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…
By Flavia Nabukeera Savings, to some, is a discipline, and to others, it is a tug of war where one compares what they earn and what they can put aside for future investment. Oftentimes, the outcome is resorting to not saving anything at all because they think they never have enough. But how does one…
The banks of the Nile came alive with the first-ever Tusker Sauce of the Nile Fest this weekend. Held at the breathtaking Nile Park Resort in Jinja, this event fused Uganda’s rich cultural heritage with a dose of premium entertainment. As the sun dipped below the horizon of the Nile, the festival kicked off with…
Absa Bank Uganda has reaffirmed its commitment to nurturing Ugandan golf talent by sponsoring a team of ten players to compete in the esteemed 2025 Absa Magical Kenya Open. The golfers will participate in the Pro-Am event on February 19, ahead of the main four-day tournament running from February 19 to 23 at the renowned…
A life-changing moment unfolded in Mitoma District as Susan Kyokusiima, a hardworking farmer and bar owner, saw her fortunes turn around after winning UGX 50 million in the Uganda Breweries Laga Swagga Campaign. Susan, who initially joined the campaign with the simple hope of winning airtime, was left stunned when she emerged as the grand…
Uganda Breweries has today donated items worth UGX 30M to the Luzira Youth and Women community. The donation includes 400 plastic chairs, 10 tables, 2 portable mini-sound systems, and 4-fifty-seater tents which will serve as revenue-generating assets through hire towards community development initiatives. While handing over the items to the Youth and Women community in…
Uganda will construct its first climate-resilient market at the Elegu border crossing with South Sudan, backed by funding from the European Union (EU) and Denmark, officials announced on during the Uganda-EU Business Insights Conference in Kampala. The $220 million-a-year trade corridor, vital for Uganda’s exports to South Sudan, has faced repeated disruptions from flooding during…
Mastercard Inc opened its first office in Uganda’s capital Kampala, expanding its East African footprint as part of efforts to drive financial inclusion and digital payment adoption in the region, the company said. The move comes as Uganda’s economy is projected to grow 6.2% annually through 2025, according to government estimates. Mastercard said its local…
President Yoweri Museveni has appointed Dr. Michael Atingi-Ego as the new governor of the Bank of Uganda, ending more than three years of uncertainty following the death of Emmanuel Tumusiime-Mutebile in January 2021. Atingi-Ego, who served as deputy governor, steps into the role permanently after speculation over the prolonged vacancy and absence of an acting…
