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Tag Archives: UCB

Museveni regrets sale of UCB as experts hail Mutebile legacy

Kampala, Uganda | THE INDEPENDENT |President Yoweri Kaguta Museveni has hailed the brilliance of the late Bank of Uganda Governor, Emmanuel Tumusiime Mutebile despite making him commit some mistakes. President Museveni said that in determining the best way forward to revive the fortunes of the economy in the early years …

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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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Greenland bank shareholders demand accountability of assets

Kampala, Uganda | THE INDEPENDENT | A section of former shareholders of Greenland Bank have demanded that the Central Bank accounts for the entire period the institution has been under liquidation. The bank was in 1999 put under liquidation by the Central Bank which could later on 5th December 1998 take …

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