The 7th February 2018 decision by the Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile to reshuffle staff has opened a Pandora's Box, exposing rot at Uganda's Central Bank. In a 7th February 2018 internal memo, Mutebile communicated a number of internal staff transfers, promotions and appointments from outside the
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Three Bank of Uganda employees charged in the anti-corruption court over a procurement scandal have taken leave from office in line with the Public service rules that require a public servant to step aside, in the face of an investigation. The three officials are Francis Kakeeto, the Assistant Currency Director
Read MoreEXCLUSIVE: Report Confirms BoU Cliques, Reveals How Top Boss Was Recruited With A Pass Degree
A new report has revealed the shocking rot at the Bank of Uganda, the country’s Central Bank. The Report of the Presidential Tripartite Committee Investigating the Bank of Uganda that was instituted by President Yoweri Museveni shows that the Central Bank has a lot of governance issues. Museveni instituted the
Read MoreBank of Uganda Deputy Governor, Dr. Louis Kasekende has broken the silence about the reported extra Shs90bn currency printed by Central Bank officials for their own use. While in Masaka for BoU Town hall Meeting on Wednesday, many people asked Kasekende for clarification on the ongoing investigations by the Uganda
Read MoreThe Bugweri County Member of Parliament, Abdul Katuntu, says there is need to address Governance issues in Bank of Uganda-BoU to curb scandals rocking the Central Bank. Katuntu, who chaired the Committee on Commissions Statutory Authorities and State Enterprise-COSASE, says there is a big fight between the Governor BoU, Emmanuel
Read MoreThe Bank of Uganda (BoU) latest report has detailed the current status of Uganda’s banking sector, showing improvement in key parameters. The Financial Stability Review for the Quarter ended 31st March 2019 shows that Uganda’s financial system stability improved over the quarter ended March 2019. Total Assets and Lending The
Read MoreAt least 5,000 women are expected to participate in the 2nd edition of dfcu Women in Business’ Rising Woman Initiative. The Rising Woman initiative which was started last year under the theme ‘Taking your business ahead’ is meant to recognize, celebrate and promote a culture of mentorship among women in
Read MoreThe controversy surrounding the alleged illegal extra printing of currency notes amounting to Shs90bn by Bank of Uganda (BoU) officials has left MPs puzzled, with a section of them (MPs) seeking the intervention of United Kingdom’s Scotland Yard to thoroughly investigate the Central Bank. Taking to the floor of Parliament
Read MoreEquity Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia as it prepares to commence operations. The Bank has appointed Hassan Maalim as the Head of the Commercial Representative Office which will be based at Kazanchis-Addis Ababa Ethiopia and is expected to be fully operational in July
Read MoreEquity Bank clients were on Tuesday gripped with fear after it emerged that unscrupulous people had accessed the bank system and made transfers. According to reports, the incident happened on Tuesday afternoon. Some clients who were affected by the hack received SMS on their phones indicating that money had been
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