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16:49
16:49

No Need For Recapitalization of BoU- Deputy Governor 1 1 Top story

“The procedure for recapitalization is that once the audited accounts for any financial year have been finalized, then the level of capital is determined…whether the capital is impaired or not. Should the capital be impaired and then it is only at such a point when Bank of Uganda requests the Ministry of Finance to present to parliament a request for recapitalization,” said Atingi-Ego.
Apr 1 result