Absa Bank Uganda Honors Top Dealer Partners at Inaugural Titan Awards

Absa Bank Uganda celebrated its top dealer partners at the inaugural Titan Awards, an annual event aimed at strengthening collaborations that broaden access to vehicle and asset financing. The initiative seeks to empower businesses and individuals to acquire productive assets, thereby fueling Uganda's economic expansion.

David Wandera, Managing Director of Absa Bank Uganda, lauded the dealers for their significant contributions to the bank's asset finance business. He emphasized that the bank's ability to finance essential assets like vehicles and equipment relies heavily on these dealer partnerships. The Titan Awards specifically honor those partners demonstrating excellence, superior customer service, and strong collaboration, enabling more Ugandans to secure the financing needed for investment, business growth, and community development.

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Providing financing to individuals and businesses investing in productive assets is only possible because of the strong partnerships we have built with our dealer network. Behind every vehicle, tractor, bus or piece of construction equipment financed by Absa is a partnership between the bank and our dealers. The Titan Awards recognise partners whose commitment to excellence, customer service and collaboration has enabled more Ugandans to access the financing they need to invest, grow businesses and strengthen communities.

The importance of asset financing is escalating as businesses strive to enhance competitiveness and expand operations through investments in productive assets. According to the Bank of Uganda's June 2026 State of the Economy Report, private sector credit is growing, with significant portions allocated to housing, trade, agriculture, manufacturing, and transport. These sectors depend on financing for machinery and equipment to boost productivity and economic progress.

The awards recognized outstanding performance across various segments of Absa's asset finance ecosystem, including passenger and commercial vehicles, heavy equipment, agricultural machinery, specialized business assets, and environmental sustainability. Winstone Katushabe, Commissioner for Transport Regulation and Safety at the Ministry of Works and Transport, commended Absa Bank for its role in making productive assets more accessible through strategic dealer partnerships. He highlighted that such investments are vital for increasing productivity, generating employment, improving safety standards, and bolstering Uganda's economic competitiveness.

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A productive asset should not remain permanently beyond the reach of a farmer, an entrepreneur, a school or a growing business simply because they are unable to pay its full cost at once. It is encouraging to see banks such as Absa partnering with dealers and manufacturers to make these productive assets more accessible. These investments increase productivity, create jobs, strengthen safety standards and enhance the competitiveness of Uganda's economy.