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    Mumba Kalifungwa

    Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.

    MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth

    Mumba KalifungwaIndustry & AnalysisThe Big StoryThought LeadershipApril 19, 2023April 19, 2023

    For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to…

    Under Nadine Byarugaba (left), who became board Chairperson in January 2016 and Mumba Kalifungwa (right) who became Managing Director in April 2020, Absa Bank Uganda has solidfied its growth, into Uganda's 3rd largest bank.

    Absa Bank Uganda’s 2022 net profit grows 28.9% to UGX141 billion 

    Muhereza KyamuteteraCompany NewsIndustry & AnalysisNews & AnalysisThe Big StoryApril 18, 2023April 18, 2023

    Absa Bank Uganda has this morning released its 2022 financial results, reporting growth in deposits, lending, revenues as well as net profit and assets. The bank, a subsidiary of Absa…

    Absa Bank donates UGX60m towards disaster response capacities for families affected by floods in Eastern Uganda

    CEO ReporterCompany NewsNews & AnalysisAugust 5, 2022August 5, 2022

    Absa Bank Uganda yesterday announced a donation worth UGX60 million to the Uganda Red Cross Society to cater for the purchase of shelter kits to provide temporary shelter and basic…

    Absa Uganda Commits UGX65m Towards Makerere University Centenary Celebrations

    CEO ReporterCompany NewsNews & AnalysisMay 11, 2022May 11, 2022

    Absa Bank Uganda Limited yesterday announced a commitment worth UGX 65million towards Makerere University’s centenary celebrations. The commitment will go towards supporting the university’s year-long anniversary celebrations, which were launched…

    SMASHING: Absa Bank Uganda registers 169% growth in profit after tax to UGX110 billion

    CEO ReporterCompany NewsNews & AnalysisApril 12, 2022April 12, 2022

    Absa Bank Uganda has announced a profit after tax of UGX110 billion for the year ended December 2021, representing a 169% growth in profitability from the previous year. “Despite a…

    Uganda ranked No.1 in East Africa and 5th on the African Continent in the 2021 Absa Africa Financial Markets Index.

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMarch 11, 2022March 11, 2022

    Ugandan financial markets have been ranked in the top spot in East Africa and the fifth on the African continent, according to the just-released 2021 Absa Africa Financial Markets Index….

    Airtel, Absa Bank Partner to Improve Learning Infrastructure across Uganda

    CEO ReporterCompany NewsNews & AnalysisNovember 4, 2021November 4, 2021

    Airtel Uganda has announced a partnership with Absa Bank Uganda Limited and the National Library of Uganda aimed at boosting e-Learning and youth employment in Uganda. This was revealed during…

    Vaccine scarcity becoming an issue of the past, says Dr. Aceng

    CEO ReporterCompany NewsNews & AnalysisOctober 11, 2021October 11, 2021

    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,…

    Absa boosts supply of medical oxygen to regional referral hospitals with UGX230 million donation

    CEO ReporterCompany NewsNews & AnalysisJuly 30, 2021July 30, 2021

    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…

    CAREER SUCCESS, THE MUMBA KALIFUNGWA WAY: God, family and work; and while at work— discipline, hard work and humility

    CEO ReporterThe Big StoryJuly 27, 2021July 27, 2021

    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…

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