Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has ordered Haruna Sentongo, a brother to Ham Kiggundu to pay Orient Bank more than 10 billion Shillings accrued from loans advanced to him. In a judgment issued by Commercial Division judge Richard Wejuli Wabwire, the court found that indeed …
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This development ends the institution’s 30-year history in Uganda’s financial sector Kampala Uganda | ISAAC KHISA | Local lender, Orient Bank is getting a revamp, ending a nearly 30-year history in Uganda. The lender is ditching its name to I&M Bank (Uganda) following the latter’s decision to acquire a 90% …
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Kampala, Uganda | THE INDEPENDENT | A Kenyan banking group, I&M Holdings has entered the Ugandan market with the acquisition of Orient Bank Ltd, the 12th largest in Uganda. The acquisition sees I&M take 90% of the bank from UK-based investment group 8 miles LLP and Morka Holdings Limited, a …
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Kampala, Uganda | THE INDEPENDENT | Orient Bank management has said they agreed to sell majority shares of the bank to a Kenyan company which will facilitate its growth into a leading player in Uganda’s banking sector. On Monday, it emerged that I&M Holdings Limited, the owners of I&M Bank Kenya, …
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Kampala, Uganda | THE INDEPENDENT | Julius Kakeeto has been appointed the new managing director of Post Bank Uganda Limited. He replaces Stephen Mukweli who is battling charges of misconduct at the bank. Kakeeto has been heading Orient bank for the four and half years and is credited for turning …
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Kampala, Uganda | THE INDEPENDENT | Orient Bank, a leading commercial bank in Uganda, has officially unveiled a combined Medical and Life Insurance cover dubbed MediLife, a first of its kind in the market, in partnership with the world’s oldest, largest and strongest insurance company, Prudential and Uganda’s leading Health Membership …
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