Just a few Crane Bank branches upcountry operated normally today as Bank of Uganda announced the take-over of the countrys third largest bank.Today afternoon, the Bank of Uganda governor Prof.Emanuel Tumusiime Mutebile took control of the bank saying the continuation of Crane Bank activities in the current form is detrimental to the interests of its depositors.
The government, in this years national budget promised to more than halve her domestic borrowing to 612 billion Shillings from 1.4 trillion Shillings in financial year 2015/16.
Central Bank Governor Emmanuel Tumusiime Mutebile says that the continuation of Crane Bank activities in the current form is detrimental to the interests of its depositors.
Uganda imports more than she exports, meaning the country receives less U.S. Dollars from exports compared to the amount of US Dollars spent on imports. As of August 2016, Ugandas trade deficit stood at 207 million U.S. Dollars, year-on-year.
In shops around Kampala URN came across corrupted inscriptions like Nckia and Nokla which can easily be seen as Nokia and Samsong which can be mistaken for Samsung, among others. There are also a collection of other phones that are fixed with adhesives which peel off with time.
