Home > Banking (Page 2)
BankingFeaturedNews

Katuntu Insists: BoU Officials Took Advantage Of Distressed Banks To Loot Shareholders

 The former Chairperson of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu has accused Bank of Uganda officials of taking advantage of distressed banks to loot shareholders and thus kill their businesses. “It is true these banks were distressed but that didn’t mean that somebody should

Read More
BankingFeaturedNews

‘99 Percent Of Kenyan Bank Accounts Hold Less Than UShs37m’

Kenya’s Central Bank Governor (CBK) Patrick Njoroge (in featured photo) on Tuesday revealed that 99.3 percent of bank accounts in Kenya have less than Ksh.1million (about UShs37 million), Citizen TV reports. Njoroge, appearing before the Parliamentary Committee on Finance and National Planning on Tuesday, said most Kenyans willingly report on

Read More
Analysis & OpinionsBankingFeaturedNews

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

Read More