Equity Group Holdings Plc continues to deliver solid financial results, underpinned by the Group’s strategic focus on diversification, innovation, and regional expansion. With strong liquidity, capital buffers, and robust regional businesses, the Group is poised to maintain its leadership position in the region and continue driving sustainable growth. While releasing the full year 2024 results,…
Absa Group earnings increased 10% in 2024, underpinned by a material improvement in the second half, demonstrating meaningful progress after a disappointing first half. Earnings were driven by both a more supportive operating environment and deliberate steps taken to support performance. “Our organisation rallied in the second half, refining our focus areas to ensure that…
Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the unique needs of affluent and business customers. The Infinite Card, a globally recognized ultra-premium debit or credit card, is the first smart, elegant, metallic card on the market. It is tailored for…
Uganda has maintained its fourth-place ranking in the Absa Africa Financial Markets Index (AFMI), a position it has held for the past year. However, the country’s score has shown significant improvement since 2017, reflecting its progress in developing its financial markets. According to the index, Uganda’s score has increased to 63, driven by its strong…
Absa Uganda, in partnership with the Kampala Hash House Harriers, has announced the third edition of the Absa KH3-7 Hills Run, slated for March 16, 2025. The announcement was made at the weekly hash run. The iconic 21-km race traverses the historic seven hills of Kampala—Kibuli, Nakasero, Old Kampala, Namirembe, Rubaga, Lubiri, and Nsambya—offering a…
Absa Bank Uganda has today handed over cash prizes totaling UGX100 million to winners from the ongoing card usage campaign dubbed “UGX 200 million can change your story”. The 10 winners used their Absa debit or credit cards for at least five transactions in the said period, September to October 2024. The campaign aims at…
PostBank in partnership with MTN Mobile Money (MTN MoMo) have launched Xtracash, a digital Micro Lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This initiative is poised to provide approximately 13 million mobile wallet holders in the country with convenient access to financial assistance. XtraCash will be accessible…
Absa Bank Uganda is pleased to announce the appointment of Ruth Lillian Kagabane as Compliance Director with effect from 1 November 2024. Ruth is an accomplished Banker with over 17 years of diverse experience in risk management, compliance,operations and controls. Prior to this appointment, she held the role of Head of Retail and Business Banking…
20 September 2023, Uganda, Kampala – Standard Chartered recently announced the rollout ofenhanced global parental leave benefits that will also benefit its employees in Uganda, effective 1September 2023. The Bank will standardise the amount of parental leave it offers, providingparents the option of undertaking more equitable caregiving responsibilities for their children. With the enhanced benefits,…
