Banking

In a shocking revelation, the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has learnt that Bank of Uganda (BoU) sold Global Trust Bank (GTB) and National Bank of Commerce (NBC) on phone calls. The Committee also learnt that there were no minutes taken during the reported negotiation meetings,

This year, East African Development Bank  (EADB) clocks half a century excelling in being the leading development finance institution for member states. It marks the 50th year when the bank first opened its door for business. With primary focus on interventions in food security, infrastructure, education, health, natural resources, environment

Justice Irene Mulyagonja, the Inspector General of Government (IGG)  has observed that the on-going probe on Bank of Uganda ( BoU) is a result of poor governance practices. Mulyagonja says that failure to enforce good governance practices enabled corrupt officials at Central Bank to engage in corrupt tendencies. She stressed

The committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has learnt with shock that former Executive Director in charge of Supervision at Bank of Uganda, Justine Bagyenda reportedly took a sole decision to sell Global Trust Bank (GTB) to dfcu bank in 2014. COSASE is currently probing BoU officials

The health of Uganda’s Private Sector continues to improve on the back of a rise in output in several sectors of the economy. This is according to the Stanbic Purchasing Managers’ Index for the month of November which recorded at 55.7 above the 50.0 reading signaling improvement in business conditions.

The Bank of Uganda (BoU) has decried continued government borrowing from domestic banks, a thing that is crowding out private sector. The remarks were made by Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor on Wednesday while issuing the Monetary Policy Statement for December 2018. Mutebile said the BoU’s Composite Index Economic

The Bank of Uganda woes continues to deepen. The latest is that the Committee of Commissions Statutory Authorities and State Enterprises (COSASE) is investigating into the possibility that some of the staff at the Central Bank who had been hired to oversee the liquidation of some of the closed Banks

MPs sitting on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) on Monday rejected a request by former Bank of Uganda Executive Director in charge Supervision, Justine Bagyenda to have her two aides who were arrested last year released. Last week, COSASE handed over two Bagyenda aides; Juliet