Absa Bank Uganda

With deep sadness, we mourn the passing of Grace Mbabazi, our dear colleague who served as a Merchant Support Advisor at our Hoima Branch. Grace was a dedicated professional, a kind soul, and a valued member of our Absa Bank Uganda family. Her warmth, commitment, and bright spirit will be deeply missed. We extend our heartfelt condolences to her family, friends, and colleagues during this difficult time. Rest in peace, Grace.

Today, the flag was raised, not just as a symbol, but as a beacon of hope for ten Ugandan golfers embarking on a journey to the 2025 Absa Magical Kenya Open. From February 19 to 23, these golfers will take part in the Pro-Am event and the main tournament at Muthaiga Golf Club, a revered stage that will host 144 elite players from around the world. Our sponsorship covers flights, accommodation, and a financial support package of USD 4,745 for professionals who qualify for the main event, ensuring they can prepare and compete without hindrance. With a total investment of UGX 100 million, we aim to provide a seamless experience, covering everything from meals and transport to tournament fees and branded merchandise, empowering these athletes to shine on an international platform. Last year marked a historic milestone for Ugandan golf as Ronald Rugumayo became the first Ugandan to make the cut at a DP World Tour event. His achievement was a testament to the potential within Uganda’s golfing community, and we are proud to have played a part in his journey. This year’s sponsorship builds on that legacy, reflecting our unwavering dedication to fostering talent and creating opportunities for Ugandan players to excel. Over the past seven years, we have supported 63 players, each one contributing to the growing story of Ugandan golf on the global stage. This initiative is more than just financial support; it is a belief in the power of dreams and a story of resilience of those who pursue them. By providing these athletes with the resources they need, we are not only investing in their individual futures but also in the broader vision of elevating Ugandan golf. As the players step onto the greens of Muthaiga, they carry with them the hopes of a nation, and we stand behind them, committed to nurturing their potential and celebrating their journey. Together, we are shaping a legacy that extends far beyond the tournament, one swing at a time. #YourStoryMatters

As you step into this opportunity to make a lasting impact on the lives of many in this nation, may your vision and dedication steer the country toward a future filled with hope, stability, and prosperity. All the best as you embark on this transformative journey. From all of us at Absa Bank Uganda, congratulations Prof. Augustus Nuwagaba. #YourStoryMatters | Bank of Uganda

This moment marks a transformative journey, one that will continue to shape the stories of Uganda's financial landscape for years to come. In your hands, the path ahead is filled with the potential to create lasting change, a legacy that transcends policy and touches the lives of all who call Uganda home. Wishing you strength and clarity as you lead with purpose and heart. From all of us at Absa Bank Uganda, congratulations, Dr Michael Atingiego. #YourStoryMatters | Bank of Uganda

Today, our team ventured further east to Mbale City, a key agricultural and trading hub, to engage with Bugisu Co-operative Union (BCU)—a leading force in Uganda’s coffee sector. Established to empower local farmers, BCU has been instrumental in aggregating, processing, and exporting high-quality Arabica coffee, a commodity that remains Uganda’s top foreign exchange earner. Led by Interim Managing Director David A. Wandera, FCCA, our team engaged with the leadership of BCU to explore how Absa’s business banking solutions can further support Uganda’s thriving coffee industry. From agribusiness financing to trade solutions and value chain support, we recognize the pivotal role agriculture plays in shaping Uganda’s economy. By enabling cooperatives like BCU with the right financial tools, we’re ensuring farmers access working capital, modern processing infrastructure, and international markets—allowing them to write even greater success stories in coffee trade. Discover more here https://lnkd.in/du7TjRHr #AgribusinessBanking #CoffeeTrade #YourStoryMatters #EmpoweringFarmers #DrivingGrowth #Industrialization

