Banking on Impact and Being a Force for Good—The Absa Bank Uganda Story Absa Bank Uganda’s 2024 story affirms that it is possible to pursue strong financial performance and meaningful ESG impact—simultaneously and successfully. The bank extended UGX 1.99 trillion in customer loans, channeling credit into trade, agriculture, manufacturing, and personal lending—the real lifeblood of economic growth. It backed this with UGX 38 billion in green financing, planted 372,643 trees, and harvested 427,000 cubic units of rainwater to support climate action. With 44,428 Ugandans empowered through financial literacy, 2,351 youth trained, and 1,060 SMEs supported, Absa is Empowering Uganda’s tomorrow. Together… One story at a time—defining leadership through purpose, people, and prosperity.

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President Museveni Lauds Tembo Steels Founder for Transforming Uganda’s Steel Industry President Museveni has commended Sanjay Awasthi, the visionary founder of Tembo Steels, for revolutionizing Uganda’s steel industry. This followed the commissioning of a new 250,000 TPY Direct Reduced Iron (DRI) plant in Iganga—a state-of-the-art facility that positions Tembo as the country’s only fully integrated primary steelmaker and a continental leader in green, innovation-driven steel production.

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Ecobank Uganda, Carrefour partner enhance shopping experience, easter rewards

Ecobank Uganda, Carrefour partner enhance shopping experience, easter rewards Hellen Luyiima, Head Corporate and Investment Banking during the launch of Swipe and Win campaign. KAMPALA, Uganda — Ecobank Uganda and Carrefour Uganda have partnered to enhance the retail shopping experience with secure payment options and an Easter rewards campaign, the companies announced Thursday. The […]

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Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key Fundamentals At a stakeholder briefing held at the Sheraton Kampala Hotel, Absa Bank Uganda’s Interim Managing Director David Wandera and Executive Director & CFO Michael Segwaya unveiled strong 2024 results, highlighting a 22% rise in profit after tax to UGX 178 billion and 15% revenue growth. The executives credited this performance to robust customer trust, growth in digital payments, trade loans, and green financing. With an improved cost-to-income ratio and rising capital adequacy, the bank affirmed its commitment to sustainability, financial inclusion, and continued support for Uganda’s private sector and household economic empowerment.

The Big Story Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key FundamentalsAt a stakeholder briefing held at the Sheraton Kampala Hotel, Absa Bank Uganda’s Interim Managing Director David Wandera and Executive Director & CFO Michael Segwaya unveiled strong 2024 results, highlighting a 22% […]

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