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Housing Finance Bank Seeks Shs61bn Capitalization From Gov’t

The Finance Committee of Parliament has tasked Housing Finance Bank to offer thorough justification for a Shs61bn capitalization request from government. The government, with 49.18 percent shares, owns the bank jointly with National Social Security Fund -NSSF (50 percent) and the National Housing and Construction Company (0.82 percent). State Minister

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EXPOSED: Bank of Uganda Splashes Shs6.5bn On External Lawyers

mmanuel-Tumusiime Mutebile

The Bank of Uganda (BoU) has spent a whopping Shs6.5bn on external lawyers, Business Focus reveals. BoU mainly uses Timothy Masembe Kanyerezi of MMAKS Advocates and David Mpanga from AF Mpanga and Company Advocates as external lawyers to handle its legal cases. [caption id="attachment_4189" align="aligncenter" width="300"] Timothy Masembe[/caption] Business Focus

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