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Africa

Airtel Uganda launches New Network Sites in Kabarole to Accelerate Digital Transformation of the Tourism City.

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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.

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