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Tag Archives: Tumusiime Mutebile

Finance Committee approves BoU recapitalization request

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament has approved a request to recapitalize Bank of Uganda with Shillings 481 billion in the 2020/2021 financial year. This is part of the recommendations in the Committee report on the National Budget Framework Paper on votes in the finance …

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COSASE summons Mutebile

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, has summoned the Central Bank Governor, Prof. Emmanuel  Tumusiime Mutebile. Mutebile is supposed to respond to petitions related to closure of commercial banks next week on Thursday. The Constitution gives Parliamentary committees’ quasi powers of …

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BoU forecasts inflation upsurge ahead of general elections

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has forecast a likely rise in prices of goods and services in the months towards the general elections. According to BoU Governor Emmanuel Tumusiime-Mutebile, core inflation, which measures the increases in prices of goods and services less electricity, food and water, will peak …

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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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I feel vindicated over UCB sale – Professor Suruma

Kampala, Uganda | THE INDEPENDENT | Professor, Ezra Suruma, says he feels vindicated now that cabinet is considering the revival Uganda Commercial Bank (UCB). Suruma, the Makerere University Chancellor was one of the few government officials that had tried to resist the World Bank/ International Monetary Fund call for privatization of …

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