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Tag: Mumba Kalifungwa

Absa Commits sh65 million Towards Makerere’s Centenary Celebrations

May 10, 2022May 11, 2022 admin
Mumba Kalifungwa Absa Bank

Absa Bank has committed to sponsoring to a tune of sh65 million the Makerere University centenary celebrations, which were launched in November 2021.

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Company News, NewsABSA Bank Uganda, Makerere University Centenary Celebrations, Mumba Kalifungwa, Prof Barnabas NawangweLeave a comment

Absa Net Profits Up 169% To Sh110 Billion In 2021

April 12, 2022April 12, 2022 admin

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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Insights, NewsAbsa 2021 Financials, Absa Bank Uganda Performance, Micheal Segwaya, Mumba KalifungwaLeave a comment

Absa Bank Cuts Prime Lending Rate On Loans

June 24, 2021June 24, 2021 admin

Absa Bank has announced a reduction in its prime lending rate for shilling denominated loans, riding on the back of an accommodative monetary policy stance by the Central Bank.

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Company News, NewsABSA Bank Uganda, Accomodative monetary policy easing, Bank of Uganda, Mumba KalifungwaLeave a comment

Absa Bank ‘Cautiously Optimistic’ Despite A Challenging 2020

April 21, 2021April 21, 2021 admin

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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Insights, NewsAbsa Bank 2020 performance, Micheal Segwaya, Mumba Kalifungwa, Uganda Bank performanceLeave a comment

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CURRENCY BUYING SELLING
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PRIME LENDING RATES AS AT JANUARY 1, 2022

Stanbic Bank16%
Centenary Bank20%
Standard Chartered 18.3%
Absa Bank17%
Diamond Trust16%
Equity 20.5%
KCB Bank21%
Dfcu Bank20%
Baroda19%
Housing Finance 20.5%

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