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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Former Bank of Uganda Executive Director-Supervision, Justine Bagyenda has informed the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) that she will no longer be appearing before the Committee since she is flying out of Uganda. COSASE is currently probing Central Bank officials over the controversial closure of
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Uganda’s financial sector is full of ethical and governance challenges, former Executive Director, Supervision at Bank of Uganda, Justine Bagyenda has said. Her remarks are contained in her hand over report to her successor, Twinemanzi Twinobwine where she highlighted the challenges faced by Bank of Uganda in streamlining the sector.
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Ecobank Uganda Thursday flagged off four lucky winners of the Transact and Win promotion to watch live the Formula One-Yas Marina Grand Prix in Abu Dhabi. Handing over the tickets to the winners at the bank’s head offices located along Parliamentary Avenue, Ecobank’s Head of Consumer Banking -Nuhu Kanyike said
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In a shocking revelation, it has emerged that Bank of Uganda overthrew the Constitution and laws of the land and instead used United Kingdom law while selling three defunct banks. BoU officials made the revelation on Wednesday while appearing before the Committee of Commissions Statutory Authorities and State Enterprises (COSASE)
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Troubled former Executive Director in charge of Supervision at Bank of Uganda, Justine Bagyenda Wednesday stunned Parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) when she said the MPs should ask BoU current team about the seven controversially closed banks. Bagyenda, was dropped from Financial Intelligence Authority board
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The Commercial Court has pushed to next year the hearing of pending applications in the case between Bank of Uganda and city property mogul Sudhir Ruparelia over sale of Crane Bank to Dfcu Bank., URN reports. The head of the Commercial Court, David Wangutusi deferred the hearing of three applications
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Bank of Uganda (BoU) officials have explained the criteria the Central Bank used to sell loans of three defunct banks at a discount. This is after they failed to table documentary evidence detailing the sale. BoU officials had appeared before the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE)
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