Absa Bank Uganda Signs Deal to Acquire Standard Chartered’s Retail and Wealth Banking Business

Absa Bank Uganda and Standard Chartered Bank Uganda have entered into an agreement for the acquisition of Standard Chartered’s Wealth and Retail Banking business portfolio, marking a significant shift in Uganda’s banking landscape. The agreement was signed today at Standard Chartered’s offices in Uganda, with the signing ceremony led by Maria Kiwanuka, Board Chairperson of…

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Pearl Bank and Stanbic Bank Join Forces to Expand Digital Payments Access Across Uganda

Major banking partnership integrates Wendi and FlexiPay wallets to serve over 1.5 million users with reduced transaction fees KAMPALA – Uganda’s financial services landscape took a significant turn this week as two major banks announced an unusual collaboration that prioritizes financial inclusion over market competition. Pearl Bank Uganda, the government-owned institution formerly known as PostBank,…

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