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The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. [4]
Absa Bank Ghana is a large financial services company, serving corporate clients, high networth individuals, retail customers and small and medium enterprises.As of 31 December 2020, the bank had assets of GHS:12.546 billion (US$2.075 billion), with shareholders' equity of GHS:1.948 billion (US$322.2 million).
At the time he was appointed CEO of Absa Bank Uganda, Kalifungwa was the chief financial officer (CFO) at Absa Bank Botswana Limited, a position he served in since 2015. Before that, he served as the CFO at then Barclays Bank of Zambia (now Absa Bank Zambia). His banking career goes back to 1995.
The bank is a large retail bank that serves the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. It is a member of the South African banking conglomerate, Absa Group Limited, whose stock is traded on the Johannesburg Stock Exchange and whose total assets exceeded US$91 billion, as of October 2019.
The Internet in Botswana is used by approximately 87.2% of the population, as of 2023. There has been a massive increase in internet users since 2013 when only 30% of the population of Botswana was found to use the internet. This is notably higher than the percentage of internet users in Africa as a whole, which is around 43%.
The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened for business on 5 April of the same year. After the conclusion of the Second Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited.
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