Tag Archives: Absa

Kampala, Uganda | PHILLIP CORRY | The Captain’s Bell golf tournament held annually at the Uganda Golf Club, has received a major boost by ABSA Bank, who have offered the event sh133 million. The tournament tees off on May 20, at the par 72 Kitante course. “The Captain’s Bell tournament …

Summary Growth in revenue by UGX46bn. UGX141 billion in profit after tax, maintaining triple digit profit for the second year running. 8% growth in net customer loans standing at UGX1.567 trillion. 94% drop in impairment, indicating an improvement in the construct of the loan book. 4% growth in customer deposits …

Kampala, Uganda | INDEPENDENT REPORTER  | Absa Bank Uganda has continued its commitment to support the resourcing of the Police Training School in Kabalye by handing over additional 17 computers and a projector worth Shs 44 million. The equipment was received by the Commandant of the School, the Assistant Commissioner of …

Kampala, Uganda | INDEPENDENT REPORTER  | Absa Bank Uganda on Thursday treated its Muslim customers and partners who are observing the holy month of Ramadan to an iftar dinner held at Kampala Serena Hotel. The annual observance of Ramadan is one of the five pillars of Islam. Absa Muslim staff donated …

Kampala, Uganda | THE INDEPENDENT | Staff from Absa Bank Uganda have planted 300 trees and adopted 100 indigenous trees at the Makerere University School of Forestry, Environmental and Geographical Sciences Botanical Garden. The new Botanical Garden is found at Makerere University Agricultural Research Institute Kabanyolo, as part of the …

Johannesburg, South Africa | THE INDEPENDENT | Absa’s leading role in sustainable financing supports move towards zero emissions as the Group makes significant strides in meeting renewable energy loan targets Absa Group, Africa’s largest funder of renewables, announced today its long-term ambition to reach Net Zero state by 2050 for …

  Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda and Enterprise Uganda signed a Memorandum of Understanding that will see the two organisations partner to offer Micro, Small and Medium-size Enterprises (MSMEs) business development services and upskilling in financial literacy in 9 districts across Uganda. Beginning on 3 April …

  Johannesburg, South Africa | THE INDEPENDENT |  Absa Group has today reported strong normalised headline earnings of R21 billion ($1.15billion) for the 2022 financial year, an increase of 13% from the prior year and well above pre-COVID levels. The result, Absa Group said,  was driven by significantly higher pre-provision …

Kampala, Uganda | THE INDEPENDENT & AGENCIES | Jeremy Awori, Kenya’s seasoned banker, has officially joined Ecobank as its new Chief Executive Officer (CEO), a few months after exiting Absa Bank Kenya. Awori was appointed Pan-African lender CEO in September of last year, succeeding Ade Ayeyemi, who retired. He joins from …

Kyegegwa, Uganda | THE INDEPENDENT | Members of staff from Absa Bank Uganda under the Women Network Forum yesterday donated assorted items and provided skilling to 70 teenage mothers in Kyegegwa. At a ceremony held at Kakabara Primary School in Kyegegwa District in Western Uganda, the ladies donated assorted essential items …