Absa and Tata Uganda partner to Boost Affordable School Bus Financing
Absa Bank Uganda has partnered with Tata Uganda to make it easier for schools across the country to acquire safe, modern, and reliable buses for their learners. The partnership will address one of the education sector’s most persistent challenges namely affordable, quality school transport. Through the partnership, schools will be
Absa Empowers Over 21,000 Girls Through Education Initiative
While the legacies of many institutions fade with time, Mpanga Secondary School—nestled in the heart of Fort Portal City—nears its 60th anniversary this December as a shining example of resilience and community support. For decades, it has stood as a beacon of education. Yet for many girls in Fort Portal
Treasury Bond Auction Sees Yield Surge, Undersubscription at 78%
The Uganda shilling traded sideways over the past week, briefly touching session highs of 3645/3655. Mid-week tax remittances provided support for the local unit, though buying interest from entities in the energy sector applied downward pressure. The currency closed the week marginally weaker at 3655/3665. Analysts anticipate that the shilling
Absa Bank wins two awards at the 2025 Global Banking and Finance Awards
Absa Bank Uganda has been honoured with two prestigious accolades at the 2025 Global Banking and Finance Awards: “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the One Million Trees Initiative aimed
“Currency, Money Markets Remain Steady Amid Global Trade Developments”
The Ugandan shilling remained stable, trading within the 3,650–3,670 range, supported by dollar inflows from commodity exporters and offshore investors, according to Richard Nsubuga, a Trader in CIB Markets at Absa Bank Uganda. Demand for the dollar remained low throughout the week. We anticipate the shilling will maintain its strength
Absa Bank Unveils Digi Loans, Online Account Opening to Accelerate Digital Banking Access
In a move to meet the growing demand for fast, convenient, and paperless banking, Absa Bank Uganda has introduced two new digital innovations: Digi Loans and Online Account Opening. The fully self-service solutions, accessible via the Absa Mobile Banking App, Internet Banking, and Hello Money (USSD), enable customers to manage
Ugandan Shilling Ends April Steady as Dollar Inflows Bolster FX Market
The Ugandan shilling closed April trading steady within the 3655–3670 range, supported by dollar inflows from commodity exporters and offshore investors, according to Richard Nsubuga, Acting Head of Trading at Absa Bank Uganda. Demand for hard currency remained subdued throughout the week. Looking ahead, we anticipate the shilling will retain
Ugandan Shilling Remains Steady Amid Balanced Currency Flows and Improved Market Liquidity
The Ugandan shilling held firm against the US dollar throughout the week, trading within a narrow and stable range. This stability was supported by balanced activity between buyers and sellers in the foreign exchange market, according to Catherine Kijjagulwe, Acting Head of Markets at Absa Bank Uganda. Commodity-related inflows were
Ugandan Shilling Stabilizes Amid Balanced Market Activity and Central Bank Intervention
The Ugandan shilling maintained a stable trading range between 3660 and 3675, supported by subdued and balanced market activity. This stability follows a significant market correction from last week’s local unit lows of 3730/3740, and a gradual appreciation that closed the week at 3660/3670. The Bank of Uganda intervened in
Henry Tumusiime Appointed Human Capital Director at Absa Bank Uganda
Absa Bank Uganda has announced the appointment of Henry Tumusiime as its new Human Capital Director, effective 16 April 2025. Henry brings with him over 18 years of experience in organizational leadership and development, human resource management, and cultural transformation. He joins Absa Bank Uganda from Abacus Pharma (Africa) Limited,
