The story
The NCBA Group, the parent company, was founded in 2019 in Nairobi, Kenya. Branches were then opened in Nairobi and Mombasa, Kenya and in Kampala, Uganda. In 1969, the bank sold its assets in Uganda to Barclays Bank of Uganda.
In October 2011, the CBA Group announced plans to enter Uganda. In February 2013, Kenyan print media reported that the CBA Group was waiting on approval from the Bank of Uganda to open CBAU's first branch in Kampala, the country's capital. In January 2014, the necessary approval was granted and CBAU became the 26th commercial bank in the country.
In January 2016, CBAU applied to the Bank of Uganda to be allowed to make loans using the mobile money platform, in partnership with cellular telephone provider MTN Uganda. If permission is granted, the bank will become the first Ugandan commercial bank to provide this service.
From Wikipedia’s article on Commercial Bank of Africa (Uganda), shared under CC BY-SA 4.0.3