Bank & Insurance
Bank of Africa increases its stake to 78% in Ugandan subsidiary

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.

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            ▪ 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.

http://www.jeuneafriquebusinessplus.com/en/804601/bank-of-africa-augmente-sa-participation-dans-la-filiale-ougandaise-a-78/

05/06/2020 at 19h11, by Jeune Afrique Business+

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.

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