Absa’s head office, based in the Johannesburg CBD. Image: Moneyweb DHL Express, the world leader in international express shipping, and Absa Group, a leading pan-African financial services provider, have signed a Memorandum of Understanding (MOU) under DHL’s GoTrade initiative to support small and medium‑sized enterprises (SMEs) across Sub-Saharan Africa to trade beyond borders and unlock…
The Uganda shilling traded sideways during the week against the dollar in last week’s trading session, influenced by balanced greenback demand and supply, according to Absa Bank Uganda weekly market report. Demand was largely seen coming from the energy, manufacturing, and telecommunications sectors, while balancing supply was seen originating from commodity exporters, Non-Profit Organizations, and…
The Uganda shilling traded on a weaker footing against the US dollar in today’s session, depreciating from opening levels of 3730 / 3740 to close at 3745 / 3755, according to Thursday Absa Ban Uganda Market Report. The decline was driven by strong interbank dollar demand, largely influenced by heightened geopolitical tensions in the Middle…
Absa Bank Uganda has recognised 13 outstanding dealer partners through the inaugural Titan Awards, a new annual initiative aimed at strengthening strategic partnerships that expand access to vehicle and asset finance, enabling businesses and individuals to invest in the productive assets that drive Uganda’s economic growth. In his remarks, David Wandera, Managing Director, Absa Bank…
The Uganda shilling strengthened against the dollar during today’s trading session, supported by subdued corporate dollar demand, according to Wednesday’s Market Report by Absa Bank Uganda. The local currency also benefited from month-end foreign exchange inflows, particularly from remittances and non-governmental organizations (NGOs). As a result, the shilling appreciated from opening levels of 3755 /…
Absa Uganda, in partnership with Reach A Hand Uganda, hosted an impactful peer-learning session at Revival Girls Secondary School in Mbarara, extending financial literacy and life skills to 345 students. The event marked another milestone in the second year of the strategic partnership built on an innovative peer-education model with Reach A Hand. The initiative…
Absa Uganda CFO Michael Segwaya giving his remarks during the 2nd Energy Convention At the 2nd Energy Convention held at Four Points by Sheraton on Friday, 24th July, key policy drivers and financial leaders gathered to tackle Uganda’s transition from power generation to universal access. The day commenced with a high-level dialogue and a ministerial…
The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according Absa Bank Market Report. According to the report, the demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The shilling was seen trading at 3755…
The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according to Thursday Absa Market Report. The demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The local unit opened the day trading at 3735 /…
Absa Bank Uganda has reaffirmed its commitment to supporting Uganda’s economic transformation through stronger collaboration with Government and increased financing for key sectors of the economy. The commitment was made during a meeting between the bank’s leadership and the Minister of Finance, Planning and Economic Development, Henry Musasizi, at the Ministry of Finance. The discussions…
