Absa Group’s corporate social investment (CSI) strategy forms part of the company’s broader corporate citizenship ambition of advancing economic inclusion. Anchored in Financial Inclusion through Entrepreneurship (FITE), it aims to enable access to economic opportunity, strengthen financial capability, and unlock the potential of Africa’s people by investing in entrepreneurship, education, and skills development.
In 2023, Absa established the Absa CSI Trust through a broad-based Black economic empowerment (BBBEE) transaction, placing 4% of the bank’s shareholding in trust to fund social impact activities focused on education and employability for young black South Africans.
The Group’s CSI supports programmes that advance three pillars – education, employability and entrepreneurship – and prioritises young people and women. Through this support, Absa Group builds the skills, confidence and networks required for the future of work, enabling meaningful and sustainable economic participation.
