I&M Holdings (NSE:IMH) has on 17th July 2020 entered into an agreement with the shareholders of Orient Bank Limited for the sale and purchase of shares comprising 90% of the issued share capital of Orient Bank Limited, a company incorporated in the Republic of Uganda.

“Further details of the transaction will be made available to the shareholders of the company in due course.” The company said in a statement.

The deal will add to its regional banking operations comprising Kenya, Rwanda, Tanzania and Mauritius.