Kampala, Uganda | THE INDEPENDENT | The rationalisation of the Non-Performing Assets Recovery Trust (NPART) and Departed Asians Property Custodian Board will only be concluded after an audit, Parliament has directed. On Tuesday, April 23, 2024, Parliament debated the Non-Performing Assets Recovery Trust (Amendment) Bill, 2024 that purposes to dissolve the …
Read More »Museveni regrets sale of UCB as experts hail Mutebile legacy
Kampala, Uganda | THE INDEPENDENT |President Yoweri Kaguta Museveni has hailed the brilliance of the late Bank of Uganda Governor, Emmanuel Tumusiime Mutebile despite making him commit some mistakes. President Museveni said that in determining the best way forward to revive the fortunes of the economy in the early years …
Read More »The Museveni-Mutebile conundrum
Why their opposing views still represent the ideological contention over Uganda’s destiny THE LAST WORD | ANDREW M. MWENDA | The memorial service of deceased central bank governor, Emmanuel Tumusiime-Mutebile, provided a rare glimpse into the ideological contests that shaped the nature of the economy of present-day Uganda. President Museveni …
Read More »I feel vindicated over UCB sale – Professor Suruma
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 …
Read More »Greenland bank shareholders demand accountability of assets
Kampala, Uganda | THE INDEPENDENT | A section of former shareholders of Greenland Bank have demanded that the Central Bank accounts for the entire period the institution has been under liquidation. The bank was in 1999 put under liquidation by the Central Bank which could later on 5th December 1998 take …
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