Tag Archives: Transaction

BoU approves Stanchart, Absa transaction

BoU approves Stanchart Absa transaction

The Bank of Uganda has granted regulatory approval for Standard Chartered Bank Uganda to sell its Wealth and Retail Banking (WRB) business to Absa Bank Uganda Limited, ending months of discussions over a transaction that could realign the country’s financial industry. For Absa, the deal is the latest move in a deliberate pan-African march. The financial institution, which is listed …

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