Experts define outlook for the sector amidst COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | What is the future of agribusiness given the prevailing effects brought about by coronavirus pandemic? How can agribusiness enterprises weather these effects and remain profitable while contributing growth of the economy? These are some of …
Read More »Absa Bank Uganda eases payments using VISA debit cards
Kampala, Uganda | THE INDEPENDENT | Julius Businge | Following the launch of the Absa brand in Uganda in November 2019, the bank introduced the new Absa Vertical Cards with new and enhanced features. One of the key features on the vertical card is the contactless functionality, which gives customers the …
Read More »Bringing possibility to life during a crisis
Absa has reacted swiftly to the COVID-19 pandemic by designing, offering and implementing smart solutions and offering significant financial respite during these times. COMMENT | Vimal Kumar | When a crisis of the magnitude of Covid-19 strikes, it is our role as a responsible lender to put forward various immediate and …
Read More »Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the …
Read More »Absa Bank Uganda introduces COVID-19 customer payment relief solutions
NEW PACKAGE: ABSA Uganda customers to be offered payment holidays of up to 6 months to help mitigate effects of COVID-19 Kampala, Uganda | THE INDEPENDENT | As Uganda and the rest of the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Bank Uganda …
Read More »Uganda improves in the Absa index
But it must promote exports, manage debt and collect more tax Kampala, Uganda | JULIUS BUSINGE | The 2019 Absa Africa Financial Market Index Report for Uganda released on Jan.28 in Kampala has some good news. The index, which evaluates financial market development in 20 countries, shows that Uganda remains …
Read More »Absa will be ‘globally scalable’ with US presence
Absa Bank plans to scale up its business by opening offices across the world, including in New York to help US companies expand into Africa. | MADDY WHITE | The US representative office is expected to be operational by the end of the year. It follows Absa opening a London office …
Read More »Barclays Uganda re-brands, changes to Absa colours
Kampala, Uganda | THE INDEPENDENT | Barclays bank Uganda has started pulling down its old company branding, changing colors and name to Absa. The bank’s branch at Lugogo has already seen the blue color ditched and re-branded with maroon and red colors and name changed from Barclays to Absa. Robinah …
Read More »Kaizer Chiefs blunder gifts Mamelodi Sundowns victory
Johannesburg, South Africa | AFP | A disastrous mistake by Kaizer Chiefs goalkeeper Virgil Vries gifted Mamelodi Sundowns a 2-1 victory this weekend in a high-profile South African Premiership showdown. Namibian Vries came too far off his line and a seemingly aimless 81st-minute long pass from Lyle Lakay bounced over …
Read More »Barclays planned change of name to ABSA in Kenya challenged
Kampala, Uganda | THE INDEPENDENT | Barclays Bank of Kenya’s planned change of trade name to ABSA has run into strong headwinds after a local company went to court to stop the shift on grounds that it reserved and has been using the name for more than a decade, according to …
Read More »