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If the long-rumored Stanbic–NCBA merger or buyout becomes reality, NCBA shareholders could emerge as the biggest winners in East Africa’s next major banking shake-up. The market already seems to agree. When news of a possible deal surfaced this week, NCBA’s market value jumped from about UGX 2.9 trillion to UGX 3.15 trillion in a single day, while its share price surged nearly 9%. Year-to-date, the stock has risen 56%, and over the past 12 months, it has gained nearly 78%, a clear sign that investors are betting on a major payout. Large takeovers typically come with a buyout premium of…
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NCBA Bank Rwanda has announced the appointment of Maurice Toroitich as its Managing Director. The appointment brings to the helm a veteran of the banking industry, whose leadership spans nearly three decades of transformative banking and leadership in East Africa. Maurice is recognized for his pioneering work as the founding CEO of KCB Bank Rwanda, where he was instrumental in shaping the bank’s market presence and operational foundation. His tenure as Managing Director of BPR Bank Rwanda further cemented his reputation, having successfully overseen its evolution into one of the country’s leading financial institutions. He has also previously served as…
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For those who do not know you, tell us about yourself and your career background. How do you describe yourself? I consider myself a Global East African⏤ born in Uganda, raised in Tanzania and Kenya; lived and worked in Canada, South Africa and now Rwanda. I have spent more than 15 years in the Financial sector in Rwanda, NCBA Bank being my fourth bank, but the first as a CEO. I co-founded Women in Finance Rwanda, which we launched in 2023. As an honourable compliment to my journey, I was recently appointed the 2nd Vice Chair of the Rwanda Bankers…
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