Money Markets
Bank of Africa grows income 106 p.c.
Bank of Africa managing director, Kwame Ahadzi. Photo/FILE
By David Mugwe
(email the author)
Posted Thursday, August 26 2010 at 00:00
Posted Thursday, August 26 2010 at 00:00
“We may see the shilling appreciate in the next few months as there is an optimistic investment climate in the country,” he said.
“We hope that this will take root quickly. In Uganda, it has been a positive in that credible people are able to borrow at good rates.”
In December last year the bank received Sh712 million to boost operations and to finance expansion from its shareholders.
The bank started operating in East Africa in 2004 after taking over of Credit Agricole Indosuez.
It is a subsidiary of the Bank of Africa Group which operates in 10 other countries including Burundi, Tanzania and Uganda.
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