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IGP, URA Should Act On Officials Implicated In Illegal Closure Of Banks- COSASE Report

Officials implicated in the controversial closure and sale of seven banks are in trouble after the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report advised the Inspector General of Government (IGP) and Uganda Revenue Authority (URA)  to take action on them. COSASE investigations into BoU followed the

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Analysis & OpinionsFeatured

Besigye Details ‘Uganda’s Second Liberation Struggle’ In New Dossier

Dr. Kizza-Besigye, the former President of Forum for Democratic Change (FDC) has issued a new dossier, detailing ‘Uganda’s second liberation struggle.’ “Unfortunately, there’s still some confusion on how POWER will shift from the “Presidential Monarch” to the people. It’s important that we achieve widespread clarity on the approaches to getting

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Analysis & OpinionsBankingFeatured

COSASE Report Implicates Top BoU Officials On Closure & Sale Of Defunct Banks

The long-awaited Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report on the controversial closure and sale of seven defunct banks by Bank of Uganda (BoU) is finally out. The investigations followed the special audit report by the Auditor General that raised a number of queries in the

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Analysis & OpinionsBankingFeatured

ANALYSIS: What COSASE Probe Means To BoU, Banking Sector

The Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has for the last three months been investigating Bank of Uganda (BoU) over the controversial closure and sale of seven defunct banks. The investigations followed the special audit report by the Auditor General that raised a number of queries

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Analysis & OpinionsBankingFeaturedNews

Report: Uganda’s Lending Rates, Non-Performing Loans Declining

Lending rates and Non-Performing Loans (NPLs) in Uganda’s banking industry are gradually declining, a new report has revealed. The PwC report titled ‘Uganda Economic Outlook – 2019’, Average lending rates charged for shilling denominated loans have been gradually declining. As at June 2018, the shilling denominated loans average interest rates

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