Absa targets Uganda’s growing wealth as investors seek bigger opportunities
Uganda’s growing pool of savings and investments is creating a new battleground for financial institutions, with Absa Bank Uganda moving to position itself as a one-stop partner for customers looking to grow, diversify and preserve their wealth. The bank yesterday launched Absa Wealth, a new proposition that brings together wealth
Absa, Makerere train journalists in financial reporting
Absa Bank Uganda, in partnership with Makerere University, has trained 17 journalists in financial, business and data-driven reporting as part of efforts to strengthen specialised journalism in Uganda. The two-day training, held at Makerere University, was the second edition of the Absa-Makerere Journalism Masterclass, which is being conducted under a
Absa calls for investment execution to drive Uganda’s next growth cycle
Absa Bank is calling for greater focus on converting Uganda’s growing pipeline of investment opportunities into financed projects and productive businesses, as the country seeks to accelerate investment across energy, infrastructure, minerals, manufacturing and technology. Attracting investor interest is only part of the challenge. Converting that interest into investment requires
Absa Bank loses case, ordered to compensate dismissed IT engineer
The Industrial Court has ordered Absa Bank Uganda Limited to pay Shs 14 million to a former employee, Eddy Muleme, after finding that his dismissal was procedurally unfair. Muleme, an Information Technology professional, had worked with the bank since July 2007, rising through the ranks to become Data Centre and
Over 20 Boys Step into the Shoes of Absa Senior Executives for a Day
Twenty-four secondary school students from across Uganda spent a day shadowing senior leaders at Absa Bank Uganda as part of a mentorship initiative aimed at exposing young people to leadership, decision-making and the world of work. The students, drawn from Junior Achievement Uganda’s Company of the Year programme, were paired
BoU Clears Absa Takeover of Standard Chartered Retail, Wealth Business
The Bank of Uganda (BoU) has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business to Absa Bank Uganda, marking a major development in the country’s banking sector. The regulatory greenlight paves the way for Absa to take over Standard Chartered’s retail and wealth portfolio,
Shilling holds steady amid subdued demand, external uncertainties persist
The Uganda shilling remained largely stable during the week, supported by improved investor sentiment following easing geopolitical tensions in the Middle East. Most corporates stayed on the sidelines as they prioritised shilling liquidity to meet mid-month tax obligations, limiting activity in the foreign exchange market. The local unit traded at
Absa appoints Catherine Kijjagulwe as Head of Markets
Absa Bank has appointed Catherine Kijjagulwe as head of Markets, effective 20 January 2026. Catherine brings over two decades of deep expertise in financial markets, with a strong track record in treasury management, trading, and market strategy. She previously served as Head of Trading at Absa Bank Uganda, where she
Absa Plants One Million Trees Ahead of Three-Year Commitment
Absa Bank Uganda has achieved its goal of planting one million trees, surpassing the three-year timeline initially set for the program, which began in February 2023. The bank’s tree planting initiative has seen remarkable progress, with 340,590 trees planted in 2023, 372,641 trees in 2024, and 568,086 trees in 2025.
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
