Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …
Read More »Absa group finally celebrates its separation from Barclays
Kampala, Uganda | Julius Businge | On June 08, Absa Bank Uganda’s parent company, Absa Group Limited announced the substantial completion of critical projects on its separation journey. The Bank said in a notice dated June 08 that, following Barclays PLC’s decision to sell down its controlling stake in Barclays Africa …
Read More »Absa Bank Uganda donates medical supplies to Kilembe mines hospital
Kasese, Uganda | Julius Businge | On June 02, Absa Bank Uganda made a donation worth Shs 30 million towards the purchase of essential medical equipment and supplies for Kilembe Mines Hospital, a private not for profit health facility whose infrastructure was damaged and swept away by recent heavy flooding. The …
Read More »Absa bank donates mobile tents worth Shs 100m to manage COVID-19
Kampala, Uganda | Julius Businge | Absa Bank Uganda Limited has donated four mobile isolation EpiTents units valued at Shs 100 million to the Ministry of health to support the emergency response to the COVID-19 pandemic. The donation was handed over by the bank’s top bank officials to the Ministry of …
Read More »Absa, Stanchart fly high as 2019 turns great year for bankers
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda and Standard Chartered bank have announced a jump in profits for the year 2019, completing the set of the top five most profitable banks in the country. Stanbic, Centenary, Standard Chartered, Absa and Dfcu bank respectively make up the top five …
Read More »Absa Uganda to start operation after licensing from Bank of Uganda
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has officially received its license from Bank of Uganda, dropping the Barclays brand tag. Absa Uganda interim boss Nazim Mahmood together with other bank’s executive received the license from the Central Bank on Monday. Mahmood told reporters that “there will be no …
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