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Sep 10 results
10:02
10:02

BOU Didn't Blow UGX 478B in Crane Bank Take Over-Mutebile uganda 1 1 Top story

First, the BOU did not take Shs 478 billion from an undisclosed account. The BOU provided a loan to Crane Bank and this money came from the BOUs own resources. The BOU is a Central Bank and like any other Central Bank it can create financial assets and liabilities. In this case the BOU created a financial asset the loan to Crane Bank which was matched by an equivalent liability an increase in the money supply.
12:29
12:29

Deputy Governor Defends Takeover of Insolvent Banks institute 2

According to Kasekende, Bank of Uganda is mandated to use resources it controls to provide some financial relief to banks experiencing liquidity challenges but not to bail insolvent banks.
11:00
11:00

Police Kill Armed Thug road

According to Kiiza, the thugs open fire to scare off on lookers before they sped off in a Toyota premio vehicle towards Nakalama trading center and branched off to a murram road. Police pursued the thugs and intercepted them at Kasolo village in Bulamagi Sub County leading to a fierce shot in, which one thug was killed.
18:34
18:34

Uganda Orders Four Aircrafts For Revived Flag Carrier people 1 Top story

Ephraim Bagenda said Uganda Airlines will be providing the best passenger experience with the bombardier air crafts. He said Uganda is confident bombardier will help Uganda Airlines to flourish.
15:00
15:00

Mobile Money Agents Close Shops Over Tax gobierno 3 1 Top story

Madina Nakitanda, the director of Husnah Enterprises Limited, says they were already grappling with various taxes before the transaction levy came in the picture. She asks government to scrap the mobile money tax and retain the old taxes including trading license fees, income tax and excise duty.
12:09
12:09

Metropolitan Forex Bureau Employees Steal US$ 500,000 police 1

Katenta later filed a case at Kampala Central Police Station claiming that she had been mugged and all the money taken by thugs as she entered the bank. She was picked up a day later after Metropolitan Forex Bureau filed a case of theft against her and Nanyanzi.
15:08
15:08

Police Sacco Rumor: Officers Withdraw Savings investigation 1

Henry Kalulu, the Exodus Sacco chairperson also said its okay for officers to withdraw their money if they sense any insecurity.
10:37
10:37

Apac CFO, Finance Officer Interdicted Over UGX 800M investigation 1

Preliminary investigations implicate the two for paying over 800 million Shillings into the accounts of some individuals in the district without the authorisation of CAO.
17:27
17:27

Kitgum Tightens Grip on Local Revenue Collection city 1

Dan Oroma, the Speaker Kitgum Municipality, says council unanimously resolved that all revenues be banked by the tax payers who will be expected to present bank deposit slips for verification.
06:57
06:57

Giraffes Transfered To Murchison Falls National Park bank 3 3

Dr. Patrick Atimnedi, the Veterinary Coordinator at Uganda Wildlife Authority, says over the last one week, the team has been busy darting and capturing the animals from the wild.
Sep 10 results