Africa Financial Services 

MONEY, PEOPLE & POWER: The 10 bank CEOs who control 80% of Uganda’s banking sector – CEO East Africa

1. Anne Juuko Chief Executive, Stanbic Bank 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank has maintained the top spot in the banking sector ever since the acquisition of a majority stake (80per cent) in Uganda Commercial Bank (UCB) back in 2001. Getting to the top spot was the easy bit – despite the politics around the acquisition. Remaining at the top, ahead of the chasing pack is where all credit is due to the bank shareholders and management that have given the…

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StockMarket 

Tanzania: DSE Up As Foreign Investors Snap Up Tanzania Breweries Shares

Foreign investors made a comeback at the equity market on Tuesday this week after injecting Sh1.2 billion in shares for Tanzania Breweries Limited (TBL). The beer maker transacted 153,169 shares at a pre-arranged market board at Sh8,000 per share in three deals, market data show. This largely contributed to the rise of the bourse’s total turnover, which reached Sh1.23 billion on Tuesday from 231,068 shares that were traded in 12 deals. This was higher than the Sh5.56 million that was registered during the previous day. Foreign purchase contributed 99.21 percent…

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