Finance (520)

Crane Bank Supports Masaka Nursing Home


Crane Bank donated an assortment of medical supplies to Tender Hands Nursing Home in Lukaya, Masaka district. This philanthropic venture came as part of Crane Bank’s corporate social responsibilities activities.

The bank has held similar CSR activities like the Free Eye Screening and treatment for everyone, blood donation campaigns, Save The Environment drive by planting trees with the Indian High commission, sponsorship of the KCCA Carnival, school fees sponsorship, supporting the Fistula Repair Program with Nakasero Hospital, and sponsorships of various marathons among others.

Tender Hands Nursing Home is a registered Non-Governmental Health Project and offers nursing services to all the People who have illness in Lukaya Town Council and its neighboring villages. Tender Hands Nursing Home has an in-Patient and out-Patient Clinic.

Mrs. Juliet Nakidde, the director of the nursing home said, "We are always looking to extend medical and clinical facilities in the Masaka region; especially towards pregnant women.”

Crane Bank also exercises its corporate responsibility beyond its core business. More than 10,000 people benefit from the different initiatives as part of its commitment to society.

“Agriculture Financing”, the bank's education program, has reached over 500 schools countrywide. Over 5,000 people have benefited from the bank's financial literacy programs. Out of Uganda’s 112 districts, Crane Bank has a direct outreach to 70 districts through 23 upcountry branches. They range from microfinance to impact investments and aim to promote entrepreneurship, improve people's local environment and help people in emergency situations.

Crane Bank commenced operations in August 1995 and survived the banking crisis of the late 1990s to become the largest indigenous bank in country today. The bank now boosts of 46 branches across the country.

Crane Bank provides a full range of financial products and services, each tailored to meet the individual needs of its customers, through its nationwide branches and ATMs spread across Uganda and a subsidiary, Crane Bank in Rwanda.

Crane Bank has won several awards including the prestigious “The Best Bank Uganda” of Euro money and “Banker of the Year” award from The Banker Magazine, publication of the Financial Times for the 9th time in 10 years. Crane Bank has won the “Deutsch Bank USD STP Award” four times in a row.

Simba Energy Raises $2.1 Million To Fund Exploration In Kenya


Simba Energy Inc., a listed oil and gas exploration junior, has closed its previously announced non-brokered private placement to raise gross proceeds of $2.1m. 

 The Company issued 42,014,975 units at a price of $0.05 per Unit, each Unit consisting of one share and one-half of one warrant, with each whole warrant entitling the holder to purchase one Warrant Share at an exercise price of $0.075 per Warrant Share for a period of two years.

The Company plans to use the proceeds of the Private Placement to fund exploration commitments associated with the Company’s Production Sharing Contracts in Kenya, and general working capital purposes.

All securities issued pursuant to the Private Placement are subject to a four month hold period expiring on May 22, 2016. Simba Energy Inc. provides investors with well positioned exposure to oil and gas exploration in key areas of Africa with active onshore production sharing contracts in Kenya and Guinea.

The Company is under continuing negotiation in Chad, Liberia and Ghana to acquire more production sharing contracts. Simba’s mission is to focus on onshore oil and gas potential in areas that are under-developed or not previously exploited.


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