Prime

I&M cost of buying Uganda bank rises to Sh4.1 billion

i and m

I&M Branch in Nyeri. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

I&M Group #ticker:I&M has spent Sh4.1 billion to acquire a 90 percent stake in Uganda’s Orient Bank Limited, with the cost rising from the initial estimate of Sh3.6 billion.

The Nairobi Securities Exchange-listed lender says this is after the base price was adjusted to take into account multiple factors.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME PhD graduates decrease 17pc on funding crunch

  2. PRIME Record Sh99bn September bank loans signal strong private sector credit growth

  3. PRIME Investors bet on the next Kangundo Road property frontier

  4. PRIME Union petition over KPC board and chair rejected

In the headlines

View All