Tag Archives: Kalifungwa

Kampala, Uganda | THE INDEPENDENT | The FY2023/24 budget presents both challenges and opportunities but through open and constructive engagements, Ugandans can navigate through these times effectively, according to Mumba Kalifungwa, the Managing Directro for Absa Bank Uganda. Kalifungwa was speaking at a budget breakfast meeting held in Kampala on …

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 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 | Absa Bank Uganda has treated several of its customers to an end-of-year cocktail evening at the Sheraton Kampala Gardens to appreciate them for continuing to do business with the bank. The outdoor evening  was defined by lively social interactions and laughter, cocktails and entertainment …

Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda has partnered with the Uganda Institute of Information and Communication Technology (UICT) to provide ICT skills training to youth in vocational institutions around the country. The training is accredited by Amazon Web Services (AWS) following a partnership between AWS, a leading …

Absa Bank Uganda donates UGX. 60,000,000 to Uganda Red Cross to strengthen the disaster response capacities towards families affected by floods in Eastern Uganda Mbale, Uganda | THE INDEPENDENT | Absa Bank Uganda has today announced a donation worth Sh60 million to the Uganda Red Cross Society to cater for the …

Masindi, Uganda | THE INDEPENDENT | Absa Bank Uganda has committed to donate IT equipment worth sh131 million to the Uganda Police Training School at Kabalye, Masindi. The donation will include 10 laptops, 60 desktops, a projector and internet connection for the school’s resource center The announcement was made by …

  Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has signed a Memorandum of Understanding (MOU) with Kyambogo University that will facilitate the students and staff of the university to acquire laptops and other related accessories on loan instalment basis. “Despite the strong benefits of digital learning, the cost of …

However, the lender remains strong with its capital growing up to 23%, higher than 12.5% regulatory cap Kampala, Uganda | JULIUS BUSINGE | Absa Bank Uganda Ltd saw its net profit sharply drop by nearly 50% from Shs78bn in 2019 to Shs40bn in 2020 as coronavirus pandemic took toll on …

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 …