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TodayMonday, April 27, 2026

Mumba Kenneth Kalifungwa

Julius Kakeeto, Managing Director of Pearl Bank (formerly PostBank Uganda) (back centre), Mumba Kenneth Kalifungwa, Managing Director of Stanbic Bank Uganda (back 2nd right), Priscilla Akora, Head of Marketing and Communications at Pearl Bank (3rd left), and Diana Kahunde, Head of Brand and Marketing at Stanbic Bank (2nd right), join other officials from both institutions during the launch of the Wendi by Pearl Bank and FlexiPay partnership at the Sheraton Hotel, Kampala, on Thursday, 23rd October 2025. The partnership aims to enable seamless transactions between both digital platforms at subsidized fees, promoting financial inclusion across Uganda.

Pearl Bank and Stanbic Join Forces to Merge Digital Wallets for Uganda’s Financial Inclusion Drive

In a landmark partnership that signals collaboration over competition, Pearl Bank Uganda (formerly PostBank Uganda), a leading government-owned financial institution and Stanbic Bank Uganda, the country’s largest commercial bank, have announced the
October 23, 2025
Absa Bank Managing Director, Mumba Kalifungwa (left) and Dr. Tumubweinee Twinemanzi, the Central Bank Executive Director for Bank Supervision at the training.

Absa Bank Uganda trains financial institutions’ compliance experts on ethics, conduct

In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance experts. The
October 17, 2023
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The new functionality makes it even more convenient for MTN customers to pay for goods and services directly from their MTN mobile money account to Absa’s point of sale terminals at no cost.

Absa Uganda point of sale terminals start accepting MTN MoMoPay payments

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
July 7, 2021
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Absa Bank Uganda Managing Director, Mumba Kalifungwa (left) and Michael Segwaya, the Executive Director and CFO releasing the results, yesterday at Kampala Sheraton Hotel. PHOTO/Courtesy

FORCE OF GOOD: Absa posts UGX41 billion profit, despite restructuring UGX260 bn loans and increased Covid-19 and rebranding costs

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
April 21, 2021
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