The Bank of Uganda Governor, Prof. Emmanuel Tumusiime-Mutebile has hailed the introduction of mobile money in 2009 as a game-changer in Uganda’s financial sector. Speaking on Financial Sector Deepening Uganda Breakfast Discussion on “Redefining Financial Inclusion” held at Kampala Serena Hotel on Wednesday, July 10, 2019, Mutebile acknowledged the unprecedented
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Uganda’s banking sector is yet to fully recover from high Non-Performing Loans (NPLs) that has left many banks counting losses as a result of high loan defaults. This state of affairs has also left a number of business people and companies financially distressed. The latest is that Standard Chartered Bank
Read MoreThe Bank of Uganda (BoU) has spoken out on the reported suspicious movement of currency from Kampala to upcountry branches. This comes at a time when Police is investigating the Central Bank following reports that some of its officials allegedly printed extra Shs90bn for their own use. In a statement
Read MoreLawyers of property mogul, Sudhir Ruparelia have objected to the case in which Bank of Uganda (BoU) sued their client (Sudhir) for allegedly fleecing his own bank (Crane Bank in receivership) of Shs397 billion in fraudulent transactions. Ruparelia through his lawyers of Kampala Associated Advocates (KAA) today presented a preliminary
Read MoreUganda Bankers Association (UBA) is set to hold the 3rd Annual Bankers Conference (ABC) 2019 under the theme: De-risking financing & Investment in agriculture to promote decent youth employment and inclusive growth. The One-day conference will be held on Tuesday 16th July 2019 at Kampala Serena Conference Center, Victoria Hall,
Read MoreShocking Details Of ‘Deep Rooted’ Job Fights Threatening To Crash BoU
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
Read MoreThree 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
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