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Afrasia Bank, formerly Kingdom, shuts down. Joins several failed local banks

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Posted by admin 4 days ago (http://www.financialgazette.co.zw)
By L.S.M Kabweza A report by the Financial Gazette just published says Afrasia Bank, formerly Kingdom Bank, was today placed under liquidation by the Reserve Bank of Zimbabwe after its shareholders surrendered their banking license. The parent company, Afrasia Bank Limited of Mauritius cannot commit any more money to the Zimbabwean operation and would rather ...

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Bank of Baroda Uganda Limited (BOBU)

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Posted by admin 5 days ago (http://feedproxy.google.com)
Bank of Baroda (U) Ltd started its operations on 18.12.1953 by opening its first branch at Kampala. Later on, it was incorporated as Subsidiary of Bank of Baroda-India with 49% shareholding of Govt. of Uganda. Under privatization move of Govt. of Uganda, Parent Bank- Bank of Baroda (India) became the sole owner by taking over 49% shareholding of Govt. of Uganda on 07.06.1999 and divested 20% shar

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British American Tobacco Uganda (BATU)

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Posted by admin 5 days ago (http://feedproxy.google.com)
British American Tobacco Uganda is a member of British American Tobacco Group, the world’s second largest quoted tobacco group by global market share, with brands sold in more than 180 markets. BAT Uganda is the market leader in the tobacco industry in Uganda, with over 80% share of the cigarette market and sponsoring 70% of national tobacco production.

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Centum Investment Company Limited (CENT)

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Posted by admin 5 days ago (http://feedproxy.google.com)
Formerly known as ICDC Investment Company Ltd, Centum is a public limited liability company whose shares are listed on the nairobi securities exchange (nse) and the uganda securities exchange (use). Founded in 1967, Centum is the largest listed investment company in east Africa by market capitalisation with a market capitalisation of Kshs 13.2 Bn as at 31st March 2013 (source: nse market). Centum

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Development Finance Company of Uganda Ltd (DFCU)

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Posted by admin 5 days ago (http://feedproxy.google.com)
DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the

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Equity Bank Limited (EBL)

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Posted by admin 5 days ago (http://feedproxy.google.com)
Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population. Having been declared technically insolvent in 1993, Equity’s transformation into a rapidly growing microfinance and then a commercial bank is widely considered to be an inspirational success story.   Cur

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New Vision Printing and Publishing Company Ltd (NVL)

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Posted by admin 5 days ago (http://feedproxy.google.com)
Vision Group, founded in 1986, is a diversified media company, based in Uganda. The company is primarily engaged in publishing, broadcasting, advertising and digital media activities. The company publishes five newspapers under the name New Vision, Bukedde, Orumuri, Rupiny and ETOP. Its magazine portfolio comparises of City Beat, Bride & Groom and Flair. It broadcasting segment included five

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Stanbic Bank Uganda Limited (SBU)

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Posted by admin 5 days ago (http://feedproxy.google.com)
Stanbic Bank Uganda Limited is part of Africa's leading banking and financial services organisation, Standard Bank Group. StanbicBank Uganda's heritage in Uganda goes back to 1906 when it operated as National Bank of India. Several name changes followed over the years, including that of Grindlays Bank. The company finally became Stanbic Bank Uganda when Standard Bank Group bought the Grindlays ne

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