I&M injects Sh821m in Ugandan subsidiary to shore up capital

I&M Bank building along Kenyatta Avenue, Nairobi. FILE PHOTO | NMG

I&M Group last year invested an additional Sh821.26 million in the Uganda unit, pointing to the continued focus on complying with the revised minimum capital requirements.

The group says in the latest annual report that it made a direct additional investment of Sh538.89 million and a further Sh282.4 million through the conversion of preference shares in I&M Uganda into paid-up capital.

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