The battle lines for the future of African finance are being redrawn. In a move that has sent ripples through the continent’s financial corridors, Absa Group has appointed Sitoyo Lopokoiyit, the former Managing Director of M-Pesa Africa, to head its…
A new chapter of empowerment and aggressive market expansion is being written in Uganda’s financial sector. David A. Wandera, a local son with Pan-African expertise, has made history as the first Ugandan to be appointed Managing Director and CEO of…
Absa Bank Uganda is redefining what leadership looks like at the board level, with the appointment of two strategic heavyweights, Gloria Evelyn Byamugisha and Hassan Saleh, as Non-Executive Directors. This isn’t just routine board renewal. It’s a signal that Absa…
One hundred days ago, the Uganda Electricity Distribution Company Limited (UEDCL) officially took the reins of electricity distribution from Umeme Ltd, ushering in a new era for Uganda’s power sector. This milestone was envisioned as a significant step towards a…
Absa Bank Uganda’s recent launch of the Absa Digi Loan and online account opening platform is a significant step towards achieving the government’s objectives of financial inclusion and economic growth. According to Moses Rutahigwa, the Director, Retail and Business Banking…
Absa Bank Uganda has announced the appointment of David A. Wandera as its new Managing Director. With over 20 years of banking experience and a strong track record of delivering results, Wandera is exceptionally qualified to lead the bank’s next…
Absa Bank Uganda has appointed Moses Rutahigwa as Retail and Business Banking Director, effective 02 May 2025. With 17 years of extensive experience in the banking sector, Rutahigwa joins Absa from Standard Chartered Bank Botswana, where he served as Head…
After a successful tenure as Chief Executive Officer of Absa Bank, Mumba Kenneth Kalifungwa has bid farewell to the institution, paving the way for his new role as CEO of Stanbic Bank Uganda. Kalifungwa’s leadership at Absa Bank was marked…
In a groundbreaking partnership, Uganda Airlines and Absa Bank have teamed up to support the education and empowerment of the girl child in Uganda. The collaboration is centered around the 3rd Absa KH3-7 Hills Run, scheduled to take place on…
Members of Uganda Bankers’ Association (UBA) held their annual general meeting on the 17th May 2024 and elected Mr. Julius Kakeeto, as the new Chair taking over from Ms. Sarah Arapta who served for a two-year term of office (2021…
The URA Commissioner General, John R. Musinguzi has called upon the early adopters of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) to support their counterparts who are still facing challenges to enable EFRIS fully take off. He made the…
Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the coronavirus pandemic. The latest annual survey by South Africa’s African Business Magazine ranks…
Centenary Bank and Absa wrote the largest premiums from bancassurance for the quarter ended March, details from Insurance Regulatory Authority (IRA) show. During the period, data from IRA indicates, Centenary Bank wrote the largest premiums in the life category, recording…
Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. “On behalf of the Board, I am delighted to announce the appointment of Arrie as our Group CEO. I am confident that his leadership…