Absa Group , the Johannesburg-based financial services provider, led by banking veteran Kenny Fihla, has secured the go-ahead from regulators to take over the retail and wealth operations of Standard Chartered Bank Uganda through its banking unit in the country.
This move underscores one of the biggest shakeups in the countrys banking scene in years as Absa Groups unit makes its first retail acquisition in Uganda, adding new clients, products, and branches, giving the bank fresh momentum in a competitive market.
Expanding Absas retail reach