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)
Read MoreBagyenda To MPs: Don’t Ask Me About 7 Defunct Banks, Let BoU Current Team Answer!
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
Read MoreThe 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
Read MoreBoU Officials Grilled Over Sale Of Defunct Banks’ Loans At High Discounted Rates
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)
Read Moredfcu bank has spoken out on media reports suggesting all is not well at the Uganda’s second largest bank by assets. In a statement issued on Tuesday 20, November 2018, Agnes Tibayeita Isharaza, the Company Secretary says the bank remains solid and committed to serving its customers. Below is a
Read MoreKenya’s largest bank by assets KCB last year suffered the highest staff attrition rate in five years having lost 861 employees or nearly four times the previous year’s exits, a newly released report says. KCB says in its latest sustainability report, covering 12 months to December 2017, that staff attrition
Read MoreIt has emerged that Bank of Uganda (BoU) also closed International Credit Bank (ICB) without an inventory report, the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has learnt. Inventory simply means a list of goods and materials/properties that a business holds for the ultimate goal of resale or
Read Moredfcu Bank in partnership with Monitor Publications Limited’s (MPL) flagship brand Daily Monitor and Uganda Investment Authority-UIA, have just concluded a nationwide three-phase initiative dubbed Rising Woman under the theme ‘Taking your Business Ahead’. The objective of the initiative is to recognize, celebrate and promote a culture of mentorship among
Read MoreTroubled former Executive Director- Supervision at Bank of Uganda, Justine Bagyenda has been summoned by the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to explain why she never furnished the Governor with reports regarding liquidation status of some of the seven closed banks being investigated by the
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