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Uganda Development Bank to receive Extra shs100b

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Uganda Development Bank The finance committee also revealed that in the next financial year (2020/2021), Uganda Development Bank (UDB) will be...

Bank of Uganda in Spotlight over shs460b capitalization request

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MPs on Parliament’s finance committee have questioned another planned recapitalization of Bank of Uganda (BOU) with sh480b. The...

UNTOLD STORY: How the plan to steal 90 billion was hatched...

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Printing of money to the tune of 378 billion was authorized by the responsible people and that was statehouse, Governor Mutebile and...

Finance minister, PS clash over sh150b

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A fresh controversy has rocked the finance ministry, with the Permanent Secretary and Secretary to the Treasury, Keith Muhakanizi, clashing with the finance ministers,...

Katuntu defends COSASE commercial banks probe report

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In the run-up to last week’s release of the committee on commission’s statutory authorities and state enterprise’s (COSASE) report on the closure of seven...

“Whatever we did was in accordance with the law” Kasekende speaks...

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The central bank has roundly rejected the findings of the parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) that there...

Cooperative Bank owners demand accountability of assets from BOU

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Almost 20 years down the road since Co-operative Bank was closed, shareholders and directors say they have since not had access to the evaluation...

NBC was illegally closed, say Mbabazi, Rukikaire

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Six years since the National Bank of Commerce (NBC) was closed, the stakeholders and directors believe the Central Bank acted outside the...

Kasekende wants MP Odonga Otto’s to be punished

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Bank of Uganda deputy governor Louis Kasekende has written to the Speaker of Parliament, Rebecca Kadaga, demanding that disciplinary action be taken against Odonga...

BOU Saga : MPs demand accountability for sh478b

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MPs investigating the closure of seven defunct banks have asked Bank of Uganda (BOU) to account for sh478b that was purportedly injected...

Global Trust Bank owners want compensation

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Senior officials from the now defunct Global Trust Bank(GTB) that was closed by the central bank have demanded compensation for the losses...

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