Bank of Uganda (BoU) officials on Monday failed to table vital evidence before MPs on the Committee Of Commission’s Statutory Authorities and State Enterprises (COSASE) regarding the controversial closure of seven defunct banks. This led to the abrupt end of the exit meeting that was slated to put an end
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The United Bank for Africa (Uganda) has expressed willingness to support aspiring Ugandan entrepreneurs in the Tony Elumelu Foundation (TEF) programs. This was revealed by the bank's head of retail, Paul Luyiima on Saturday during a training organised for applicants on how to successfully apply and receive funding for their
Read MoreA section of MPs on Parliament’s the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has claimed that some staff of Bank of Uganda are working hard to frustrate Governor Prof. Emmanuel Mutebile’s leadership. This comes at a time COSASE is concluding investigations into the closure of the seven
Read MoreMPs on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) have blamed the board members of Bank of Uganda for abdicating their duties, leaving management to oversee the controversial and irregular closure of the seven defunct Banks. This has since posed a number of illegalities. In a meeting
Read MoreProperty mogul Sudhir Ruparelia did little to save his bank- Crane Bank Ltd despite having a number of properties to his name, Matia Kasaija, the Minister of Finance, Planning and Economic Development has claimed. Appearing before the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) today where he had
Read MoreCrane Bank Statutory Manager, Edward Katimbo Mugwanya personally oversaw the handover of assets and liabilities of Crane Bank to dfcu bank, the Committee of Commissions, Statutory Authorities and State Enterprises ( (COSASE) that is investigating into the controversial closure of seven banks by the Central Bank has learnt. The Central
Read MoreProperty mogul Sudhir Ruparelia Thursday afternoon attended in person the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) sitting as a backbencher as the committee grilled dfcu bank officials over Crane Bank takeover. Clad in his signature white shirt, Sudhir who was accompanied by his son, Rajiv and lawyers
Read MoreBank of Uganda has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 10 percent in February 2019. This is according to a Monetary Policy Statement issued to the press today by Governor Bank of Uganda, Prof. Emmanuel Tumusiime - Mutebile. Mutebile said although inflation
Read Moredfcu Bank officials Thursday afternoon returned to Parliament this afternoon for further engagement with the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Yesterday the Board Chairman, Jimmy Mugerwa led a combined Board and Management team to parliament following an invitation from the Clerk of the Committee to have
Read MoreThree journalists attached to the British Broadcasting Cooperation (BBC) in Uganda and Vivian Nakaliika, the wife of NBS TV news anchor, Solomon Sserwanja (in featured photo) are in police custody. The journalists are Godfrey Badebe, Kasim Muhammad and Rashid Kaweesa, URN reports. Security operatives are still searching for Sserwanja. Robert
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