Registered Office: Plot 16 Kampala Road, P.O. By endorsing the bill, the bank commits itself to pay unconditionally if the drawee defaults. Let us help you handle your imports, exports and local trade easily and efficiently. An avalised bill substitutes the bank's risk for the importer’s risk, which provides the exporter with the assurance that the payment will be made. Depending on your needs, we will reinstate these instruments automatically and without any further amendment from you. We ensure that you are advised promptly and that their instructions are carried out exactly as per their requirements. The content of the website you are visiting is not controlled by Absa. Absa Group Limited subsidiaries Barclays Bank of Uganda Limited and Barclays Bank Moçambique were renamed Absa Bank Uganda Limited and Absa Bank Moçambique, SA., respectively, today, signalling significant progress in the group’s continent-wide rebranding programme. Provides new sources of working capital at competitive rates, making it ideal if you need to continue or expand production. TOT is in the business of wide range of online Business to Business (B2B) information services like Public procurement information, business information services; IT enabled services, E-Commerce and bid facilitation and consultancy services. This bill can subsequently be discounted or used to negotiate better credit terms, which can enhance the trading relationship with the importer. The company has been promoted by a group of first generation enthusiastic entrepreneurs, having more than 50 years of cumulative business and operations expertise across various verticals. David Wandera, Absa Bank Uganda’s Head of Markets during the release of the Absa Financial Markets Index (AFMI) in January 2020. Enter your email below and we'll send you instructions to reset your password. Helps you to enhance your cash-flow position to focus on core business. This section contains tender notices, EOI, RFPs, RFQs, project information, procurement news, procurement plans, contract awards from Uganda. Your overseas suppliers present appropriate documentation to their bankers, which are then forwarded to us to facilitate collection on their behalf. Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction. This arrangement can be applied in various instances and ultimately gives you the flexibility you need to manage your cash flow. Invitation to prequalify for various services, supplies and works. Absa Bank Uganda Limited is regulated by the Bank of Uganda. This is known as avalisation and can be provided on behalf of the exporter upon request. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Improve the terms of your tenders and help you negotiate better terms on contracts. Latest and verified Tenders from Uganda. Box 2971, Kampala, Uganda. Should you fail to make settlement, we can settle on your behalf. Find latest Government tenders in Uganda. Provides cheaper access to funds after shipment but before maturity. By November 2019, the rebranding process was fully completed, and Barclays Bank was Successfully changed to Absa. Latest Uganda government tenders, RFP and eProcurement notices from the biggest online database of Uganda Tenders. Given the risks inherent in these instruments, our trade specialists are available to assist you all the way. Customer deposits are protected by the Deposit Protection Fund of Uganda. KCB Bank Uganda LTD invites suitably qualified bidders to submit sealed submissions for the various items.... Read More. Kampala-Standard Chartered Bank has posted strong growth for the year ended December 13, 2019, registering a 29.8 per cent increase in profits to Shs124b up from Shs98.084b registered in 2018. Can be used as a revolving facility as it is tailored to your production cycle. We can settle import letters of credit on your behalf and refinance you locally up to 180 days after the payment date, depending on your requirements. Customer deposits are protected by the Deposit Protection Fund of Uganda. Mr Mumba Kalifungwa has been appointed as the new managing director for Absa Uganda. Barclays Bank Uganda began rebranding to Absa Uganda way back in August 2019. Programme: ABSA Procurement Portal Organisation: ABSA/Supply Chain Network Type of Support. Find, search and filter Tenders/Call for Bids/RFIs/RFPs/RFQs/Auctions published by the government, public sector undertakings (PSUs) and private entitites. In August 2020, Absa Bank Uganda launched NovoFX app that makes cross-border payments easy. Box 2971, Kampala, Uganda. REMARKS: All potential suppliers who would like to participate in the RFP process need to indicate willingness to participate by return email to tenders@absa.co.za by no later than 17h00 on Friday, 28 October 2016. These provide evidence of a transaction as well as acknowledgement of debt. Obbo joined Bank of Uganda in 1984 as a Banking officer and sailed through positions to be the Director / Head of the Supervision Department in 2005 a position he held till 2011. Deadline: Nov 6, 2017. You can tender for business that you previously considered out of reach. lighting) and cleaning products, Construction structures and materials; auxiliary products to