Bank of Uganda officials have told Parliament's Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that they cannot trace the offices or address of Kirkland Associates, a law firm that they hired for consultancy services during the process of selling seven defunct banks. They made this revelation on Monday while
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The embattled former Bank of Uganda Executive Director in charge of Supervision, Justine Bagyenda has Monday morning appeared at Parliament to face the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that is probing BoU officials over the controversial closure of seven commercial banks. Bagyenda is accused of conniving
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Shares of Rwanda’s largest lender by assets, Bank of Kigali (BK) Group Plc, started trading on the Nairobi Securities Exchange (NSE) on Friday, the Daily Nation reports. It becomes the second company to cross-list on the Nairobi bourse after Uganda’s Umeme in December 2012. The BK Group’s shares, whose primary
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Uganda’s Central Bank is yet to formally revoke licenses of seven defunct banks that were controversially closed 20 years since the first bank was closed in closed in 1993. Appearing before the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) on Friday, Margaret Kagwa, Legal Counsel, Bank of Uganda
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Two aides to former Executive Director, Banking Supervision Bank of Uganda, Justine Bagyenda were on Thursday arrested by the Parliamentary Committee on Commissions Statutory Authorities and State Enterprises (COSASE. They were handed over to Parliament Police CID for further investigations over suspected crucial documents stolen from the Central Bank. The
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UBA Uganda last week through the UBA Foundation, the arm of the bank charged with Corporate Social Responsibility (CSR) launched the ‘Each One Teach One’ Initiative designed to benefit youths in Africa. The purpose of the Each One Teach One Initiative is to create opportunities where UBA staff across the continent voluntarily commit
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Members of Parliament (MPs) on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) and Bank of Uganda officials were on Wednesday treated to free drama when an aide to former Executive Director, Supervision, Justine Bagyenda protested her appearance before the Committee, Parliament has no powers to summon her.
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It’s a public secret that the rot at the Bank of Uganda (BoU) has exposed the Central Bank to the core. BoU, with a mandate of ensuring macro-economic stability has a crucial stake in the growth and development of the country. The Central Bank should be largely free of scandals
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Stanbic Bank has today awarded graduation certificates to 420 entrepreneurs from 119 Small and Medium Enterprises (SMEs) through its business incubator. This is the second cohort to graduate since the incubator was launched earlier this year. Cohort one saw 94 entrepreneurs from 34 businesses graduate; thereforemaking a 2018 total of
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Fintech, one of the leading enterprise information technology solutions and services providers, Thursday launched a new generation of smart point of sale (POS) devices that will increase efficiency in payments for retail customers. The POS devices will allows real time cash and cashless transactions across multiple platforms. Fintech who are
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