Absa Bank Uganda is calling for greater focus on converting Uganda’s growing pipeline of investment opportunities into financed projects and productive businesses, as the country seeks to accelerate investment across energy, infrastructure, minerals, manufacturing and technology. Attracting investor interest is only part of the challenge. Converting that interest into investment requires projects and businesses with…
Commissioning of the Kanu Primary School changing rooms and WASH facility/ courtesy photo Absa Bank Uganda and World Vision Uganda commissioned new water and sanitation facilities in Abim District, extending the impact of the Absa KH3 7 Hills Run in addressing barriers that affect girls’ participation in education across Uganda. The facilities include changing rooms…
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…
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…
NEMA ED, Dr. Akankwasah Barirega hands Absa’s Pamela Turyatunga the Green Financial Institution Award recognising the bank’s efforts in sustainable financing & environmental stewardship. Courtesy photo Absa Bank Uganda has been recognised as the Green Financial Institution of the Year at the third edition of the National Environment Management Authority (NEMA) Sustainability Awards, held last…
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 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…
Absa Bank Uganda and Uganda Electricity Distribution Company Limited (UEDCL) have today announced the advancement of a five-year USD 50million, landmark financing facility to the electricity distributor to strengthen national power distribution. This landmark transaction marks a defining moment for Uganda’s energy sector, and the facility is UEDCL’s inaugural debt financing. The facility will enable…
Standard Chartered and Absa Bank Uganda, a wholly owned subsidiary of the Absa Group, have entered into an agreement for the sale of Standard Chartered Uganda’s Wealth and Retail Banking (WRB) business portfolio in Uganda. This follows Standard Chartered’s 27 November 2024 announcement of its intention to explore a potential sale, in line with the…
Absa Uganda has today hosted an industry-wide workshop focused on the critical importance of data privacy in the digital age. The event was held at the Golden Tulip Hotel in an effort to boost and uphold the highest standards of ethical banking and customer protection. Under the theme, “Data Privacy is a Driver of Customer…