construction (except electric apparatus), Hotel, restaurant and retail trade services, Supporting and auxiliary transport services; travel agencies services, Business services: law, marketing, consulting, recruitment, Recreational, cultural and sporting services, Other community, social and personal services, Miscellaneous business and business-related services, Research and development services and related consultancy services, Laboratory, optical and precision equipments (excl. Customer deposits are protected by the Deposit Protection Fund of Uganda. Registered Office: Plot 16 Kampala Road, P.O. Waste transport). Different forms of financing can be arranged based on the presentation of appropriate documentation. We use cookies to optimise the user experience. The content of the website you are visiting is not controlled by Absa. If you require information on COVID-19, visit the, Safeguard your business with import finance, All the solutions you need to smooth trade. Prequalification of Suppliers. Provision, Installation and Support of Enterprise Next Generation Anti-Virus Solution, Supply and Installation of Generator Software Management System, Supply and Installation of Batteries, Refrigerant and Air Conditioner Units, Agricultural, farming, fishing, forestry and related products, Food, beverages, tobacco and related products, Agricultural, forestry, horticultural, aquacultural and apicultural services, Office and computing machinery, equipment and supplies except furniture and software packages, IT services: consulting, software development, Internet and support, Architectural, construction, engineering and inspection services, Sewage, refuse, cleaning and environmental services, Security, fire-fighting, police and defence equipment, Repair and maintenance services of security and defence materials, Development of software for military applications, Research and Development services on security and defence materials, Administration, defence and social security services, Training services in defence and security materials, Petroleum products, fuel, electricity and other sources of energy, Services related to the oil and gas industry, Mining, basic metals and related products, Clothing, footwear, luggage articles and accessories, Leather and textile fabrics, plastic and rubber materials, Electrical machinery, apparatus, equipment and consumables; lighting, Telecommunication, Television, Radio Equipment & Supplies, Medical equipments, pharmaceuticals and personal care products, Transport equipment and auxiliary products to transportation, Musical instruments, sport goods, games, toys, handicraft, art materials and accessories, Furniture (incl. Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Uganda from all over the world.. The fiduciary responsibility in its charter requires the African Development Bank to ensure that the proceeds in the projects and programs financed by it are used only for the purposes for which they were granted. This can be done through negotiation/discounting of shipping documents. Group sales for the 26 weeks to December 27 decreased by 8.5% to R9.7bn from R10.6bn in the previous comparable period This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Upon your request as an importer, we can provide this form of conditional undertaking to the beneficiary on your behalf. Standby letters of credit are irrevocable and payable on demand. But as Museveni has aged his regime has grown steadily more corrupt and autocratic. ... Absa has cautioned that the shilling is expected to be under pressure due to the widening gap … Find a wide range of the latest tenders in Uganda at Online Tenders. Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of receiving an application. Sitemap | Absa Bank Uganda Limited, company registration number 4227.Registered Office: Plot 16 Kampala Road, P.O. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees. This happens upon presentation of specific documents by the beneficiary, as required under the credit agreement. Tell me more. office furniture), furnishings, domestic appliances (excl. These are useful for buyers and sellers who have a long-standing trade relationship. Experience banking at your fingertips. Our Tender Portal provide information on E-procurement, Public Tenders, Government bids, International Bidding opportunities etc. Allows you to access funding before production and sale of the commodity. Tenders. He allowed Uganda’s first multicandidate presidential election and cultivated a close alliance with the US. UgandaTenders.com is a domain owned and maintained by TendersOnTime (TOT). He replaced Mr Nazim Mahmood, who has been holding the position in acting capacity since July last year. glasses), Machinery for mining, quarrying, construction equipment, Transport services (excl. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Josephine Mutabuza, Absa Bank Uganda’s Head of Bancassurance Bancassurance is booming and is expected to increase Uganda’s insurance penetrations that remains below 1% as banks increasingly sell insurance products to their customers. Customer deposits are protected by the Deposit Protection Fund of Uganda. We can issue and advise on transferable letters of credit on your behalf. We provide all tenders, contracts and biddings information and invitations in Uganda. Sitemap | Absa Bank Uganda Limited, company registration number 4227. