THE LAST WORD: How institutional independence allowed the central bank to indulge in gross mismanagement and incompetence THE LAST WORD | ANDREW M. MWENDA | Last week was the most shameful for Bank of Uganda. During hearings before the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) it …
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IGG accused, Mutebile, Kasekende under fire Kampala, Uganda | HAGGAI MATSIKO | Details of a draft report prepared by the Inspector General of Government (IGG) into the controversial February 2018 staff changes at Bank of Uganda (BoU) have leaked and sparks are already flying. The leakage occurred partly because some …
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Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY Museveni’s BoU probe details leak: IGG accused, Mutebile, Kasekende under fire THE LAST WORD URA’s unnecessary headquarters: Why government of Uganda’s approach of owning buildings to save on rent is economically unproductive MOTORING Stolen …
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Kampala, Uganda | THE INDEPENDENT | The Governor of Uganda’s Central Bank Emmanuel Tumusiime Mutebile has insisted that he was right to close seven commercial banks between 1993 and 2017. Mutebile made the remarks on Thursday as he gave his closing remarks on the ongoing probe by parliament’s Committee on Commission’s …
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Kampala, Uganda | THE INDEPENDENT | The Central Bank Governor Emmanuel Tumusiime Mutebile has said that they will review the Bank’s policy on conflict of interest. Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) is currently investigating circumstances under which the Central Bank closed and sold seven commercial banks …
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The Bank of Uganda has maintained the benchmark central bank rate at 10 percent. Kampala, Uganda | THE INDEPENDENT | Governor BoU Emmanuel Tumusiime Mutebile says that the 12-month inflation forecast has improved slightly relative to October 2018 forecast. The Consumer Price Index data by Uganda Bureau of Standards indicates that …
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The danger of hunters of personal gain forcing an indecisive executive to dance to their tune in the legislative gallery COMMENT | Joseph Were | For some smart minds, the parliament probe into Bank of Uganda’s sale of seven commercial banks over 23-years from 1993 is the peak of absurdity. That …
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Museveni meets Mutebile Behind the scenes efforts to save Kasekende, Mutebile Kampala, Uganda | HAGGAI MATSIKO | What would you say if you saw President Yoweri Museveni and embattled Bank of Uganda Governor Tumusiime Mutebile in a meeting at this time? What if that meeting, which in fact happened last week, …
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BOU: Leaked documents raise concerns about the central bank Kampala, Uganda | HAGGAI MATSIKO | Fear of heads rolling at BoU has intensified ever since it was confirmed that the Inspector General of Government (IGG) was looking into the accounts of top officials of the central bank, including the Governor Tumusiime …
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Focus on tourism, ICT, horticulture, incentives to create jobs, grow economy Kampala, Uganda | JULIUS BUSINGE | Tourism, agriculture, Information and Communication Technology, horticulture, transit trade and logistics are key sectors that countries yearning for development should focus on. This was the take away from the just concluded 4th Governor Mutebile’s …
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The Independent Uganda: You get the Truth we Pay the Price