Bank of Africa increases control of Uganda subsidiary BOA
The shareholding in the Ugandan subsidiary rises slightly while voting rights soar.
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▪ 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.
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