Bank of Uganda (BoU) officials were Tuesday quizzed on why the Central Bank continues to pay billions of tax payers’ money to external lawyers despite having a legal department with one of the best lawyers in the country. The officials led by BoU Deputy Governor, Dr. Louis Kasekende had appeared
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The 2017 version of Ecobank Group Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched today at AfricaFICC. Indicating a positive outlook for the continent, three key trends are forecast to take hold during the next
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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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By Aloysious Kasoma Equity Bank Uganda has unveiled city comedian and actor cum radio presenter Patriko Mujuuka as brand Ambassador. Addressing the press at the Bank’s Supreme branch along Buganda road in Kampala on Wednesday, Anthony Kituuka, the Equity Bank Uganda Executive Director, said that Mujuuka appeals to all types
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Standard Chartered Bank Kenya Ltd (SCBKL) has issued a profit warning for the full year ending December 2017, citing the effects a cap on interest rates imposed a year ago and unpaid loans in a sluggish economy, reports Business Daily. “SCBKL projects that net earnings for the year ending December
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Bank of Uganda (BoU) and the Central Bank of Sudan have agreed to explore all avenues to consolidate and expand trade and investment between Uganda and Sudan. This was during a meeting between Bank of Uganda Deputy Governor, Dr. Louis Kasekende, and the Governor of the Central Bank of Sudan,
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Stanbic Bank won an unprecedented five accolades including the overall Gold award at the 2017 Financial Reporting awards held at the Serena Hotel in Kampala. Held under the theme, ‘Moving beyond numbers: Unlocking the value through reporting’ different institutions were awarded in 13 categories, with Stanbic Bank winning the Annual
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There was a battle of brands during the official handover of the Jinja Storage Terminal by the energy ministry to the Uganda National Oil Company (UNOC) last week. The Storage Terminal managed by a private firm, One Petroleum operates under UNOC and received funding from Equity Bank Uganda to refurbish
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Kenya Commercial Bank’s (KCB’s) regional subsidiaries have registered profit on the back of relative currency stability, helping the lender absorb the impact of the interest rate cap back at home, reports the Standard. The six subsidiaries, including Uganda and Tanzania, collectively contributed Sh586 million in the January-September period, up from
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Bank of Uganda (BoU) lawyers; AF Mpanga and MAAKS Advocates have leaked the client list of former Crane Bank account holders. The list was submitted to the Commercial Court as evidence in the Crane bank saga and ongoing court battle between Bank of Uganda (Crane Bank under receivership) and Sudhir
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