Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BoU) has licensed two more financial solutions under the Sandbox regulatory framework, as it implements laws aimed at promoting financial inclusion and safety. A regulatory sandbox is a framework set up by a financial sector regulator to allow small-scale, live …
Read More »FLOODS: Absa Bank Uganda donates sh60 million to Uganda Red Cross
Absa Bank Uganda donates UGX. 60,000,000 to Uganda Red Cross to strengthen the disaster response capacities towards families affected by floods in Eastern Uganda Mbale, Uganda | THE INDEPENDENT | Absa Bank Uganda has today announced a donation worth Sh60 million to the Uganda Red Cross Society to cater for the …
Read More »Absa Bank Uganda introduces land purchase loans to accelerate home ownership.
Kampala, Uganda | THE INDEPENDENT | In a bid to help more people realise their dream of land and home ownership, Absa Bank Uganda has introduced land purchase loans. These loans will enable customers to access affordable financing for the purchase of land in Greater Kampala and select cities in Uganda. …
Read More »Absa Uganda to fund acquisition of laptops for Kyambogo University students
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has signed a Memorandum of Understanding (MOU) with Kyambogo University that will facilitate the students and staff of the university to acquire laptops and other related accessories on loan instalment basis. “Despite the strong benefits of digital learning, the cost of …
Read More »Wamala era starts with victory for Agaba, Musanabera in Absa Uganda Captain’s Bell tourney
🔵 UGC Captain’s Bell Tournament Category winners: ✳ Men -Dickson Agaba – 40 points ✳ Ladies – Bernadette Musanabera – 41 points ✳ Professionals – Deo Akope – 140 strokes Kampala, Uganda | THE INDEPENDENT | Dickson Agaba, Bernadette Musanabera and Deo Akope were crowned champions of the 2022 Absa bank …
Read More »Absa Bank Captain’s Bell golf tourney climaxes today
Kampala, Uganda | THE INDEPENDENT | The Captain’s Bell Tournament climaxes today, with several prizes up for the taking in the Absa Bank Uganda sponsored event at Uganda Golf Club, Kitante. The first two days of action have seen the professionals, chasing sh10million cash prizes, showing how it is done …
Read More »ABSA Uganda profit more than double but credit demand takes a hit
The lender is seeking opportunities for collaboration while becoming more agile to serve customers beyond traditional banking Kampala, Uganda | ISAAC KHISA | ABSA Bank Uganda, a subsidiary of ABSA Group, a financial services conglomerate based in South Africa, has seen its profit more than double riding on the rebound …
Read More »Absa Uganda shows top bank status with sh110 billion profit
Kampala, Uganda | THE INDEPENDENT | Absa Bank has reinforced its position as one of the leading banks in Uganda after a record year that saw them hit a profit mark of over sh100billion for the first time. Absa Uganda financial results for the year ending December 2021 released on Monday …
Read More »Absa Group appoints Arrie Rautenbach as CEO
Johannesburg, South Africa | THE INDEPENDENT | Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment Tuesday of the 56-year-old South African, follows a thorough recruitment and selection process completed by the Board. “On behalf of the Board, I am …
Read More »Uganda ranked 5th in Absa Africa Financial Markets Index 2021
Kampala, Uganda | THE INDEPENDENT & XINHUA | Uganda is now ranked fifth with a score of 57 out of 23 countries surveyed in the Africa Financial Markets Index (AFMI) 2021. The Absa Group survey, released in Kampala on Wednesday, indicates that Uganda was up from 10th position in comparison to …
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