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I&M injects Sh1.9bn in Tanzania, Uganda units in profit drive

I&M Bank Plc Regional CEO Kihara Maina makes his remarks during the banks release of the 2024 Financial Results (FY2024) at the Stanley Hotel on March 26, 2025.

Photo credit: Francis Nderitu | Nation Media Group

By  George Ngigi

Correspondent

Nation Media Group

The I&M Group has injected Sh1.9billion in fresh capital into its Tanzania and Uganda operations in a bid to boost their profit contribution to the business.

This came even as the regional tier-one lender reported a 38percent growth in net profit for the six months ended June 2025 to Sh7.7billion, up from Sh5.6billion a year earlier, riding on a strong performance by its Kenyan unit.

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