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…
Absa Bank Uganda has entered a three-year partnership with Junior Achievement Uganda (JAU) to deliver a financial literacy and entrepreneurship programme that will empower more than 25,000 learners (aged up to 25 years) with practical skills for sustainable livelihoods and the future world of work. The initiative builds on Absa Group’s long-standing collaboration with Junior…
Absa Bank Uganda today officially relaunched its flagship Absa Business Club, an enhanced platform designed to accelerate the growth of small and medium-sized enterprises (SMEs) through holistic business support, strategic networking, and access to regional and international markets. At the heart of the relaunch is a bold, partnership-driven model that transforms the Business Club from…
Cwinyaai lit up the UGC Kitante course with a record-equalling 63 strokes on day one—featuring an incredible nine birdies. He carried that momentum through the tournament, posting a total score of 200 over 54 holes, 16 under par, to comfortably win the Gross (amateur) category. This victory marked his third straight title and saw him…
Absa Bank Uganda has been honoured with two prestigious accolades at the 2025 Global Banking and Finance Awards: “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the One Million Trees Initiative aimed at mitigating climate change by…
Absa Bank Uganda is pleased to announce the appointment of David Wandera as Managing Director, effective 5 May 2025, following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this appointment, he…
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…
