• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Commercial Bank of Africa in final stages to buy Crane Bank in Kigali

Mulema Najib by Mulema Najib
8 years ago
in Business, News
1 0
ShareTweetSendShare

Plans and procedures for acquisition of Crane Bank Rwanda by Commercial Bank of Africa (CBA) are at an advanced stage with the deal expected to be completed in coming days.

The sale of Crane Bank Rwanda comes months after the parent firm, Crane Bank, was sold to Dfcu Bank, both based in Uganda.

According to The New Times, a Rwandan non-government newspaper, the acquisition was initiated about a fortnight ago and could be complete any day from now.

A number of local banks had expressed interest in Crane Bank Rwanda, which has two branches in the country. The bank began operations in the country in 2014.

Source told The New Times that there have been discussions on the acquisition, which are awaiting formal sign-off.

CBA entered the Rwandan market in January.

The bank partnered with telecom service provider MTN-Rwanda to roll out a mobile telephone-linked banking product, MoKash.

The capitalization challenges at Crane Bank Uganda and consequent takeover of the management by Uganda’s central bank did not have direct effect on its Rwandan subsidiary, officials from the National Bank of Rwanda say.

This is because foreign players do not open branches in Rwanda as they are expected to register separate entities and operate in accordance to the Rwandan Laws and within the regulation of Rwanda’s Central Bank – BNR.

There are currently 17 banks operating in the country with 194 branches and 174 sub-branches.

As of December 2016, total assets of the banking sector stood at Rwf2,378 billion up from Rwf2,133 billion in the previous year.

Asked about the development, central bank governor John Rwangombwa said they were awaiting official communication on the development from the seller.

He explained that the Central Bank is not usually involved in the negotiation and sale of a bank when it is not under receivership.

Have something to add to this article? Send to info@watchdog.co.ug  or whatsapp up us +256752545880


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

Business

Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

3rd July 2025 at 06:26
National

20-year-old Woman Arrested After Dr’ Spire’s Death at Kajjansi Lodge

2nd July 2025 at 22:19
News

Uganda Woos UAE Investors with Vast Opportunities in Agriculture and Tourism

1st July 2025 at 20:07
Next Post

Radio and Weasel fire Manager Chagga

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1105 shares
    Share 442 Tweet 276
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2284 shares
    Share 914 Tweet 571
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    41 shares
    Share 16 Tweet 10
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    116 shares
    Share 46 Tweet 29
  • Pastor Bugingo Seeks Reconciliation with Teddy and Children, Prays for Makula’s Twins

    19 shares
    Share 8 Tweet 5
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

3rd July 2025 at 06:26

20-year-old Woman Arrested After Dr’ Spire’s Death at Kajjansi Lodge

2nd July 2025 at 22:19

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

3rd July 2025 at 06:26

20-year-old Woman Arrested After Dr’ Spire’s Death at Kajjansi Lodge

2nd July 2025 at 22:19

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda