Details of Museveni meeting Blow-by-blow account of fight wrecking central Bank Kampala, Uganda | HAGGAI MATSIKO | Emmanuel Tumusiime Mutebile, 69, the Governor and his Deputy, Louis Kasekende, 59, have until recently been seen as major pillars of Bank of Uganda (BoU). One has been credited for building the foundations …
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THIS WEEK: IGG interrogates BOU’s Bagyenda over finances Kampala, Uganda | THE INDEPENDENT | Justine Bagyenda, the former Executive Director in charge of supervision at Bank of Uganda came on the spot recently when bank statements showing that she has more than Shs15billion in various banks leaked to the media. Last …
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Kampala, Uganda | THE INDEPENDENT | Here are the top stories and analysis on Uganda and Africa in this week’s The Independent. COVER STORY Mutebile versus Kasekende: Details of Museveni meeting THE LAST WORD On Museveni’s Umeme missive: Why the president is misinformed about electricity distribution market and tariffs ANALYSIS BOU: Blow-by-blow …
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Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent. COVER STORY Exposed: Dirty secrets of 200bn Crane Bank sale; Documents leak in Bagyenda, Mutebile fight. THE LAST WORD Lesson from Jinja East by-election: Why Uganda’s opposition should take voter turnout seriously if they ever …
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Kampala, Uganda | JULIUS BUSINGE | On Feb.13, Bank of Uganda announced a cut in the Central Bank Rate by 0.5 percentage points to 9% in the next three months as a measure for boosting private sector credit uptake and economic activities. The Governor, Emmanuel Tumusiime Mutebile, said the decline in …
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BoU, UEDCL and Mandela National Stadium listed amongst those in red Kampala, Uganda | JULIUS BUSINGE | Uganda’s state-owned enterprises seem to be bleeding. The latest Auditor General’s report shows that five out of the 29 state owned enteprises recorded losses in the recent two consecutive years. They include; Bank of …
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Longest-serving central bank boss feted at inaugural lecture Kampala, Uganda | IAN KATUSIIME | The launch on Jan.11 of the Tumusiime Mutebile Centre of Excellence was the perfect moment to fete the long-serving governor of the central bank. At the helm since 2001, Mutebile is the longest serving governor the …
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The new banking model is expected to deepen financial inclusion Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks have started rolling out agent banking following Kenya and Rwanda’s footsteps in an effort to grow deposits and customer base. This follows the coming into force of the Financial Institutions Act …
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Low private sector lending, decline in interest rates to take toll on the bank’s profitability for the year ending Dec 2017 Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks seem to be laying down new strategies as the industry anticipates to record subdued earnings in 2016 owed to low private …
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Saving Bank of Uganda: Why Kasekende, Bagyenda, Mutebile fight isn’t helpful Kampala, Uganda | HAGGAI MATSIKO | Bank of Uganda (BoU) is under fire as its top managers; Governor Tumusiime Mutebile, the Deputy Governor Louis Kasekende, and the Director Supervision Justine Bagyenda, fight each other amidst accusations of incompetence and abuse …
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The Independent Uganda: You get the Truth we Pay the Price