London, UK | PREMIERLEAGUE | Erik ten Hag has been named the Barclays Manager of the Month after guiding Manchester United through February unbeaten. Ten Hag led Manchester United to 10 points from four matches, beating Crystal Palace, Leeds and Leicester City as well as overseeing a come-from-behind draw with Leeds, …
Read More »Absa Bank treats Muslim customers to Iftar dinner
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda hosted its Muslim customers and staff who are observing the holy month of Ramadan to a dinner last evening to break their fast at Sheraton Hotel in Kampala. The annual observance of Ramadan is one of the five pillars of Islam. The …
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 Bank Uganda introduces COVID-19 customer payment relief solutions
NEW PACKAGE: ABSA Uganda customers to be offered payment holidays of up to 6 months to help mitigate effects of COVID-19 Kampala, Uganda | THE INDEPENDENT | As Uganda and the rest of the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Bank Uganda …
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 …
Read More »Barclays Uganda re-brands, changes to Absa colours
Kampala, Uganda | THE INDEPENDENT | Barclays bank Uganda has started pulling down its old company branding, changing colors and name to Absa. The bank’s branch at Lugogo has already seen the blue color ditched and re-branded with maroon and red colors and name changed from Barclays to Absa. Robinah …
Read More »Barclays Bank Uganda Managing Director Rakesh leaves
Kampala, Uganda | JULIUS BUSINGE | After five years at the helm of Barclays Bank Uganda as Managing Director, Rakesh Jha has left, according to a media release dated July 15. Insiders say he has left because of personal reasons. During his tenure, the bank was seen to be …
Read More »Barclays rebounds into profit in 2018
London, United Kingdom | AFP | Barclays rebounded sharply into profit in 2018, as a vast hit from the previous year on the sale of its African business was not repeated, the British bank announced Thursday. The lender’s performance came despite vast litigation costs and a new charge on the impact …
Read More »Barclays profit surges in third quarter
London, United Kingdom | AFP | British bank Barclays on Wednesday reported a 72-percent surge in quarterly net profits as strong performances by its retail and credit card divisions offset weakness at its investment unit. Profit after tax jumped to £1.0 billion ($1.3 billion, 1.1 billion euros) in the three …
Read More »Shareholders approve change of Barclays to Absa Group Limited
Johannesburg, South Africa | THE INDEPENDENT | Barclays Africa Group Ltd shareholders have approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time. The group name change will not affect …
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