By Richard Nsubuga, Head of Trading Absa Bank Uganda The Uganda shilling registered gains during the week with support seen coming from strong dollar inflows from commodity exporters and offshore investors amidst demand from corporates who preferred to reserve their shilling liquidity as they pay their end of Financial Year tax obligations. Additionally, positive headlines…
Group Photo of Absa Staff, students and chaperones for the Job Shadowing Program Twenty-four secondary school students from across Uganda spent a day shadowing senior leaders at Absa Bank Uganda as part of a mentorship initiative aimed at exposing young people to leadership, decision-making and the world of work. The students, drawn from Junior Achievement…
By Richard Nsubuga, Head of Trading Absa Bank Uganda The Uganda Shilling registered decent gains on Tuesday in a session that was dominated by strong inflows from the offshore, commodity and the local corporates amidst the waning demand attributed to the end of financial year tax payments and the ongoing easing geopolitical tensions in the…
By Richard Nsubuga, Ag. Head of Trading Absa Bank Uganda The Uganda shilling remained broadly stable against the US dollar during the week, trading within the 3755–3775 range. However, signs point to potential appreciation in the near term, as corporate demand is expected to ease with many firms conserving shilling liquidity to meet end-of-financial-year tax…
Standard Chartered Bank Uganda and Absa Bank Uganda Limited have received regulatory approval from the Bank of Uganda for Standard Chartered Bank Uganda Limited to sale its Wealth and Retail Banking (WRB) business to Absa Bank Uganda Limited. The approval marks an important milestone for Uganda’s banking sector and reflects continued confidence in the strength,…
Absa Bank Uganda, has announced a bold commitment to grow 2 million indigenous, fruit, shade and medicinal trees over the next three years, reinforcing the bank’s long-term dedication to climate action, environmental restoration, and sustainable community development across the country. The commitment was unveiled alongside the launch of the 2026 School Greening Drive in Northern…
Absa Bank Uganda is positioning for its next phase of growth after a strong 2025 performance, with customer deposits rising to UGX 4.6 trillion and total assets increasing by 29.4%, strengthening its capacity to extend financing as demand for financial services grows. “Our performance in 2025 reflects the deliberate choices we have made to strengthen…
In honour of the holy season of Ramadhan, Absa Bank Uganda hosted over 200 members of the Muslim community for an Iftar dinner as part of its continued engagement with Muslim clients, partners, and community leaders. Beyond the evening of fellowship, the bank also announced a donation of essential food items and scholastic materials to…
Absa Bank Uganda, in partnership with Junior Achievement (JA) Uganda, today officially announced the start of the 2026 Company of the Year (COY) schools’ competition. The launch ceremony, held at Aga Khan High School, doubled as a celebratory handover of a USD 1,000 prize cheque to the school’s student innovators, following their victory at the…
Uganda has jumped into the 3rd position in the Absa Africa Financial Markets Index (AFMI), a leap from the 4th position in 2024. The index evaluates 28 countries, looking at factors such as market depth, access to foreign exchange, and macroeconomic stability. According to AFMI 2025, Uganda scored 66 points, behind only South Africa (86)…
