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…
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…
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…
Absa Bank Uganda is pleased to announce the appointment of Moses Rutahigwa as Retail and Business Banking Director, effective 02 May 2025. With 17 years of extensive experience in the banking sector, Moses joins Absa from Standard Chartered Bank Botswana, where he served as Head of Wealth and Retail Banking. His appointment reaffirms Absa’s commitment…
The 2025 edition of the Absa KH3 7 Hills Run witnessed another impressive turnout as over 6,000 running enthusiasts defied the morning downpour to support the cause of keeping the girl child in school. Flagged off by the Kampala Capital City Authority (KCCA) Executive Director, alongside senior Absa Bank Uganda Interim Managing Director and KH3…
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…
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…
BY DAVID WANDERA The concept of New Year, New Me” is probably as old as calendars, but be-coming a new version of yourself can be a little more complex than the mantra makes it out to sound. The in-stinct is to hit the ground running with as many objectives and targets as possible, but if…
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…
