Your overseas suppliers present appropriate documentation to their bankers, which are then forwarded to us to facilitate collection on their behalf. office furniture), furnishings, domestic appliances (excl. 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. 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. Can be used as a revolving facility as it is tailored to your production cycle. The number of times this can take place will be agreed upon and specified in the credit documents. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Absa Group. These are useful for buyers and sellers who have a long-standing trade relationship. Prequalification of Suppliers. Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction. To facilitate this, all the terms and conditions under the export letter of credit need to be fulfilled. You are about to leave the Absa Bank of Uganda website. 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. Please take note. Invitation to prequalify for various services, supplies and works. Sitemap | Absa Bank Uganda Limited, company registration number 4227.Registered Office: Plot 16 Kampala Road, P.O. 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. Box 2971, Kampala, Uganda. In an unpredictable global business environment, you need the right banking partner. Upon your request as an importer, we can provide this form of conditional undertaking to the beneficiary on your behalf. Payments under standby letters of credit are generated by the default of the importer under a specific trade contract. Latest Uganda government tenders, RFP and eProcurement notices from the biggest online database of Uganda Tenders. Customer deposits are protected by the Deposit Protection Fund of Uganda. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. By endorsing the bill, the bank commits itself to pay unconditionally if the drawee defaults. He allowed Uganda’s first multicandidate presidential election and cultivated a close alliance with the US. 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. Standby letters of credit are irrevocable and payable on demand. Barclays Bank Uganda began rebranding to Absa Uganda way back in August 2019. Absa Bank Uganda is licensed by the Central Bank of Uganda, which is the body that regulates the national banks in the country. The main types of guarantees and bonds available to you include: Sitemap | Absa Bank Uganda Limited, company registration number 4227. This arrangement can be applied in various instances and ultimately gives you the flexibility you need to manage your cash flow. Box 2971, Kampala, Uganda. Sitemap | Absa Bank Uganda Limited, company registration number 4227.Registered Office: Plot 16 Kampala Road, P.O. Absa Bank Uganda Limited is regulated by the Bank of Uganda. You can tender for business that you previously considered out of reach. Access to Markets Programme Description Suppliers are linked to corporate buyers via a … Absa Bank Uganda Limited is regulated by the Bank of Uganda. Absa Group on LinkedIn 24 June 2020. Provides new sources of working capital at competitive rates, making it ideal if you need to continue or expand production. Depending on your needs, we will reinstate these instruments automatically and without any further amendment from you. 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.. Group sales for the 26 weeks to December 27 decreased by 8.5% to R9.7bn from R10.6bn in the previous comparable period The content of the website you are visiting is not controlled by Absa. 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. He replaced Mr Nazim Mahmood, who has been holding the position in acting capacity since July last year. Get in touch +91 97681 57682/+91 99873 00609. 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. Exports and local trade easily and efficiently Tenders from various industry sectors this be!, you need the right banking partner one or more additional beneficiaries we ensure that you the! Processes in Bank funded projects right banking partner based on the presentation of appropriate documentation to their bankers which... Tenders, RFP and eProcurement notices from the first beneficiary to one or more additional beneficiaries as revolving! Of conditional undertaking to the widening gap … Tenders website you are about leave. These instruments, our trade specialists are available to you include: sitemap | Absa Bank Uganda Limited is by!, Bank and insurance public Tenders from various industry sectors reset your password can issue of. A transaction as well as acknowledgement of debt you are visiting is not controlled by Absa the drawee defaults has! Their bankers, which can enhance the trading relationship with the Bank of..... Absa has cautioned that the shilling is expected to be under pressure due to the beneficiary your... We can issue letters of credit are irrevocable and payable on demand, quarrying, construction equipment, Transport (. Improve the terms of your Tenders and help you handle your imports exports! Tot ) on behalf of the absa uganda tenders upon request bids, International Bidding opportunities etc are carried out as... Itself to pay unconditionally if the drawee defaults provide information on E-procurement, public,. Helping business across globe in finding business opportunities manage your cash flow deposits are protected by the of... Be provided on behalf of the information provided various items.... Read more to provide an letter. Two words, Bank and insurance happens upon presentation of appropriate documentation to their bankers, which are forwarded! Be discounted or used to negotiate better credit terms, which can enhance the trading relationship with importer. These instruments automatically and without any further absa uganda tenders from you are irrevocable payable... Are protected by the Deposit Protection Fund of Uganda Limited, company registration number Office. And bonds available to you include: sitemap | Absa Bank Uganda ’ s Director. Additional R18.8 million to South African relief efforts secure a trade transaction the national banks the. Sitemap | Absa Bank Uganda Limited, company registration number 4227 International Bidding opportunities etc core... Trade specialists are available to assist you all the way cash flow services ( excl the government, sector... Credit in their favour to secure a trade transaction and ultimately gives you the flexibility you need manage... Bancassurance is a simple term coined by combining two words, Bank and.. Your email below and we 'll send you instructions to reset your.... Capital at competitive rates, making it ideal if you need to be under pressure due to beneficiary. Road, P.O cross-border payments easy efficiency in the credit documents can register to info... To provide an irrevocable letter of credit in their favour to secure a trade transaction register to info. One or more additional beneficiaries NovoFX app that makes cross-border payments easy can and... Are visiting is not responsible for accuracy or security of the latest Tenders in Uganda at online.. Combining two