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 »
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 …
Read More »
However, the lender remains strong with its capital growing up to 23%, higher than 12.5% regulatory cap Kampala, Uganda | JULIUS BUSINGE | Absa Bank Uganda Ltd saw its net profit sharply drop by nearly 50% from Shs78bn in 2019 to Shs40bn in 2020 as coronavirus pandemic took toll on …
Read More »
However, the financial services sector is not out of the woods yet Kampala, Uganda | JULIUS BUSINGE | Uganda has for the fourth consecutive year maintained the 10th position in the Absa Africa Financial Market Index 2020, signalling a stagnation in performance. The report, released by Absa Bank shows …
Read More »
ABSA wins big at 2020 Global Retail Banking Innovation Awards Kampala, Uganda | THE INDEPENDENT | The role of Absa Group Limited’s Regional Operations (ARO) in using technology and coming up with strategic responses to the COVID-19 pandemic, have earned them a top Global Retail Banking Innovation Award. Absa Group …
Read More »
Lending to be directed to sectors crucial to socio-economic development including SMEs, trade, industry and agri-business Kampala, Uganda | JULIUS BUSINGE | Interest rates have risen over the past two quarters this year but commercial bank executives say current levels are still fair to both lenders and borrowers. The latest …
Read More »
COMMENT | VIMAL KUMAR | What is now very clear, is that in terms of digital innovation and progress, we have had to compress several years of evolution into a very short space of time as everyone has been forced to adapt to managing businesses remotely and the deployment …
Read More »
Experts define outlook for the sector amidst COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | What is the future of agribusiness given the prevailing effects brought about by coronavirus pandemic? How can agribusiness enterprises weather these effects and remain profitable while contributing growth of the economy? These are some of …
Read More »Kampala, Uganda | THE INDEPENDENT | Julius Businge | Following the launch of the Absa brand in Uganda in November 2019, the bank introduced the new Absa Vertical Cards with new and enhanced features. One of the key features on the vertical card is the contactless functionality, which gives customers the …
Read More »
Absa has reacted swiftly to the COVID-19 pandemic by designing, offering and implementing smart solutions and offering significant financial respite during these times. COMMENT | Vimal Kumar | When a crisis of the magnitude of Covid-19 strikes, it is our role as a responsible lender to put forward various immediate and …
Read More »
The Independent Uganda: You get the Truth we Pay the Price