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Crane Bank denies rumours of sale, says in merger talks with “strategic equity investor”
Crane Bank Uganda was Thursday forced to deny rumours that it is up for sale, saying instead that is merging with a "strategic equity investor." A report circulating on social media said the bank has sold 70% of its shares to South African investors.
September 16, 2016
Economy
Commercial banks cut lending rates, but cautiously
A survey of commercial banks shows that a good number of them have cut their prime lending rate, a sign the Bank of Uganda's three consecutive rate cuts are having an effect.
September 8, 2016
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