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Tag Archives: Absa

Absa: Economy is struggling but outlook is positive

Oil, agriculture and BoU to determine the recovery path, executives say Kampala, Uganda | THE INDEPENDENT | Economic recovery in the coming years will largely depend on oil and gas, agriculture and Bank of Uganda’s monetary policy decisions, according to Absa Bank Uganda executives. Speaking via a recent virtual conference …

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Regional trade promotion

Manufacturers, experts want government to put in place protective measures | THE INDEPENDENT | How can Uganda take advantage of regional markets to boost economic activities? How best can the private sector work with government to tap into business opportunities in the East African region and beyond? These are pertinent …

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Absa regional operations tops retail banking in Africa

ABSA wins big at 2020 Global Retail Banking Innovation Awards Kampala, Uganda | THE INDEPENDENT | The role of Absa Group Limited’s Regional Operations (ARO) in using technology and coming up with strategic responses to the COVID-19 pandemic, have earned them a top Global Retail Banking Innovation Award. Absa Group …

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Surging interest rates could slow economic recovery

Lending to be directed to sectors crucial to socio-economic development including SMEs, trade, industry and agri-business Kampala, Uganda | JULIUS BUSINGE | Interest rates have risen over the past two quarters this year but commercial bank executives say current levels are still fair to both lenders and borrowers. The latest …

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Absa Bank Uganda agribusiness forum

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 …

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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 …

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