Kampala, Uganda | GODFREY SSALI | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has asked Bank of Uganda (BOU) to submit procurement papers for its golden jubilee celebrations held in August last year for scrutiny. The central bank officials led by the deputy governor Louis Kasekende for …
Read More »2017: DFCU Bank posts Sh114 bn net profit in first 6 months
Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has posted Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017. According to a notice issued on Tuesday, top management attributed …
Read More »BoU keeps Central Bank Rate at 10% for next three months
Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …
Read More »VIDEO: Commercial Court gives Sudhir, BOU 60 days to settle case
VIDEO: Commercial Court gives Sudhir, BOU 60 days to settle case Kampala, Uganda | NTV UGANDA | The Commercial Court has given Bank of Uganda and business man Sudhir Ruparelia 60 days within which to amicably settle their differences through mediation. On Tuesday this week , the Head of the Court …
Read More »Court appoints an arbitor in BOU, Sudhir Crane Bank case
Court appoints an arbitor in BOU, Sudhir Crane Bank case Kampala, Uganda | GODFREY SSALI | The Commercial Court has appointed city advocate Harriet Magala from Kituuma -Magala and company advocates to mediate in the case between Bank of Uganda and tycoon Sudhir Ruparelia over Crane Bank. Judiciary spokesperson also the …
Read More »Bank of Uganda denies hiding cash in Germany
BOU denies hiding cash on foreign account in Germany Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda (BOU) has dismissed as untrue reports that it has hidden Sh10.7 billion in a bank in Germany, an issue that has been widely spread on social media in the past week. In …
Read More »The secrets behind the Sudhir saga
How BoU is overseeing the biggest asset grab ever Kampala, Uganda | HAGGAI MATSIKO | On July 3, Crane Bank which is under receivership by Bank of Uganda (BoU) sued its former owner, Sudhir Ruparelia, and a company called Meera Investments Ltd also owned by Sudhir in what might turn …
Read More »THE LAST WORD: BOU’s war with Sudhir
How the central bank’s handling of the problems of Crane Bank showed lack of imagination and strategy THE LAST WORD |Andrew M. Mwenda| I have always had high respect for Bank of Uganda (BOU) because of its management competences. Since the collapse of Uganda Commercial Bank in 1999, BOU has …
Read More »IN THE INDEPENDENT: The Sudhir-BOU Inside Story
In the Independent this week: BOU’s war with Sudhir and how the central bank’s handling of the problems of Crane Bank showed lack of imagination and strategy. COVER STORY Secrets of Sudhir saga: How BoU is overseeing the biggest asset grab ever. THE LAST WORD BOU’s war with Sudhir: How …
Read More »VIDEO: BOU Governor warns against capping of interest rates
VIDEO: BOU Governor warns against capping of interest rates Kampala, Uganda | NTV UGANDA | Bankers and Business captains attending the annual bankers conference held at the Kampala Serena conference center on Wednesday July 19, 2017, observed that digital financial services possess the silver bullet that has the potential to unlock …
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