Absa Bank Uganda and Prudential Uganda have launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family.
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Absa has reported a 169% jump in net profits after tax to sh110 on the back of growth in revenues and a significant reduction in business costs.
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Absa Bank says it remains optimistic about economic recovery this year as pockets of key sectors such as agriculture, construction bounce back from the impacts of the COVID-19 pandemic on lockdown easing.
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By Midday yesterday, information from the Ministry of Health showed that cumulative COVID-19 cases stood at 14,574. At lest 133 Ugandans have lost their lives to the pandemic according to the Ministry of Health.
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