Absa Bank Acquires Standard Chartered’s Retail Banking Business
Standard Chartered Bank Uganda and Absa Bank Uganda have entered into an agreement for the sale of Standard Chartered’s Wealth and Retail Banking (WRB) business portfolio in Uganda. This development follows Standard Chartered’s November 27, 2024 announcement of its intention to explore a potential sale, in line with the bank’s
David Wandera appointed Managing Director of Absa Bank Uganda
David Wandera has been appointed as Managing Director of Absa Bank Uganda effective 5 May 2025, following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this
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,
Absa Bank posts Shs 546 billion revenue in 2024
Absa Bank Uganda has posted a robust set of financial results for the year ended December 31, 2024, with profit after tax rising by 22% to Shs 178 billion. Revenue increased by 15% to Shs 546 billion, which is a reflection of strategic investments made and unwavering customer loyalty to
