Tag Archives: Absa

Embattled Absa Bank Kenya has launched an 8.9 percent off plan mortgage product, even as the lender continues to face scrutiny over fraud related complaints, customer protection concerns and past questions around internal controls.The new facility targets buyers purchasing units in approved off plan housing projects and offers financing of up to 105 percent for qualifying customers, with the product …

The Bank of Uganda has granted regulatory approval for Standard Chartered Bank Uganda to sell its Wealth and Retail Banking (WRB) business to Absa Bank Uganda Limited, ending months of discussions over a transaction that could realign the country’s financial industry. For Absa, the deal is the latest move in a deliberate pan-African march. The financial institution, which is listed …

Two Kampala-based lawyers have been remanded to Luzira prisons over the alleged theft of Shs700 million said to have been fraudulently transferred from a Belgian national’s bank account. According to charge sheets referenced under CPS KLA CRB 1008/2025 and sanctioned on February 19, 2026 obtained by RedPepper, the accused are Muhindo Patience Audrey, 29, described as a lawyer and resident …

Banking giant Absa Bank has suffered a major legal embarrassment after the Labour Court in Cape Town ordered it to reinstate private wealth banker Ronaldo Giovanni Kleinsmith, ruling that his dismissal was substantively unfair and partly based on invalid disciplinary charges. The judgment — which overturned an earlier decision by the Commission for Conciliation, Mediation and Arbitration (CCMA) — has …

One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan Keko told the court that Elizabeth Mbabazi, a Rwandan businesswoman, had formally expressed …

A major banking bombshell has hit the financial streets of Kampala — Absa Bank Uganda has gobbled up the struggling retail and wealth wing of Standard Chartered Bank Uganda! The shock deal, sealed on Friday at Stanchart’s head offices, marks the end of an era for one of Uganda’s oldest banks, which has finally thrown in the towel on its …