TLG Capital today announced it has purchased 49% of Opportunity Bank Uganda Ltd (OBUL), a tier 1 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 sh...