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Struggling Top Finance Bank sold to Djibouti’s Salaam African Bank

by Alphred Rhyman Agaba
Top Finance Bank was registered in Uganda as a company on the 14th day of June 2012 and was granted a Credit Institution Licence (Class 5) on 8th September, 2014
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A Djibouti-based bank, Salaam African Bank (SAB) has acquired Uganda’s Top Finance Bank Limited (TFB). Bank of Uganda (BoU), the financial sector regulator announced the acquisition today on Monday 8th August 2022. “This is to inform the general public that MA Salaam African Bank (hereafter SAB) with its Headquarters in Djibouti has acquired Top Finance Bank Limited (hereafter TFB),” t

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About the Author

Rhyman Alphred Agaba is a journalist, editor and radio/TV producer and entrepreneur based in Kampala.