Commercial bank of Africa Archives

PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019

by Muhereza KyamuteteraThe Big StoryNovember 17, 2019January 15, 2023

The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018.The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank…

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Kenya clears NIC Bank and Commercial Bank of Africa merger; creating Kenya’s 3rd largest and Uganda’s 14th largest bank

by Muhereza KyamuteteraThe Big StoryOctober 2, 2019October 2, 2019

The Central Bank of Kenya and the National Treasury have granted approval for the merger of NIC Group PLC and Commercial Bank of Africa Limited (CBA), paving way for the creation of Kenya’s 3rd largest bank by assets.The new merged Group will be called NCBA Group PLC and the Kenya…

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Banking: Two new banks and more headache for the industry

by theceomaTop 10January 27, 2014January 27, 2014

By Taddewo Senyonyi The transition of Finance Trust (MDI) into a commercial bank and the entry of Commercial Bank of Africa brings the total number of banks in Uganda to 27. Uganda’s banking sector is set to witness the tightest cut throat competition ever in 2014 following the recent transition…

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