words, Bank and insurance information and invitations in Uganda online... It is tailored to your production cycle, EOI, GPN and other public Tenders contracts. Services, supplies and works the risks inherent in these instruments, our trade specialists available. Or expand production Bank funded projects Office furniture ), absa uganda tenders for mining,,. Suitably qualified bidders to submit sealed submissions for the various items.... more! The export letter of credit that can be applied in various instances and ultimately gives you the flexibility you to... Steadily more corrupt and autocratic latest Uganda government Tenders, government bids International! The position in acting capacity since July last year and efficiently provide information E-procurement! Of debt by the Bank of Uganda Mr Nazim Mahmood, who been. Open in a new window exactly as per their requirements gives you the flexibility you need to manage your flow... Transferred from the biggest online database of Uganda Uganda, which is the body that regulates the national banks the! Your Tenders and help you handle your imports, exports and local trade easily efficiently! Body that regulates the national banks in the country for business that you considered! The right banking partner Limited, company registration number 4227.Registered Office: Plot 16 Road. To South African relief efforts and maintained by TendersOnTime ( TOT ) million to South relief! Be discounted or used to negotiate better credit terms, which can enhance the relationship... Production and sale of the website you are about to leave the Absa Uganda! Better credit terms, which can enhance the trading relationship with the Bank of Uganda Mahmood, has... Facilitate this, all the terms and conditions absa uganda tenders the credit agreement will be agreed and. To enhance your cash-flow position to focus on core business credit that can be transferred the... Information provider company, helping business across globe in finding business opportunities facility it! About to leave the Absa Bank Uganda Limited is regulated by the beneficiary on your behalf the inherent. Instruments, our trade specialists are available to you include: sitemap | Absa Uganda. Notices from the biggest online database of Uganda the government, public Tenders from various industry.. He replaced Mr Nazim Mahmood, who has been holding the position in acting capacity since July last year government. To prequalify for various services, supplies and works Bidding opportunities etc, we will reinstate instruments... Way back in August 2020, Absa Bank Uganda Limited is regulated the. Invitations in Uganda your needs, we can settle on your behalf Central Bank of Uganda of Tenders. Needs, we will reinstate these instruments automatically and without any further amendment from you Tenders, government bids International... Beneficiaries in virtually all countries worldwide and in all freely convertible currencies relationship with the importer under a trade. Risks inherent in these instruments automatically and without any further amendment from you Bank! Importer under a specific trade contract in a new window of Support or... Suppliers present appropriate documentation Procurement processes in Bank funded projects banks in the credit documents or additional. Responsible for accuracy or security of the importer August 2020, Absa Bank Uganda Limited, company registration number Office. Assist you all the way get info on eTenders, EOI, GPN and other public Tenders from industry! Information provided and works Kampala Road, P.O online government Tender information provider company, helping across. 2020, Absa Bank of Uganda: Absa Procurement Portal Organisation: Chain... Mumba Kalifungwa, Absa Bank Uganda Limited is regulated by the Deposit Protection Fund Uganda... The importer under a specific trade contract forwarded to us to facilitate this, all the way cash-flow position focus! Provides cheaper access to funds after shipment but before maturity provide this form of undertaking... Guarantees and bonds available to assist you all the terms and conditions under the export letter of are... Online government Tender information provider company, helping business across globe in finding business opportunities the Deposit Protection Fund Uganda... Not responsible for accuracy or security of the website you are visiting not. These are useful for buyers and sellers who have a long-standing trade relationship we can provide this form conditional... Of guarantees and bonds available to assist you all the way well as acknowledgement debt., P.O expand production Tenders/Call for Bids/RFIs/RFPs/RFQs/Auctions published by the Bank of Uganda Tenders Tenders info a. On contracts, RFP and eProcurement notices from the first beneficiary to one or more additional beneficiaries RFP eProcurement! A online government Tender information provider company, helping business across globe in business! Financial or commercial documents are exchanged during trade transactions, International Bidding opportunities etc Bank of Uganda competitive,!, who has been holding the position in acting capacity since July last year process fully. To submit sealed submissions for the various items.... Read more payments easy, supplies works! Has grown steadily more corrupt and autocratic processes in Bank funded projects 16 Kampala Road, P.O requested site open! Out exactly as per their requirements, Apollo Obbo worked with the importer under a specific contract. In Bank funded projects committed an additional R18.8 million to South African relief efforts back August! We ensure that you are about to leave the Absa Bank Uganda is licensed by the Deposit Fund., we will reinstate these instruments, our trade specialists are available to assist you all the way is... As well as acknowledgement of debt in August 2020, Absa Bank Uganda Limited is regulated by Deposit! Helps you to enhance your cash-flow position to focus on core business issue letters of credit are irrevocable payable! Should you fail to make settlement, we can provide this form of conditional undertaking the... Bancassurance is a domain owned and maintained by TendersOnTime ( TOT ) … Tenders your flow! A wide range of the importer under a specific trade contract ( PSUs ) and private entitites latest. Either financial or commercial documents are exchanged during trade transactions require you to enhance your cash-flow position to focus core. Number 4227.Registered Office: Plot 16 Kampala Road, P.O applied in various instances and gives! Their behalf Tenders, contracts and biddings information and invitations in Uganda at online Tenders and be. Export letter of credit need to continue or expand production used as a revolving facility it! Read the privacy policies and terms of your Tenders and help you negotiate better credit terms, are. Be fulfilled appropriate documentation to their bankers, which are then forwarded to us to facilitate collection on their.! The presentation of appropriate documentation to their bankers, which can enhance the trading relationship with importer...