Tag Archives: Absa

  • Growth in revenue by Sh64bn • Sh146 billion in profit after tax • 12.9% growth in net customer loans standing at Sh1.76 trillion • 16.3% growth in customer deposits to Sh2.45 trillion Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has reported a growth in revenue by Sh64 …

Documentary products such as guarantees, letters of credit and supply chain finance are the “core solutions that the lender expect to see continued demand for” from Chinese corporates ANALYSIS | FELIX THOMPSON | Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China …

Johannesburg, South Africa | THE INDEPENDENT | Absa on Monday launched its repositioned brand to the market signalling a shift to being a more deliberately customer-centric business with the new brand promise of ‘Your Story Matters’. According to Arrie Rautenbach, Group CEO of Absa, the bank has set a clear trajectory …

Kampala, Uganda [21 February 2024] | Absa Bank Uganda has been recognised as the Best Corporate Social Responsibility (CSR) Bank in Uganda and the Best Bank for Sustainable Development Uganda in the 2024 Global Banking & Finance Awards. The bank was recognised for its Environmental, Social and Governance (ESG) focused …

Kampala, Uganda | THE INDEPENDENT  | The 10 golfers from Uganda who will be taking part in the Pro-Am event of the 2024 Magical Kenya Open have been flagged off during a ceremony at Absa Bank Uganda. Absa is sponsoring the entire contingent’s participation in the prestigious tournament – happening …

Johannesburg, South Africa | THE INDEPENDENT |  Absa Group has announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with the official launch event in Beijing, scheduled for 8 May 2024. At a …

 Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda, in partnership with the Kampala Hash House Harriers (KH3), has announced the second edition of the Absa KH3 – 7 Hills Run. This running event is set to take place on Sunday, 17 March 2024, at the Kololo Airstrip. The 21km …

Kampala, Uganda | THE INDEPENDENT |  In a bid to support customers in meeting their beginning-of-year goals, Absa Bank Uganda has unveiled solutions under a dynamic two-fold campaign designed to bolster both individual aspirations and business growth. The three-month campaign, under the theme “Jooga2024 Ne Absa” for individuals and “Tumbula …

 Local financial companies are capitalising on the opportunities left by international banks exiting Africa yet continue to struggle with the gap between perceived and actual risks in the market. SPECIAL REPORT | BIRD AGENCY |  In early 2022, UK-headquartered Standard Chartered Bank announced it was exiting five African countries and …

Hoima, Uganda  | THE INDEPENDENT | Absa Bank Uganda has joined Hostalite Limited to plant 50,000 indigenous tree species in Hoima City, in a campaign dubbed Green Hoima. The campaign aims at planting trees in 33 primary schools, 4 tertiary institutions and 7 secondary schools in Hoima City. Speaking at the …