The Big Story

AGM: PostBank’s Authorized Share Capital to Increase by 400% as Resolved by Shareholders

by CEO Reporter
The Board Members and Representatives of the Executive Committe of PostBank together with Representatives the Shareholders, Anite Evelyn, Minister of State for Privatization and Investment and Haruna Kasolo, Minister of State for Microfinance during the Annual General Meeting (AGM) at the Ministry of Finance, Planning and Economic Development.
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Government has resolved to increase PostBank’s authorised share capital by 400% from UGX100 Billion to UGX500 Billion. For customers, this means that access to low-priced financing would further be enabled while the Bank will benefit in terms of reduced cost of operations. The move was revealed to the press Evelyn Anite, the Minister of State for privatisation and Investment after a close

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