Absa Bank Uganda has been honoured with two prestigious accolades at the 2025 Global Banking and Finance Awards: “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the One Million Trees Initiative aimed at mitigating climate change by…
Gin enthusiasts and experience seekers are in for a treat as Tanqueray No. 10, in partnership with Adrift River club, is set to host an exclusive “Brunch by the Nile” on May 17th. Set against the breathtaking backdrop of the River Nile, guests will enjoy an immersive experience of music performances, bottomless Tanqueray cocktails, and…
Friday night, the Sheraton Gardens hosted a night of laughter, wit and unapologetic roasting with the Comedy Grill toasting 10 years of Anne Kansiime. The evening started with an air of excitement and a warm red-carpet welcome as guests were tastefully snapped and then handed a signature Uganda Waragi Lemon & Ginger cocktail that paired…
Absa Bank Uganda is pleased to announce the appointment of David Wandera as Managing Director, effective 5 May 2025, following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this appointment, he…
Absa Bank Uganda today unveiled two new digital innovations, Digi Loans and Online Account Opening, aimed at meeting the growing demand for fast, convenient, and paperless banking. These fully self-service solutions, accessible via the Absa Mobile Banking App, Internet Banking, and Hello Money (USSD), enable customers to manage their finances anytime, anywhere. With the new…
Bancassurance has continued to revolutionize Uganda’s insurance sector, with the Insurance Regulatory Authority (IRA) Q4 report indicating UGX 225b Gross Written Premium (GWP) in 2024 from UGX 179b in 2023. The report indicates that bancassurance contributed 12.56% to the entire insurance industry in quarter four of 2024. Since its rollout, the product has become a…
PostBank Uganda has recorded a 24% growth in its agribusiness loan book between 2023 and 2024, reflecting the bank’s robust commitment to transforming Uganda’s agricultural sector. This growth is a testament to the success of PostBank’s strategic shift toward value chain financing and risk management in agricultural lending. By recognizing agriculture as a complex ecosystem…
Absa Bank Uganda has appointed Henry Tumusiime as the new Human Capital Director, effective 16 April 2025. With experience of over 18 years in organizational leadership and development, human resource management and cultural transformation, Henry joins Absa Bank Uganda from Abacus Pharma (Africa) Limited, a Carlyle Group Portfolio Company, where he served as the Group…
Absa Bank Uganda has announced a robust set of financial results for the year ended December 31, 2024, with profit after tax rising by 22% to UGX 178 billion. Revenue increased by 15% to UGX 546 billion, which is a reflection of strategic investments made and unwavering customer loyalty to the bank, cementing its position…
Uganda Breweries Limited (UBL), has today handed over the UGX 190 million solar-powered mini-water scheme in Hakibale Village and hand pump in Bulera Village, Kibasi Town Council, Kabarole District, which will serve 1,100 people. The commissioning was presided over by Victoria Rusoke, the State Minister for Local Government, who also serves as the Kabarole District…
