UK-based Standard Chartered has reportedly agreed to divest its wealth and retail banking operations in Uganda to Absa Group, a South African financial institution, for an undisclosed sum. Under the terms of the deal, Absa Bank Uganda will acquire Standard Chartered’s retail and wealth management portfolios in Uganda. This sale is part of Standard Chartered’s strategy to exit its wealth and retail banking sectors in Botswana, Uganda, and Zambia, according to a Reuters report. Standard Chartered Kenya an ...