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I&M Group PLC, formerly known as City Trust Limited (CTL) was incorporated on 16th August 1950 and is one of the oldest companies to list on the Nairobi Securities Exchange (NSE). I&M Holdings was licensed and approved as a non-operating holding company in accordance with the provisions of the Banking Act, Cap 488 Laws of Kenya following a reverse takeover of CTL by I&M Bank Limited in June 2013.
Prior to that, CTL was an investment holding company listed on the Alternative Investment Market Segment (AIMS) of the NSE. Following the reverse takeover, CTL changed its name to I&M Holdings and moved on to the Main Investment Market Segment (MIMS) of the NSE. The Company is regulated by the Capital Markets Authority (CMA) and the Central Bank of Kenya.
I&M Group PLC operates in five countries – Kenya, Tanzania, Rwanda, Uganda and Mauritius through its subsidiaries, affiliates and joint venture investments in each of these countries.