Centenary Bank plans to partially list 10% of its shares on the Uganda Stock Exchange, becoming one of five banks on the exchange. This IPO is anticipated to boost investor interest and financial inclusivity in Uganda.
Centenary Bank is preparing to partially list up to 10% of its shares on the Uganda Stock Exchange, marking a significant development in the nation’s banking sector. This listing will position Centenary Bank among the five banks listed on the exchange, notably alongside Stanbic Bank, a subsidiary of South Africa’s Standard Bank Group.
Centenary Bank’s planned IPO represents a pivotal moment for Uganda’s financial landscape, promoting greater market activity and inclusivity. As the bank moves to provide local investors with opportunities typically reserved for larger entities, this initiative may enhance the country’s integration into the global financial system.
Original Source: finimize.com
