Bank of Africa increases its stake to 78% in Ugandan subsidiary
The transaction was carried out via a share exchange with FMO, but was spurred in particular by AFH’s agreement to sell a portion of its minority stake to the Moroccan banking group.
Someone shares this article with you
▪ Bank of Africa increases its stake to 78% in Ugandan subsidiary
▪ The transaction was carried out via a share exchange with FMO, but was spurred in particular by AFH’s agreement to sell a portion of its minority stake to the Moroccan banking group.
▪ https://www.africabusinessplus.com/en/804601/bank-of-africa-augmente-sa-participation-dans-la-filiale-ougandaise-a-78/
Before entering the scope of Bank of Africa Group (BOA Group) in 2006, Bank of Africa Uganda (BOA Uganda), with assets in the neighbourhood of 800 billion Ugandan shillings (€187m), was known as Sembule Investment Bank Ltd.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Bank
25/10/2023 at 15h42, by Africa Business+
Banque de Crédit de Bujumbura secures dollar funding
Banque de Crédit de Bujumbura, a minority subsidiary of Bank of Africa and Burundi’s third-largest financial...
Commercial banking
29/11/2022 at 20h07, by Africa Business+
Vincent Istasse appointed head of Bank of Africa Ghana
With more than 30 years of experience in the sector, the banker, based in Abidjan, has been called to...
Bank
25/07/2022 at 18h33, by Africa Business+
Bank of Africa increases control of Uganda subsidiary BOA
The shareholding in the Ugandan subsidiary rises slightly while voting rights soar.
Bank
10/06/2021 at 15h33, by Africa Business+
Moroccan Bank of Africa divests from VE — formerly Vigeo Eiris
The sale of the shares follows the takeover of the extra-financial rating agency by an American rating...
Bank
14/04/2021 at 17h31, by Africa Business+
Othman Benjelloun reduces Bank of Africa stake in Tanger Tech Development Company
The company is leading the Mohammed VI Tangier Tech City project, built with a Chinese partner.
Logistics
21/04/2020 at 17h13, by Africa Business+
Bolloré implements e-invoicing at all its ports, Togo Terminal partners with Ecobank
Electronic payment solutions are being rolled out via the IES portal, a project launched by Bolloré...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.