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Feb 131 results
14:23
14:23

BoU Staff Expect Kasekende's Contract to Be Renewed bank of uganda 1

Kasekende, 61, first served as the deputy governor between 1999 and 2002. Before then, he had served in different capacities at the central bank –director of Research Department and executive director responsible for research and policy.
13:32
13:32

Borrowers To Default on Loans– BoU Survey bank of uganda 1

The tightening of loan terms for long term borrowers could be due to the fact that the country is entering an electoral period where businesses are affected with most investors putting their spend in Uganda on hold for the period to end. While government is not expected to change, there is uncertainty over the economy in the after 2021. Banks are saying let us wait and see.
15:26
15:26

BoU Officials Charged, Remanded bank of uganda 1

Prosecution alleges that the suspects on April, 26th, 2019 between France, Belgium and Entebbe International Airport allowed the inclusion of unauthorized cargo on a plane chartered by BoU.
18:44
18:44

BoU Tasked to Explain Irregular Procurements bank of uganda 2 1

The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) queried irregular procurement worth 300 million Shillings of 350 branded pens worth 125 million Shillings, and a payment of 100 million Shillings to Kampala Serena Hotel. Also queried is an additional 64 million Shillings that was paid out for the hire of tents and chairs in 2016.
17:25
17:25

MPs Summon Muhakanizi Over BoU Audit Queries bank of uganda 5 1

Prior to the commencement of the meeting, MPs asked BoU officials to name the person responsible to account for funds availed to the Central Bank.
12:59
12:59

Uganda Exported Gold Valued at UGX1.3 Trillion in March gold exports uganda 1 Top story

This brings the total export for the three months to March 2019 or the first quarter of 2019 to $493m (1.8 trillion shillings), this is slightly lower than the $ 549 million (2 trillion Shillings) exported in the whole of 2018
19:32
19:32

Edwin Keronga to Head PostBank as Mukweli Bows Out bank of uganda

Mukweli who has been the bank’s Managing Director since the early 2000s, handed in his resignation to the bank’s board chairman Grace Bakunda on Friday, a day after his appearance at the Anti-Corruption Court, where he and six other officials were charged with abuse of office, causing financial loss and conspiracy to defraud their employer.
16:13
16:13

Gov’t Considers Infrastructure Bonds as Alternative Funding Source nssf uganda 2

Infrastructure bonds are a debt instrument issued to fund the infrastructure projects such as road construction, water supply improvement, and power generation projects.
15:42
15:42

Brac Granted Approval to Become Credit Institution bank of uganda

The license, which URN has seen, stipulates that Brac must deposit a minimum capital requirement of 1 billion shilling with Bank of Uganda on top of paying an initial license fee of 2m shillings.
19:31
19:31

Central Bank Tasked to Stop Mortgages on Public Land bank of uganda 3 1

Bamugemereire’s plea is based on reports that chunks of government land have been mortgaged by individuals and often taken over by commercial banks.
18:47
18:47

Post Bank Remains Sound amid Probe – BOU Bank of Uganda

A statement issued this evening by the Central Bank indicates that The Bank of Uganda is working very closely with investigative teams and the Ministry of Finance to ensure that the services and operations of Post Bank Uganda Limited are not interrupted.
09:10
09:10

Stanbic Bank Uganda Reorganization to Boost Stock patrick mweheire

The reorganization will see the formation of a holding company where the banking business will be transferred as a subsidiary. The company will then invest in non-banking ventures. A holding company refers to a corporation that owns enough voting stock in another company to control its management and policies.
21:41
21:41

MPs Punch Holes in COSASE Bank Probe Report bank of uganda 8 1 Top story

The Ajuri County MP, Hamson Obua volunteered to name the officials who featured prominently during the investigations as some of the people responsible for the irregularities.
21:24
21:24

Crane Bank Closure Was Illegal-COSASE cosase report 1 1 Top story

The report indicated that an analysis of the Banks liquidity from 1st January to 24th January 2017 revealed that the financial institution had recovered from liquidity distress from mid-January 2017 to the time it was disposed on 25th January 2017.
20:23
20:23

BoU Erred in Closing Greenland Bank cosase report 1

Bank of Uganda should take full responsibility for any likely loss resulting from the closure of Greenland Bank.
16:44
16:44

BoU Tasked to Explain Foreign Currency Payment to MMAKS Advocates crane bank limited 4 1

The lawyers from MMAKS Advocates were paid USD 230,000, which translated into 759 million Shillings at the 2017 exchange rate, for services relating to the transactions by the Central Bank in the closure and sale of Crane Bank Limited.
17:34
17:34

Bank Probe: COSASE Ejects Central Bank Officials closure of banks 3

Tumubweine Twinemanzi, the BoU Executive Director of Supervision started off by disputing allegations made by the shareholders of the defunct Global Trust Bank-GTB, regarding the manner in which the bank was shutdown.
07:00
07:00

COSASE Queries BoU Payment to MMAKs Advocates bank of uganda 1 5

Katuntu said that the Bank of Uganda Governor, Emmanuel Tumusiime Mutebile will be required to return to the committee to explain the basis of paying the law firm without any documentation in relation to the services they offered.
19:32
19:32

Lira Municipal Council Recovers UGX 20M lira municipality 1

The money was in October deposited on the Stanbic bank account of Jimmy Otim, an Estate Officer at Uganda Technical College, Lira under unclear circumstances.
18:22
18:22

Conflict of Interest Cited in Global Trust Bank Sale bank of uganda 6 1 Top story

Mbarara Municipality MP Michael Tusiime raised concerns saying that according to the list of shareholders of DFCU Bank availed by the Central Bank to COSASE, Bank of Uganda holds shares in the commercial bank under the Bank of Uganda Staff Retirement Benefit Scheme and Bank of Uganda Staff Pensions Fund held shares in DFCU.
Feb 131 results