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Tag Archives: BOU

Detailed account in the BOU currency saga

Kampala, Uganda | THE INDEPENDENT | As Ugandans continue to digest what could have happened with the Bank of Uganda currency printing recently, a few details are trickling in. An official at the central bank says what alarmed the central bank is the extra cargo aboard the chartered plane that …

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BOU and CAA officials detained

Kampala, Uganda | THE INDEPENDENT | Several officials from the Bank of Uganda and the Civil Aviation Authority are being questioned following an anomaly with a consignment belonging to the central bank. In a statement this afternoon, signed by the Governor Emmanuel Mutebile, The Central Bank didn’t mention the officials but …

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State House Anti-Corruption unit confirms raid on BOU

Kampala, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit has confirmed they grilling several Bank of Uganda officials in relation to an investigation of a dubious recent procurement. Media in Kampala are reporting the investigation is about a recent procurement of new currency notes. Reports indicate there was extra …

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BoU: Irregular procurement will not happen again

Kampala, Uganda | THE INDEPENDENT | The management of Bank of Uganda has today told the Committee on Commissions Statutory Authorities and State Enterprises (COSASE) in Parliament that they will not have irregular procurement. Bank of Uganda (BoU) has said they have learnt from the irregular procurements for the Joseph …

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MPs summon Muhakanizi over BoU audit queries

Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises- COSASE have summoned Keith Muhakanizi, the Treasury Secretary to explain audit queries raised by the Auditor General against Bank of Uganda (BoU). COSASE Chairperson, Mubarak Munyagwa issued the summons on this afternoon following a …

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Parliament slashes BOU capitalization fund

Kampala, Uganda | THE INDEPENDENT | Parliament has rejected a proposal by the government to allocate sh484.2 billion to recapitalize the Bank of Uganda (BOU) , reducing it to sh200 billion. The changes were made on Friday as Parliament adopted the report by parliament’s Finance Committee on the Finance Sector …

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BOU: Post Bank remains sound despite probe

Kampala, Uganda | THE INDEPENDENT | The Central Bank has allayed fears that the ongoing investigations into the activities of Post Bank Uganda Limited could be unfavourable for customers and clients. A statement issued this evening by the Central Bank indicates that The Bank of Uganda is working very closely …

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Gov’t to capitalize BoU, UDB

Kampala, Uganda | THE INDEPENDENT | Government has allocated 627 Billion Shillings to capitalize seven banks. The banks include Uganda Development Bank (UDB) with 103 billion, Housing Finance Bank 30 billion, Post Bank 4.7 billion, International Development Bank 2 billion, Trade Development Bank 2.5 billion and Africa Development Bank (ADB) …

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