TLG Capital (TLG), an investment holding company, has announced that it has purchased 49% of Opportunity Bank Uganda Ltd (OBUL), a tier 1 financial institution (commercial bank) with 23 branches and 22 ATM points across Uganda. OBUL is licenced and regulated by the Central Bank of Uganda and offers tailor-made products and services for individuals, micro-businesses, and small-and-medium sized enterprises (SMEs). The bank was originally a microfinance institution founded in 1995. The transaction makes TLG the largest shareholder of OBUL. Remaining shareholders (all NGOs) include Opportunity International Group (43%), Faulu Uganda (7%), and Food for the Hungry (1%). TLG’s investment…
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