A 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 More
MPs 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 More
Property 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 More
Crane 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 More
Property 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 More
Bank 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 More
dfcu 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 More
Three 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
Read More
The Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) that is investigating the controversial closure and sale of seven defunct banks has summoned Uganda’s Auditor General, John Muwanga (in featured photo) to explain the circumstances under which he came to acquire shares in the defunct Cooperative Bank without the
Read More
Former Executive Director- Supervision at Bank of Uganda (BoU) Justine Bagyenda directed owners of defunct Crane Bank Ltd to buy some assets and liabilities of National Bank of Commerce (NBC) that was co-owned by former Premier, Amama Mbabazi, tycoon Sudhir Ruparelia has said. Appearing before Committee of Commissions, Statutory Authorities
Read More
