15th Nov Friday saw the launch of Absa bank Uganda at Kampala Serena hotel.
After pulling off a successful transition from Barclays bank to ABSA bank and getting a license to operate in Uganda, the South African pan Africa bank hosted customers and partners in a huge celebration which had vice president Edward Ssekandi as the guest of honor.
The event was highlighted by the surprise acts of the evening – Southfrica’s Mafikizolo. Their showcase was preceded by performances from Ugandan musicians, Irene Ntale and Fik Fameica.
Absa Bank Uganda is part of Absa Group Limited, an African financial services group that aspires to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.
To this end, they offer to clients a range of retail, business, corporate and investment, and wealth management solutions.
Mafikizolo performing during the launch
“To our customers who are still nostalgic about the Barclays brand and name. Please note that they didn’t exit the continent. They just reduced their stake in Absa Group 14.9%” ~ Nazim Mahmood, Absa Uganda Managing Director.
“Tonight marks a new beginning for us as Absa Bank Uganda and what we stand for. We are brave, passionate and ready” ~ René van Wyk, Absa Group CEO.
The ceremony comes after Absa Bank Uganda, a subsidiary of Absa Group Limited received a license to operate and trade under its new name from Bank of Uganda.
The license was officially handed over to the bank’s Managing Director, Nazim Mahmood by Prof. Emmanuel Mutebile, Governor, Bank of Uganda at the Central Bank head office on Monday last week.