{"id":211338,"date":"2025-10-26T08:28:08","date_gmt":"2025-10-26T06:28:08","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/east-africa\/kenya\/kenya-absa-bank-uganda-buys-retail-wealth-business-from-rival\/"},"modified":"2025-10-26T08:28:08","modified_gmt":"2025-10-26T06:28:08","slug":"kenya-absa-bank-uganda-buys-retail-wealth-business-from-rival","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/east-africa\/kenya\/kenya-absa-bank-uganda-buys-retail-wealth-business-from-rival\/","title":{"rendered":"Kenya: Absa Bank Uganda Buys Retail, Wealth Business From Rival"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"28\">Nairobi \u2014 <em>Absa Bank Uganda has signed an agreement to acquire Standard Chartered Bank Uganda&#8217;s Wealth and Retail Banking (WRB) business portfolio, expanding its footprint in the country&#8217;s financial sector.<\/em><\/p>\n<p class=\"story-body-text\" data-para-word-count=\"29\">The deal will see all Standard Chartered WRB clients and staff move to Absa, with both banks working together to ensure a smooth transition once regulatory approvals are granted.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"33\">Absa Group Executive for Africa Regions Charles Russon said the acquisition strengthens Absa&#8217;s position in Uganda&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202510240407.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 East Africa <a title=\"Kenya\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/east-africa\/kenya\/\">Kenya<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nairobi \u2014 Absa Bank Uganda has signed an agreement to acquire Standard Chartered Bank Uganda&#8217;s Wealth and Retail Banking (WRB) business portfolio, expanding its footprint in the country&#8217;s financial sector. The deal will see all Standard Chartered WRB clients and staff move to Absa, with both banks working together to ensure a smooth transition once [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":211339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[250],"tags":[4338,24313,258,256,7089,5109,4688,430,257,8433,8616,254,4707,6273],"class_list":["post-211338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya","tag-business","tag-absa","tag-africa","tag-africa-news","tag-bank","tag-buys","tag-kenya","tag-kenya-news","tag-news","tag-retail","tag-rival","tag-south-africa-today","tag-uganda","tag-wealth"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/211338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=211338"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/211338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/211339"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=211338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=211338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=211338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}