Bank of Africa increases control of Uganda subsidiary BOA

Bank of Africa increases control of Uganda subsidiary BOA

The shareholding in the Ugandan subsidiary rises slightly while voting rights soar.

Someone shares this article with you
            ▪ Bank of Africa increases control of Uganda subsidiary BOA

▪ The shareholding in the Ugandan subsidiary rises slightly while voting rights soar.

https://www.africabusinessplus.com/en/812824/bank-of-africa-du-maroc-increases-control-of-uganda-subsidiary-boa/

The third largest Moroccan bank opted for Uganda as part of its African expansion strategy beyond Francophone West Africa. Since acquiring an initial 47% stake in Bank of Africa Uganda in 2010 for MAD137 million (€13.2 million), Bank of Africa held 78.6% in 2020.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Bank

30/04/2021 at 15h46, by Africa Business+

Banque Populaire and Bank of Africa decline to participate in the capital increase of Banca UBAE

After closing the transaction of €81 million, the two Moroccan financial institutions see their stakes...

Bank

14/04/2021 at 17h31, by Africa Business+

Othman Benjelloun reduces Bank of Africa stake in Tanger Tech Development Company

The company is leading the Mohammed VI Tangier Tech City project, built with a Chinese partner.

Bank

05/06/2020 at 17h11, by Africa Business+, updated 15/01/2021

Bank of Africa increases its stake to 78% in Ugandan subsidiary

The transaction was carried out via a share exchange with FMO, but was spurred in particular by AFH’s...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : [email protected]

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.