I&M Burbidge Capital is pleased to announce that it has advised DFCU Bank in the sale of its majority stake in Crane Bank Rwanda. The sale was concluded to CBA Bank, an East African Bank based in Kenya. The transaction has received all regulatory approvals and closed successfully.
DFCU sold its entire stake in Crane Bank Rwanda, the Rwanda unit of Crane Bank which it acquired in 2017. DFCU is the 6th largest bank in Uganda with a strong presence in the SME market. The bank provides personal, business, and corporate banking services in Uganda. Its focus is to improve access to financial services and to contribute to the transformation of Uganda’s agricultural sector.