Absa Bank Uganda Ltd has appointed Rachel Rwakatungu as its new Credit Director. With an extensive background in banking and financial services, business, and regulatory risk, Rwakatungu brings a wealth of experience to her new role. She has previously worked in Tanzania and South Africa, further enriching her sector expertise. Before joining Absa Bank Uganda…
In 2022, Uganda’s banking sector demonstrated a robust performance, showcasing a resilient post-Covid-19 economic recovery. Commercial banks achieved remarkable results across essential performance indicators in 2022.
Equity Group, the largest financial institution in East and Central Africa, has once again demonstrated its strength and prominence in the global banking industry. The bank achieved high rankings in Brand Finance’s 2023 Brand Strength and Brand Value assessments.
Absa Bank Uganda has been directed by the court to pay a sum exceeding Shs 6 billion after illegally selling a school it alleged had defaulted on loan repayment.
