Absa Group headline earnings increased 27% to R11 billion in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic downturn in 2020.
Uganda has improved its overall position in the Absa Africa Financial Markets Index (AFMI) for 2021, jumping five slots from 10th in 2020 with a score of 52 to 5th in the latest ranking with a score of 57 – being one of only 3 countries that improved their ranking the most.
60 decision-makers from 46 Small and Medium-sized Enterprises (SMEs) have graduated from the pandemic-response online Business Continuity and Survival Training that was organized by the Employment and Skills for Development in Africa Programme (E4D) in September 2020.
Absa Bank Uganda will offer a two-month repayment holiday on salary loans to customers as schools reopen in January.
The offer is available on salary loans with competitive interest rates for sums between Shs1 million to Shs250 million.
Absa Bank Uganda has introduced the country’s first innovative and exciting cardless withdraw
CDC Group has committed $75 million to its trade finance deal with Absa Bank, with the investment focusing on helping African banks recovered from the damage inflicted by the Covid-19 pandemic and propping up the supply chain.