Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …
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THIS WEEK: Doubts over mediation in Sudhir- BOU case Kampala, Uganda | THE INDEPENDENT | More than two weeks after the Commercial Court advised businessman Sudhir Ruparelia and Bank of Uganda (BoU) to seek an out of court settlement, neither side is yet to make a gesture on the issue. …
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Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …
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Court advises Sudhir and BOU to talk or one of them risks losing the battle Kampala, Uganda | GODFREY SSALI | Head of the Commercial Court Judge David Wangutusi has advised Bank of Uganda (BOU) and businessman Sudhir Ruparelia to explore an amicable settlement of their differences or else one of them will be …
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Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda (BOU) Deputy Governor Louis Kasekende has advised accountants in Uganda to borrow and adapt international standards in their bid to positively contribute to nation building. “They must look at international standards that are released by their international body and…then adapt them to Uganda,” Kasekende said, …
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The economic rescue initiatives can only succeed without political interference Kampala, Uganda | ISAAC KHISA | How can central banks in the East African Community boost private sector credit that has since last year slowed down? That was one of the issues that the Central Bank Governors in the region …
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Sudhir, BoU fallout: An inside account of the politics behind the tycoon’s troubles Kampala, Uganda | HAGGAI MATSIKO | On July 6, President Yoweri Museveni chaired a meeting at which tycoon Sudhir Ruparelia and officials from Bank of Uganda (BoU) sought to resolve a crisis resulting from the takeover of Crane …
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In The Independent: Details of the Sudhir, BoU fall out THE LAST WORD Trump’s mirror to America: How the U.S. president has exposed the hypocrisy of his nation’s media and academia COVER STORY Sudhir, BoU fall out: An inside account of the politics behind the tycoon’s troubles ANALYSIS Kagame’s …
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Why Sudhir will not be jailed…..And three things everyone must know about how the powerful and wealthy look at financial crimes COMMENT | JOSEPH WERE | Bank of Uganda Governor Tumusiime Mutebile’s defense about the central bank’s perceived poor handling of the Crane Bank take-over and sale has been simple: …
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The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …
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The Independent Uganda: You get the Truth we Pay the Price
