Tag Archives: Trillion

NSSF stake in MTN Uganda shoots to Shs1.23 trillion in less than a Month

A photo montage of Mbire (L) and NSSF MD

MTN Uganda’s strong rally on the Uganda Securities Exchange (USE) continues to create significant wealth for its largest local shareholders, with the telecom’s share price climbing steadily from Shs312 in November 2025 to Shs428 in February 2026, and now reaching Shs470 in March. The steady upward movement reflects sustained investor confidence in one of the most dominant counters on the …

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TOUGH TIMES! Stanbic Plots to Rescue Struggling NCBA in Sh1.1 Trillion Buyout

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Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire NCBA Group Plc in a transaction that would create Kenya’s third-largest lender with assets of about KSh 1.1 trillion, according to people familiar with the matter, Bloomberg reports. Standard Bank Group, Africa’s largest bank by assets and owns 75% of Stanbic Holdings Plc, has previously said it …

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