Kenya's I&M acquires Orient Bank

One of Orient Bank Kampala branches in Kampala. Courtesy photo

What you need to know:

  • The acquisition sees I&M take 90% of the bank from the UK-based investment group 8 miles LLP and Morka Holdings Limited, a financial company registered in Mauritius.  

A Kenyan banking group, I&M Holdings has entered the Ugandan market with the acquisition of Orient Ban Ltd, the 12th largest in Uganda.  

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