Acquiring Company
Absa Bank Uganda
Acquired Company
Standard Chartered Uganda (Wealth and Retail Banking business)
KampalaUgandaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Absa Bank Uganda completed its takeover of Standard Chartered Uganda's wealth and retail banking business on November 13, including customers, products and employees. The COMESA Competition Commission approved the deal without conditions, and the Bank of Uganda granted regulatory approval in June 2026. The combined business is projected to hold 20 to 30 percent of Uganda's retail deposit market.
Quick answer
Absa Bank Uganda is acquiring Standard Chartered Uganda (Wealth and Retail Banking business), announced November 13, 2026. Absa Bank Uganda is based in Kampala, Central Region, Uganda.
- How much did Absa Bank Uganda pay for Standard Chartered Uganda (Wealth and Retail Banking business)?
- The deal value was not disclosed.
- What does Absa Bank Uganda do?
- Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent.
- Where are Absa Bank Uganda and Standard Chartered Uganda (Wealth and Retail Banking business) based?
- Absa Bank Uganda is based in Kampala, Central Region, Uganda. Standard Chartered Uganda (Wealth and Retail Banking business) is based in Uganda.
- Who are the decision-makers at Absa Bank Uganda?
- Fundz holds 2 contacts at Absa Bank Uganda. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Absa Bank Uganda, and when
When Absa Bank Uganda changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Absa Bank Uganda raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Absa Bank Uganda, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Standard Chartered Uganda (Wealth and Retail Banking business)?
Standard Chartered Uganda (Wealth and Retail Banking business) was acquired by Absa Bank Uganda, based in Kampala. The deal was reported on November 13, 2026. Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Bank Uganda is privately held and operates in Financial Services.
When did Absa Bank Uganda acquire Standard Chartered Uganda (Wealth and Retail Banking business)?
Absa Bank Uganda's acquisition of Standard Chartered Uganda (Wealth and Retail Banking business) was reported on November 13, 2026. Absa Bank Uganda completed its takeover of Standard Chartered Uganda's wealth and retail banking business on November 13, including customers, products and employees. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Standard Chartered Uganda (Wealth and Retail Banking business) do?
Standard Chartered Uganda is the Ugandan unit of the Standard Chartered Group, a global bank. The divested business covers its wealth and retail banking operations, while its corporate and investment banking business in the country is retained. It is privately held, operating in Financial Services, and is based in Uganda.
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