I&M Holdings Limited, the owners of I&M Bank Kenya, have announced that they have reached an agreement to buy 90 per cent of Orient Bank Limited, Uganda.

According to a letter to shareholders, I&M Holdings announces that; “I&M Holdings Plc agreed with shareholders of Orient Bank Limited for the sale and purchase of shares comprising 90 per cent of the issued share capital of Orient Bank Limited, a company incorporated in the Republic of Uganda.” The deal was sealed on July 17, 2020.

For more information, please see https://www.independent.co.ug/kenyan-firm-to-buy-orient-bank-uganda/