I&M Group injects $7mln in Ugandan unit to shore up lending business zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The fresh capital injection, which is to be executed in the next six months, will push the lender’s Uganda subsidiary’s core capital to $39.47 million.
Equity has a balance sheet of $11.18 billion and 19 million customers spanning the region. Its acquisitions have largely been funded through internally generated funds.
Why Equity paid $47mln for Rwanda bank zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.