The World Bank has named Ms. Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda effective August 1, 2025. She will lead a country portfolio currently worth $4.5 billion, which includes 18 active projects that cover sectors ranging from energy access to refugee livelihood support. As Country Manager, Ayo, as…
Safaricom, M-PESA and PayPal have announced a strategic collaboration to enable account linking and seamless fund transfers across their networks. This collaboration aims to empower more than 35 million M-PESA customers and two million businesses and micro traders in Kenya to access PayPal’s global network. By first linking their PayPal and M-PESA wallets, users can…
The sun was high and so were the spirits as revellers gathered at the UMA Showgrounds in Lugogo to celebrate Bunyoro and Tooro culture at the 2025 edition of Kwegonza Avenue. The event brought together crowds to celebrate tradition and guests were welcomed with a complimentary Pilsner King as they were ushered to the red…
Absa Group CEO Kenny Fihla visited Uganda this week as part of his first strategic East Africa roadshow since taking up the role of Group CEO last month, aimed at deepening relationships with clients, colleagues, and stakeholders across the region. The visit underscores Absa’s commitment to regional integration, customer-centricity, and long-term investment in East Africa’s…
Absa and Visa have renewed their strategic partnership to accelerate the development of innovative, inclusive, secure, and digitally enabled financial payment ecosystems across Absa’s Regional Operations (ARO) which incorporates Absa’s presence outside South Africa. The agreement, formalised at a signing ceremony in Johannesburg, marks a significant milestone in a relationship that has driven innovation and…
Absa Bank Uganda has today handed over cash prizes totaling UGX40 million to four winners from the ongoing card usage campaign dubbed Play Your Cards Right. The campaign runs from June to August 2025 and is open to all Absa debit and credit cardholders, both personal and business. To take part, customers use their Absa…
In line with its commitment to offer clients safe, trusted and efficient digital assets solutions and following the successful launch of its digital assets custody service, Standard Chartered recently launched a fully integrated digital assets trading service for institutional clients. The offering includes spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) through its UK branch…
Absa Bank Uganda has announced the appointment of two new Non-Executive Directors to its Board; Hassan Saleh and Gloria Byamugisha. Hassan Saleh is a seasoned business executive with extensive experience across the fast-moving consumer goods (FMCG), telecommunications, and broadcasting sectors. Gloria Byamugisha is a distinguished human resource professional with over 25 years of experience spanning…
Equity Bank has been named Best Regional Bank in East Africa at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire. This prestigious award highlights the Bank’s significant role in deepening financial inclusion, empowering communities, and promoting sustainable economic development across East Africa. Equity Bank’s recognition is a reflection of its impactful presence across…
Absa Bank Uganda treated several of its customers to a fun evening filled with band music and food at Sheraton Kampala, during the relaunch of Absa Bank Business Club The event was defined by lively social interactions and laughter, accompanied by cocktails and entertainment from the Xavieliee Band (in-house Sheraton band), amidst a calm and…
