The renewal comes after a period of inactivity at the Court Martial, as the court could not operate without the renewed contracts. Brigadier Mugabe, who first assumed the role in 2022, succeeded Lieutenant General Andrew Gutti, who served six consecutive terms.
Looking at newly approved anti-bacterial since 1 July 2017, 13 new antibiotics have obtained marketing authorization but only 2 represent a new chemical class and can be termed innovative, as they are both approved as effective against bacteria and safe for humans.
Deputy Governor, Dr Michael Atingi-Ego says the action taken under Sections 99 and 17(b) and (f) of the Financial Institutions Act 2004, was informed by poor governance and failure to meet the required capitalisation levels. This was putting customer deposits at risk, according to Dr Atingi-Ego.
