Prime

Ex-Barclays CEO in talks to acquire Uganda Crane Bank

Former Barclays Plc chief executive Bob Diamond is in talks with Uganda’s Crane Bank to acquire a strategic stake. PHOTO | FILE

Former Barclays Plc chief executive Bob Diamond is in talks with Uganda’s Crane Bank to acquire a strategic stake.

According to sources, Mr Diamond’s Atlas Mara Group and the Crane Bank owners have agreed in principle on the partnership but the valuation of the bank is now the sticking point.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. PRIME A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

  2. Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

  3. Ethiopia, Sudan junta bicker again over RSF support claims

  4. PRIME East Africa’s oil rivalry is missing the bigger energy security question

Latest

  1. PRIME US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

  2. PRIME Iran conflict dents African start-up funding

  3. PRIME Region in efforts to clean up trade routes as cargo volumes increase

  4. PRIME Tanzania to close schools early as El Niño rains loom

In the headlines

View All