing Director; Michael Segwaya, Chief Financial Officer; and Keith Kalyegira, Board Chairman—leaders at the centre of Absa Uganda’s 2025 breakout performance, steering the bank through a period of transition to deliver accelerated growth, stronger financials, and a clear strategic shift toward scale and impact.

Facts Behind the 2025 Figures: The Year Absa Uganda Shifted Gears—Growth, Discipline, and a New Leadership Era

Absa Bank Uganda’s 2025 results were not just strong—they were unexpectedly strong for the moment in which they were delivered. In a year defined by leadership transition, shifting market dynamics, and underlying
April 17, 2026
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David Wandera, Managing Director of Absa Bank Uganda — the first Ugandan to lead the bank in its over 90-year history — whose first full year at the helm delivered a 25% surge in profits, 46% growth in deposits, and a balance sheet that crossed the UGX 7 trillion mark, signalling a new phase of scale, discipline, and momentum.
David Wandera, Managing Director of Absa Bank Uganda — the first Ugandan to lead the bank in its over 90-year history — whose first full year at the helm delivered a 25% surge in profits, 46% growth in deposits, and a balance sheet that crossed the UGX 7 trillion mark, signalling a new phase of scale, discipline, and momentum.

25% Profit Growth, 46% Deposit Surge, 29% Asset Expansion: Inside David Wandera’s Breakout Year at Absa Uganda

When David Wandera officially stepped into the role of Managing Director of Absa Bank Uganda in May 2025, the appointment marked far more than a routine leadership transition—it signaled a defining moment
April 15, 2026
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As Absa Uganda enters consolidation, 2026 will test David Wandera’s leadership, integration skill, and ability to sustain momentum, carrying national expectations as the bank’s first Ugandan Managing Director forward decisively.
As Absa Uganda enters consolidation, 2026 will test David Wandera’s leadership, integration skill, and ability to sustain momentum, carrying national expectations as the bank’s first Ugandan Managing Director forward decisively.

All Eyes on David Wandera: Why 2026 is a Critical Year for Absa

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 of an
February 8, 2026
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A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.
A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.

Absa–Standard Chartered Wealth and Retail Business Acquisition Deal Enters Regulatory Review as Sector Impact Becomes Clear

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. On 24
November 21, 2025
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
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