absa
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News
Uganda ranks third in Africa Financial Markets Index
KAMPALA, January 28, 2026 — Uganda has retained third place in the 2025 Absa Africa Financial Markets Index [AFMI], reflecting continued progress in macroeconomic stability and market transparency. The AFMI assessed 28…
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Over 200,000 customers to gain power as Absa, UEDCL seal Shs 175bln financing deal
KAMPALA, January 23, 2026 — More than 200,000 households and businesses across Uganda are set to gain access to electricity following the recent signing of a landmark financing agreement between Absa Bank…
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News
UEDCL secures Shs 190bln Loan from Absa Bank to upgrade electricity distribution network
KAMPALA, December 15, 2025 — The Uganda Electricity Distribution Company Limited [UEDCL]has secured a loan worth US$ 50 million [approximately Shs 190 billion] from Absa Bank Uganda to finance the upgrade and…
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Africa advances despite global headwinds – AFMI 2025
KAMPALA, October 16, 2025 — The past 12 months have seen highs and lows around the world. Difficult macroeconomic conditions, compounded by a turbulent trade environment and geopolitical tensions, have created challenges…
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Stability over spectacle: African banks navigate a changing landscape in 2025
KAMPALA, October 14, 2025 — Africa’s banking sector has weathered another steady, if unspectacular, year, according to the African Business 2025 ranking of the continent’s Top 100 Banks. The latest data reveals…
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Absa Africa Financial Markets Index 2025 to launch on October 16
KAMPALA, October 6, 2025 — For the ninth consecutive year, the Absa Africa Financial Markets Index will evaluate the development of financial markets across Africa, with a particular focus on market accessibility,…
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Absa Bank launches regional SME forums to boost business growth
MBARARA CITY, September 7, 2025 – – Absa Bank Uganda has launched a series of regional forums aimed at empowering small and medium-sized enterprises [SMEs] with financial knowledge and skills for sustainable…
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Clean water and education facilities boost Abim district in major NGO-bank partnership
ABIM, August 31, 2025 – Residents of Barotuke West in Abim district are set to benefit from a major development initiative following the commissioning of a modern water hub and upgraded school…
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Network International expands portfolio with Absa Bank
KAMPALA, August 15, 2025 — Network International [Network], a leading enabler of digital commerce in the Middle East and Africa, has been chosen by Absa Business Banking, one of Africa’s leading business…
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The big interview: Meet Stephen Mugumya Bongonzya – a seasoned banker and senior cooperator
MBARARA CITY, April 28, 2025 — theCooperator News recently sat down with Stephen Mugumya Bongonzya, Vice Chairman of the Uganda Cooperative Savings and Credit Union Limited [UCSCU]—the apex body for SACCOs in…
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