The Bank of Uganda has given Banque du Caire the green light to buy out Cairo International Bank in Kampala, to expand its reach in Africa, according to Chairman Tarek Fayed. Banque Du Caire owns 60 percent of the bank's capital shares, and it seeks to acquire National Bank of Egypt and Banque Misr shares of 40 percent scoring 100 percent of the bank's shares. He also told Amwal Al Ghad that the Central Bank of Uganda has approved increasing Cairo International Bank's capital to 5 billion Egyptian pounds. Previously, The Central Bank of Egypt has approved Banque du Caire's request to buy out Cairo International Bank. The bank is set to restructure the Ugandan branch in order to be the starting point to expand in Africa and enhance the trade exchange between Egypt and Africa. In addition, it intends to become among the top 10 banks during its five-year plan.