Kenya's I&M acquires Orient Bank
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,...
Source: monitor.co.ug