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
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
