Tag Archives: Merger

Kampala — For years, the National Agricultural Advisory Services (NAADS) sold itself as the engine of Uganda’s agro-industrial transformation. Tea seedlings. Apple orchards. Hass avocado dreams. Irrigation schemes. Heifers for farmers. Etc. But the December 2025 Auditor General’s report paints a different picture — one of ballooning arrears, questionable payments, dormant Letters of Credit and a financial hangover that now …

Africa’s so-called banking powerhouse, Nigeria’s Access Bank, is once again under the spotlight after another high-profile merger deal spectacularly collapsed—this time in South Africa. Barely months after Uganda’s Finance Trust Bank (FTB) was left gasping for air following a failed takeover promise, Access Bank has now walked away from a Sh625.4 billion agreement to acquire 100% of Bidvest Bank Holdings …

Behind closed boardroom doors, branding—not balance sheets—may have killed what would have been Kenya’s biggest banking deal in years. Insiders have revealed that Standard Bank’s insistence on rebranding NCBA under the Stanbic banner played a decisive role in the collapse of long-running merger and acquisition talks between the two lenders. The failed deal would have created Kenya’s third-largest bank, with …

Kampala — The Head of Public Service and Secretary to the Cabinet, Lucy Nakyobe, has summoned executive directors and commissioners from government agencies affected by the government agencies merger or Rationalisation of Agencies and Public Expenditure (RAPEX) exercise to account for existing vacancies and unabsorbed staff. Reliable sources indicate that the meeting is scheduled for Thursday this week, and will involve all chief executives and commissioners from …