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Analysis & OpinionsBanking

Absa Group Earnings Decline But 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Absa Group CE Daniel Mminele Absa Group Ltd., one of Africa’s largest financial services providers, today reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid the economic downturn that was precipitated by the COVID-19 pandemic. Earnings and returns improved materially

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News

Uganda Railways Corporation Maintains Its Worst-performing Record, Fails to Explain Shs47bn Loan

Uganda Railways Corporation -URC has not only consistently maintained its reputation among the worst performing public bodies in which billions of taxpayers money get lost but has also added unaccounted foreign loans to the losses it inflicts on Ugandans. A report by the Auditor General has revealed unexplained loans accessed by the

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