🔵 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 …
Read More »Businesses reap as schools re-open
Privately owned schools and teachers owe financial institutions more than Shs1.5trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s decision to re-open schools after nearly two years to control the spread of coronavirus in the population has come as a blessing to traders in Kampala, according to Thadeus Musoke, the acting …
Read More »Is Uganda’s economy failing?
Why Ugandan pundits are mistaken in their understanding of why some foreign firms have quit our market THE LAST WORD | ANDREW M. MWENDA | A couple of multinational firms have pulled out of Uganda in the last one decade. Oil giant Shell sold itself to Vivo, Barclays Bank …
Read More »Absa: Economy is struggling but outlook is positive
Oil, agriculture and BoU to determine the recovery path, executives say Kampala, Uganda | THE INDEPENDENT | Economic recovery in the coming years will largely depend on oil and gas, agriculture and Bank of Uganda’s monetary policy decisions, according to Absa Bank Uganda executives. Speaking via a recent virtual conference …
Read More »Regional trade promotion
Manufacturers, experts want government to put in place protective measures | THE INDEPENDENT | How can Uganda take advantage of regional markets to boost economic activities? How best can the private sector work with government to tap into business opportunities in the East African region and beyond? These are pertinent …
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