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Tag: Orient Bank

  • Orient Bank rebrands to I&M Bank (Uganda) Ltd as I&M Group PLC consolidates its presence in the Ugandan market

    Orient Bank rebrands to I&M Bank (Uganda) Ltd as I&M Group PLC consolidates its presence in the Ugandan market

    Kampala: I&M Group PLC officially launched its rebranded operations in Uganda today, following its acquisition of Uganda’s Orient Bank Ltd on 30th April 2021. The Ugandan bank will now operate as I&M Bank (Uganda) Limited and adopt the Group’s vibrant corporate logo and colours.

    The Nairobi-based financial Group announced that the rebrand comes after the I&M Group’s successful acquisition of a 90 per cent shareholding in Uganda’s Orient Bank Ltd earlier this year.

    This received regulatory approval from the Central Bank of Kenya, Bank of Uganda, Capital Markets Authority of Kenya as well as the Common Market for Eastern and Southern Africa (COMESA), and is part of the Group’s broader strategy to grow its business by increasing its geographical footprint across the Eastern African region.

     

    Sam Ntulume, Executive Director I & M Uganda, 2L – Kumaran Pather, Managing Director I & M Uganda, Middle – Sulaiman Kiggundu, Board Chairperson I & M Uganda, 2R – Chris Low, Regional Managing Director I & M Uganda, and R – Dr Tumubweinee Twinemanzi, Executive Director Supervision Bank of Uganda officially unveil I & M Bank in Uganda, following its acquisition of Orient Bank

    “The rebrand will not only unlock the bank’s potential, but also will enable it to reach out to more customers within Uganda, and in Eastern Africa as a whole.

    Further the move will enable the bank to roll out a more diversified product and service offering to its target market,” said Mr. Suleiman Kiggundu, the bank’s chairman.Also speaking during the rebrand event Mr. Kumaran Pather, the bank’s CEO said that I&M Uganda will focus on supporting critical sectors that impact growth across the region, including agriculture, transport, technology and manufacturing through offering attractive, digital-focused solutions.

    “I&M Group Plc and its subsidiaries have made significant investments in key sectors across Eastern Africa’s regional economy, including banking and finance, SMEs, real estate, financial technology, trade, agriculture, and infrastructure,” said Pather.

    “The rebranding is the latest step in an operations overhaul which has been ongoing for the last one year and has included retraining of staff, enhancing customer relations and upgrading its core banking system.” Mr. Pather added that “I&M Group has made significant investments in its technology infrastructure as part of its digital transformation journey in the region. Reflecting its commitment to its clients and the markets it serves, the bank and its staff have invested significant time and resources to refine the new I&M Bank brand and to seamlessly integrate new platforms and offerings.”

    “We are extremely excited to announce today’s launch and rebrand, aligning our digital capabilities as well as our brand elements to keep pace with our industry leading achievements and our unique products and services within the East African region,” said Mr. Pather.

    The entry of I&M Group into the Ugandan market was the missing link towards consolidation of the Group’s presence in East Africa and further positions the Group as Eastern Africa’s Leading Financial Partner for Growth through providing its target groups with innovative and market-driven banking solutions across the region.

  • ROKO Construction Ltd Injects cash in Kids Of Africa’s ‘Run For Fun’

    ROKO Construction Ltd Injects cash in Kids Of Africa’s ‘Run For Fun’

    Construction heavy weights ROKO Construct Company Limited has injected cash into Kids of Africa run for fun event slated for Sunday 8th November 2015. The ‘RUN FOR FUN’ is meant to raise funds for the building of a modern dental clinic, and to celebrate their 10th anniversary. This is the 5th edition of the “Run for Fun”. The growth of the event has been most encouraging. The inaugural run in 2011 had over 300 runners of all ages, in 2012 there were over 500 runners, and by 2014, the run had 780 participants and this year’s run is expected to have more than 1000 runners.

    Sponsors and management of Kids of Africa address a press conference at Kampala Sheraton Hotel ahead of the Run For Fun

    Sponsors and management of Kids of Africa address a press conference at Kampala Sheraton Hotel ahead of the Run For Fun

    The starting point will again be from Kids of Africa located in Bwerenga (Wakiso District). Coming from Kampala, take the Entebbe Road to Kawuku (25 km). At Kawuku (which is 4km from Kids of Africa), there is a Kids of Africa signpost on the left at the boda-boda stage. Take a LEFT turn and continue on the murram road.

    Some of the kids of Africa pose with their bosses and ROKO Construction Secretary and Human Resource Manager Diana Nyakato (2nd L) back row

    Some of the kids of Africa pose with their bosses and ROKO Construction Secretary and Human Resource Manager Diana Nyakato (2nd L) back row

    After 3km you will come to a “Y” junction. Continue on the left, past the football pitch (on the right) Go down a hill and then up another hill (with Lake Victoria on the right). As you go up the hill, you will pass new houses on the left. Take a right turn at the Kids of Africa signpost. The car park can be seen and the village entrance is 100m from this point. [adrotate banner=”3″]

    Last year we raised approximately 250 million Ugandan Shillings which was used to complete the Kids Pioneer Primary School. This year’s objective is to raise 550 million Ugandan Shillings which will build a modern dental clinic to cater for dental needs of both the children in the village and in the local community.

    Sponsors, some members of Kids of Africa and their management pose with banners for November 8th Run for Fun

    Sponsors, some members of Kids of Africa and their management pose with banners for November 8th Run for Fun

    There will be 5km, 10km and 21km races, with the following age categories: Under 10 years old (5km only), 10-14, 15-18, 19-49, 50+. Participants should meet at 6:30am to collect their event T-shirts and race numbers. The 21km will start at 7:30am sharp; the 10km race at 7:55am, and the 5km at 8:15am. The courses are set in Wakiso District, between Kampala and Entebbe on the shores of Lake Victoria.

    In addition to being challenging, the routes take runners through local countryside, villages, and have picturesque views over Lake Victoria. ROKO Construction has been the events main sponsors for the past 5 years and UAP Insurance, Orient Bank, Yako Micro Finance, Jubilee Insurance, IHK Hospital, Bank of Uganda, Sheraton Kampala Hotel and Multiple Industries are the other sponsors.

    This year's run is the 5th and over 1000 participants are expected to attend

    This year’s run is the 5th and over 1000 participants are expected to attend

    Kids Of Africa

    Kids of Africa, a Swiss initiative, is a children’s home operating in Uganda. It takes care of 95 abandoned children in ten family homes, each headed by a foster mother. The children represent the next generation of Ugandan society and it is hoped they will contribute to the futures of similarly disadvantaged youngsters in years to come.