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Mr Robin Bairstow takes over from Mr Sam Ntulume, who has been acting in the position for more than a year

I&M Group Plc and the Board of Directors of I&M Bank (Uganda) Limited have announced the appointment of Robin Bairstow as the CEO

I&M Holdings PLC has announced the majority acquisition of Orient Bank Limited (OBL) from 8 miles LLP and Morka Holdings Limited. OBL is the 12th largest bank and a licensed and established commercial bank in Uganda. I&M Holdings PLC and Orient Bank Limited signed an agreement in July 2020 for I&M Holdings PLC to acquire 90 percent shareholding of the Ugandan entity. The acquisition was completed on 30th April 2021 after receiving the necessary approvals from the Central Bank of Kenya, Bank of Uganda, Capital Markets Authority of Kenya and the COMESA Competition Authority. The move underscore...

Daily Monitor Tuesday May 04 2021 Summary The acquisition sees I&M take 90% of the bank from the UK-based investment group 8 miles LLP and Morka Holdings Limited, a financial company registered in Mauritius.   Advertisement A Kenyan banking group, I&M Holdings has entered the Ugandan market with the acquisition of Orient Ban Ltd, the 12th largest in Uganda.   The acquisition sees I&M take 90% of the bank from the UK-based investment group 8 miles LLP and Morka Holdings Limited, a financial company registered in Mauritius.   I&M and Orient Bank signed the acquisition agreement in July 2020,...

I&M Holdings, Orient Bank chiefs laud deal in Uganda 04 I&M Holdings, Orient Bank chiefs laud deal in Uganda A deal reached between I&M Holdings Plc and 8 Miles LLP and Morka Holdings Limited to acquire majority stake at Orient Bank Limited paves way for a much stronger bank in Uganda. Currently OBL is the 12th largest licensed and established commercial bank in Uganda. I&M Group’s executive director, Sarit Raja Shah. I&M Holdings Plc and Orient Bank Limited signed an agreement in July 2020 to acquire 90 percent shareholding of the Ugandan entity. The acquisition was completed on 30th April...