Banking

The Bank of Uganda (BoU) Governor  Prof.  Emmanuel Tumusiime- Mutebile has revealed that the Central Bank cannot open any of the seven defunct Banks. "In principle, I would never dream of opening a Bank that I closed before," Mutebile said. He was responding to a question raised by  Aruu County

Bank of Uganda officials have revealed shocking details surrounding the closure of Teffe Bank. Appearing before the Committee of Statutory Authorities and State Enterprises (COSASE) on Thursday   to respond to queries raised in the special Auditor General’s report about the controversial closure of the seven defunct banks, Tumubweine Twinemanzi, the

Over 700 members of the private sector have benefited from dfcu Banks Business Accelerator Program supporting the Oil & Gas local content agenda. The Oil & Gas local content skilling program was launched in June 2018 targeting multiple sectors that can potentially take up opportunities in the sector. Discussions broadly

Bank of Uganda (BoU) has admitted that Teffe Bank was closed without the list of inventory. Inventory simply means a list of goods and materials/properties that a business holds for the ultimate goal of resale or repair. BoU officials made the revelation on Monday while interfacing with MPs on the

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) Monday rejected the legal opinion of Bank of Uganda lawyers on how to conduct investigations into how seven defunct banks were closed. This is after Titus Mulindwa, the BoU Acting Legal Counsel wrote to the Committee expressing his displeasure on

By Aloysious Kasoma dfcu Bank in partnership with Uganda Investment Authority (UIA) and Daily Monitor has launched a new expo which will see top women business proposals win up to sh30M. The expo is scheduled to take place on Friday 16th and Saturday 17th November, 2018 in Kampala. Speaking at

A top manager at Kenya based Equity Bank linked to sexual harassment of interns has been replaced after accusations against him were made public in Facebook posts last month. The manager whose identity was not disclosed is accused of making inappropriate advances towards female interns under the Equity Leaders Programme

Government has failed to collect its dividends amounting to Shs1.25bn from Housing Finance Bank, MPs on the Public Accounts Committee (PAC) blaming Ministry of Finance for the laxity. According to the Summary Statement of Financial Performance of Public Corporations and State Enterprises for the financial year ended 30th June 2015;