From manufacturing to logistics, Uganda’s economic engine runs on businesses that dare to dream bigger and write new stories. Today, our team visited Modern Automobiles Ltd in Buikwe, a key player in the automotive sector and an authorized dealer for Ashok Leyland trucks. Their operations are essential in keeping industries moving—supporting transport, trade, and job creation across the country. During our visit, Interim Managing Director David A. Wandera, FCCA, alongside Legal Director and Company Secretary Edward Ocen, Marketing and Customer Experience Director Helen Basuuta Nangonzi, and Ag. Retail and Business Banking Director Albert Byaruhanga, engaged with the leadership of Modern Automobiles Ltd to explore how Absa’s business banking solutions can accelerate their growth. Through tailored financing, and trade solutions, we’re enabling businesses like Modern Automobiles Ltd to scale operations, expand opportunities, and contribute to Uganda’s industrial development. Discover more here https://lnkd.in/du7TjRHr. #DrivingGrowth #Industrialization #EmpoweringAfrica #JobCreation

Earlier today, our Interim Managing Director David A. Wandera, FCCA kicked off his eastern Uganda tour with a visit to Modern Distillers Ltd in Jinja City. Accompanied by our Legal Director and Company Secretary Edward Ocen, Marketing and Customer Experience Director Helen Basuuta Nangonzi, Acting Retail and Business Banking Director Albert Byaruhanga, and other regional leaders, the team was warmly welcomed and taken on an insightful tour of the facility. Modern Distillers Ltd stands as one of the beacons of industrialization, driving local manufacturing, creating jobs, and contributing to Uganda's economic growth. At Absa, we remain committed to empowering businesses like Modern Distillers Ltd with financial solutions tailored to foster innovation and support industrialization. Together, we’re creating opportunities and building a brighter tomorrow for communities across Uganda. #YourStoryMatters #ClientPartnerships #EmpoweringAfrica #Industrialization

Next Media Joins the 2025 Absa KH3 - 7 Hills Run for a Cause! Yesterday, our Interim Managing Director, David A. Wandera, FCCA, received a UGX 100 million sponsorship commitment from Next Media Services CEO, Kin Kariisa, making them the Official Media Partner for the Absa KH3 7 Hills Run! Happening on Sunday 16 March 2025, this run is dedicated to girl-child education, ensuring more young girls stay in school and have a brighter future. David was accompanied by our Marketing & Customer Experience Director, Helen Basuuta Nangonzi, at the handover ceremony. Look out for registration and kit pick-up details coming soon! Get ready to lace up, run for a cause, and be part of the movement to #ChangeHerStory. #AbsaKH37HillsRun #ChangeHerStory #RunForAGirl #YourStoryMatters

Yesterday, our Interim Managing Director, David A. Wandera, FCCA, paid a courtesy visit to Mr. Kin Kariisa, CEO of Next Media Services, at the Next Media Park. During the visit, Kin Kariisa expressed appreciation for Absa Bank Uganda’s continued partnership, underscoring the value of collaboration in driving financial inclusion and sustainable development. Accompanied by our Marketing and Customer Experience Director Helen Basuuta Nangonzi, the visit also included an insightful tour of the Next Media Park, showcasing the media giant’s innovation and commitment to impactful storytelling. At Absa, we believe in the power of strategic partnerships to drive meaningful change. Together, we are shaping Uganda’s financial future—one story at a time. #YourStoryMatters #FinancialInclusion #Sustainability

"The Authority is in the process of reviewing the current legal framework as well as formulating a regulatory framework for issuers to raise long-term patient capital through various market-based financing options, such as sukuk bonds and ETFs, among others. This initiative aims to increase savings options for investors and capital-raising options for issuers. The Deal Flow Facility, in partnership with the European Union and housed under FSD Uganda, is an initiative geared towards bolstering the attractiveness of Ugandan businesses, enabling them to benefit from long-term capital." "Additionally, the Authority is focused on capacity building for licensed market intermediaries as a key catalyst for the sustainable participation of issuers and investors. Regional integration of capital markets is also a work in progress to enhance market depth within the region." Remarks by our Director, Research & Market Development Ssembuya Magulu, CFA Absa Bank Uganda #AbsaAFMI2025 #FinancialMarkets