Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have today directed Bank of Uganda (BOU) to withdraw the vehicle and security they have been providing to their former Director Bank Supervision, Justine Bagyenda. For some months now Bagyenda who retired in July 2018 has been appearing before the Parliamentary Committee …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has called for the unedited version of the CCTV footage showing a security breach, through which important documents were sneaked out of the Central Bank. The documents were reportedly taken out of the bank premises …

Kampala, Uganda | THE INDEPENDENT | The former Central Bank Executive Director in charge of Supervision Justine Bagyenda has been accused of usurping the powers of the Legal Department, in the Crane Bank Limited saga. The accusation came after reports that Bagyenda engaged external lawyers from MMAKs Advocates to offer …

Kampala, Uganda | THE INDEPENDENT | Bugweri County Member of Parliament (MP) Abdu Katuntu has said that his team is willing to hand over the leadership of the committee on Commissions, Statutory Authorities and State Enterprises (COSASE), as soon as his successor is announced by the Speaker. He made the statement …

COSASE shouldn’t sacrifice economic stability at the altar of publicity as it could collapse the economy COMMENT | SIMON MUTUNGI | The Chairman of the parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) Abdu Katuntu (MP Bugweri County) rejected President Yoweri Museveni’s advice to hold the committee proceedings …

From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …

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 …

Kampala, Uganda | THE INDEPENDENT | Parliament has granted more time to the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to conclude the probe into closure and sale of seven Ugandan commercial banks. The two and half year term of the current committee led by Bugweri County MP Abdu …

    President will shake up central bank, insiders say Kampala, Uganda | HAGGAI MATSIKO | When the committee investigating the central bank over closed banks starts querying the process surrounding the sale of Crane Bank, one particular question will arise again: How did you zero on dfcu Bank as the …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda officials have failed to justify the absence of an evaluation report of the assets and liabilities of Crane Bank Limited before its sale to DFCU. The irregularity was queried by the Auditor General in his 2017 forensic audit report. According to the …