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In a strategic move aimed at deepening its customer-centric agenda and accelerating its retail and SME banking growth, Absa Bank Uganda has appointed seasoned banker Moses Rutahigwa as the new…
As new consumption trends emerge among consumers who now seek convenience, modern lifestyle, holistic experiences and value offerings. Absa Bank Uganda is encouraging customers to sign up for the Absa credit cards which offer up to 50 interest free days in a bid to provide convenient financial services. The bank has launched a new campaign dubbed, ‘Everybody deserves a Bestie Kabisa’, whose purpose is to demonstrate the various ways customers can use credit cards to access financing. The credit card offerings are in response to a shift and preference for digital payment systems among the population driven by the movement…
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DHL, a global leader in the logistics industry has announced its collaboration with Absa Bank Uganda for the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The purpose of the programme is to empower Small and Medium Enterprises (SMEs) in Uganda by enhancing their understanding of the economic potential of international trade and its benefits. “SMEs tend to focus predominantly on domestic markets, neglecting lucrative opportunities for international trade. This is often due to a lack of information, and limited abilities to invest in market research, logistics, compliance, and marketing. These challenges limit SME growth and therefore this programme will enable…
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Absa Bank Uganda will offer a two-month repayment holiday on salary loans to customers as schools reopen in January. The offer is available on salary loans with competitive interest rates for sums between UGX1 million to UGX250 million. “The pandemic has created economic pressures sending many into financial distress. With the impending school reopening, we are aware that parents will face challenges meeting school fees obligations. With our salary loan offering, we will be able to provide support to our customers by providing a two-month repayment break valid for all salary loans with zero arrangement fees. Customers can also apply…
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Absa Bank Uganda has introduced the country’s first innovative and exciting cardless withdrawal function on its Automated Teller Machines (ATMs). The innovation allows customers to use a QR Code generated from the Absa Banking App on any smartphone device to withdraw cash at any Absa ATM countrywide. Speaking during a media briefing to launch this new offering, Musa Jallow, Retail Director, Absa Bank Uganda said, “Digital payments are evolving at a fast pace, particularly during this COVID-19 era where public health is a primary concern. Absa is responding to the needs of customers who are looking for convenience and security…
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