Documents leak in Bagyenda, Mutebile fight Kampala, Uganda |HAGGAI MATSIKO | An unprecedented revolt which happened recently at Bank of Uganda against the Governor Tumusiime Mutebile, has led to a spilling of the central bank’s darkest secrets and could potentially damage its reputation and hurt the economy. At its centre …
Read More »IN THE INDEPENDENT: Dirty secrets of 200bn Crane Bank sale exposed
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 …
Read More »The Shs700bn loan saga and calls to censure Kasaija
The politics behind calls to censure Kasaija, fire Muhakanizi Kampala, Uganda | HAGGAI MATSIKO | Recently, according to State House sources, President Yoweri Museveni was on phone with Secretary to the Treasury, Keith Muhakanizi. He sounded to be in no mood for pleasantries. “I am tired of this,” the president …
Read More »BoU moves to trigger reduction in lending rates
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 …
Read More »Launch of the Mutebile centre
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 …
Read More »Kasekende, Bagyenda, Mutebile fight isn’t helpful
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 …
Read More »THE INDEPENDENT: Why BOU bosses’ fight isn’t helpful
COVER Saving Bank of Uganda: Why Kasekende, Bagyenda, Mutebile fight isn’t helpful THE LAST WORD Why our nations remain poor: African elites are victims of their own delusions about distorted history of developed countries. POLITICS Justice Kasule’s decent proposal on elections: Why not have regional Supreme Court to decide petitions? …
Read More »Financial inclusion optimism
What the 2017 –2022 government strategy means to Uganda Kampala, Uganda | ISAAC KHISA | Uganda’s central bank in partnership with the Ministry of Finance, Planning and Economic Development has unveiled a five-year financial inclusion strategy to enable more individuals and business access affordable financial products and services. The Uganda National …
Read More »Good news on economy
But experts wonder if economy can survive local and regional political turmoil Kampala, Uganda | JULIUS BUSINGE | There is some good news for Uganda’s economy finally. The Central Bank’s latest annual report shows a sharper GDP growth in 2016/17 than had earlier been estimated. The FY2016/2017 growth figures released on …
Read More »Has Museveni become Uganda’s problem?
Experts reveal sectors suffering because of President Kampala, Uganda | HAGGAI MATSIKO | Once celebrated at home and abroad as one of a new breed of African leaders, President Yoweri Museveni now finds himself the subject of intense criticism. Observers say he faces challenges created by lack of new …
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