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Release Date: Oct 23, 2017. Please take note. We can issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies. For Global Tenders Please Visit TendersPedia. Barclays Africa Group will spend £765m pounds (about Shs3.8 trillion) in the rebranding exercise to Absa, which was announced by the group chief executive yesterday. The charter also requires that proper attention be paid to economy and efficiency in the procurement processes in Bank funded projects. We have now committed an additional R18.8 million to South African relief efforts. Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of our receipt of your application. Access to Markets Programme Description Suppliers are linked to corporate buyers via a … The number of times this can take place will be agreed upon and specified in the credit documents. To facilitate this, all the terms and conditions under the export letter of credit need to be fulfilled. Get in touch +91 97681 57682/+91 99873 00609. The Auditor-General of South Africa (AGSA) has a constitutional mandate and, as the Supreme Audit Institution (SAI) of South Africa, exists to strengthen our country’s democracy by enabling oversight, accountability and governance in the public sector through auditing, thereby building public confidence. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Customer deposits are protected by the Deposit Protection Fund of Uganda. This usually applies to instances where unfavourable market conditions exist on the payment due date and, for one reason or another, you are unable to settle. We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. Mumba Kalifungwa, Absa Bank Uganda’s Managing Director. Stay informed by visiting the official COVID-19 Corona Virus South African Resource Portal: www.sacoronavirus.co.za X Absa Group. Absa Group on LinkedIn 24 June 2020. Payments under standby letters of credit are generated by the default of the importer under a specific trade contract. Email: tenders@absa.co.za. Exporters may require a third party, usually a bank, to guarantee payment of a bill of exchange drawn on an importer under a trade contract. Box 2971, Kampala, Uganda. 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 and the International Finance Corporation (IFC), a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises (SMEs) to help them assess business risks, adapt their business models and navigate the difficult operating environment caused by the COVID-19 pandemic. The requested site will open in a new window. In an unpredictable global business environment, you need the right banking partner. You are about to leave the Absa Bank of Uganda website. Bancassurance is a simple term coined by combining two words, bank and insurance. They involve our conditional undertaking to reinstate a letter of credit either after the occurrence of a specific event or after a specific time period has lapsed. Sitemap | Absa Bank Uganda Limited, company registration number 4227.Registered Office: Plot 16 Kampala Road, P.O. Uganda Tenders Tenders Info is a online government Tender information provider company, helping business across globe in finding business opportunities. Box 2971, Kampala, Uganda. OPEN TENDERS : Date Published: Closing Date and Time RFP007/2021: Appointment of a Service Provider to Perform Fire Suppression Argonite Gas System Repairs, and Bosch Fire Detection Service to the DBSA Compulsory site inspection: 28 January 2021 at 11H00 at DBSA Campus 2021/01/20 2021/02/09 at 23H55 RFP008/2021: Supply and Installation of Led Lights at the DBSA Campus Absa Bank Uganda Limited is regulated by the Bank of Uganda. Prior to his appointment as director KCB Bank Uganda, Apollo Obbo worked with the Bank of Uganda. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees. Customer deposits are protected by the Deposit Protection Fund of Uganda. The main types of guarantees and bonds available to you include: Sitemap | Absa Bank Uganda Limited, company registration number 4227. You are about to leave the Absa website. Bank of Uganda recently said, ... Tenders Supplements. These are letters of credit that can be transferred from the first beneficiary to one or more additional beneficiaries. Different types of either financial or commercial documents are exchanged during trade transactions. Users can register to get info on eTenders, EOI, GPN and other public tenders from various industry sectors. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Absa Bank Uganda is licensed by the Central Bank of Uganda, which is the body that regulates the national banks in the country. This specialised form of trade financing is available with or without recourse to your business, depending on the credit assessment of both parties involved in the transaction. Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda.It is licensed by the Bank of Uganda, the central bank and national banking regulator. 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