Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises- COSASE have summoned Keith Muhakanizi, the Treasury Secretary to explain audit queries raised by the Auditor General against Bank of Uganda (BoU). COSASE Chairperson, Mubarak Munyagwa issued the summons on this afternoon following a …
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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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By Julius Businge This is the second straight month the Central Bank of Uganda is staying its policy interest rate, the central bank rate (CBR) unchanged at 12%, Governor Emmanuel Tumusiime Mutebile told a news conference in Kampala on Nov. 4. The policy rate stood at 11% in August before …
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The Independent Uganda: You get the Truth we Pay the Price