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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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Uganda To Rwanda: We Don’t Conduct Our Diplomatic Relations In The Media

Uganda doesn’t conduct its diplomatic relations with other countries in the media like the case is with the Rwandan, the Ugandan Government has said. This is after Rwanda President, Paul Kagame attributed the tensions between the two nations on Ugandan government listening to rumors from people who are opposing the

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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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Museveni: We Must Embrace Science and Technology to Empower Our People

Uganda's President Yoweri Museveni has told the Central Executive Committee of the National Resistance Movement that for the party to propel the country forward and economically transform the society, the leaders must appreciate the importance of science and technology to drive socio-economic transformation. This coupled with understanding the correctness of

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