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Tag Archives: banks

UK banks ‘handled’ $740 mn in laundered Russian money

London, United Kingdom | AFP | Several British banks processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper said on Monday. According to documents obtained by the Organized Crime and Corruption Reporting Project, at least $20 billion was moved out of Russia between 2010 and 2014 …

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African Dev Bank promises to bring down electricity prices

The African Development Bank (AfDB) has assured President Yoweri Museveni that they are planning several interventions that will bring down the electricity tariffs in Uganda. AfDB president Akinwumi Adesina gave the assurances after Museveni expressed concern over the high cost of electricity, which he says is not coming down until an AfDB bank …

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VIDEO: Bank of Uganda reduces Central Bank Rate to 13%

VIDEO: Bank of Uganda governor Prof Emmanuel Mutebile has announced a 1 percentage point reduction in the CBR to 13% from 14% in the month of August as BOU continues to lower the Central Borrowing Rate with the hope of supporting domestic economic growth especially amidst the ongoing global economic slowdown. According to …

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Bwebajja J & M Hotel auction date set

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

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