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…
A total of 51 youths have graduated from Uganda Breweries Limited (UBL)’s Learning for Life program which is in partnership with Tooro Kingdom, Enterprise Uganda, and EXP Uganda. This program equipped them with business and hospitality skills which increase their chances of finding employment in the hospitality industry to improve their livelihoods. Speaking at the…
Uganda Breweries has launched a campaign dubbed “Eyo Red Card,” which aims to promote responsible drinking among alcohol consumers.The campaign is a call to action for consumers to make informed and responsible choices when drinking alcohol, ensuring that a great night out doesn’t turn into a life-altering event. While speaking at the launch, the Corporate…
Absa Uganda’s Board of Directors has announced the appointment of Keith Kalyegira as the new Chairman of the Board, effective 1 March 2025. Keith is a highly respected and seasoned advisor on strategy, investments, and capital markets, with a wealth of experience cutting across both the public and private sectors. Keith previously served as the…
Uganda Breweries Limited (UBL), has announced a sponsorship package of One Hundred Million Uganda Shillings (UGX 100m) towards the 100th Rotary Uganda District 9213 Conference, slated to take place from 9th to 12th April 2025 at Civil Service College in Jinja. Speaking at the event to announce the sponsorship package, the Uganda Breweries Managing Director,…
