Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU) Officials have been tasked to explain external lawyers were paid in a foreign currency despite filing invoices in Uganda shillings. The lawyers from MMAKS Advocates were paid $230,000, which translated into sh759 million at the 2017 exchange rate, for services …
Read More »BOU: Lawyers of MMAKS Advocates quizzed on conflict of interest
Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac …
Read More »ANALYSIS: Sudhir, BoU fallout
Sudhir, BoU fallout: An inside account of the politics behind the tycoon’s troubles Kampala, Uganda | HAGGAI MATSIKO | On July 6, President Yoweri Museveni chaired a meeting at which tycoon Sudhir Ruparelia and officials from Bank of Uganda (BoU) sought to resolve a crisis resulting from the takeover of Crane …
Read More »