Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
Recent: |
|
Past: |
|
Ms Kadaga announced that the Select Committee will be chaired by the Kyankwanzi Woman MP Anne Maria Nankabirwa → Read More
Other MPs want the report be referred to the IGG for further investigations → Read More
The banks include Teefe Trust Bank, International Credit Bank, Cooperative Bank, Greenland Bank, Global Trust Bank Uganda, National Bank of Commerce and Crane Bank Limited → Read More
MPs familiar with the process that led to cancellation of the reappointment of NRM’s choice of commissioners say bad blood has been brewing between some commissioners and Speaker Kadaga over → Read More
The Finance minister says Bank of Uganda should have pulled all the stops to ensure that the affected banks remain in business → Read More
The report will also shed light on Crane Bank assets that its shareholders have told the Committee that they were worth Shs1.2t in 2015, two years before it was sold → Read More
They say holding the Bad Book offends provisions of the Financial Institutions Act. A Bad Book is where a bank’s loans are registered → Read More
The parliament’s Committee on Commissions, Statutory Authorities and State Enterprises is investigating alleged irregularities by Bank of Uganda in the closure of seven commercial banks → Read More
It is alleged that Ms Bagyenda closed their bank even after they had raised the Shs7b the Central Bank had set as the requirement for capitalisation. → Read More
Meanwhile, Speaker Rebecca Kadaga has ruled that the committee has up to February 22 to complete investigations, table a report and handover to incoming chairperson Mubarak Muyangwa → Read More
The only silver lining for the Opposition under the Bill is a proposal to create a new office of Deputy Leader of Opposition → Read More
The law firms include MMAKS, Bowman’s Uganda, Cohen and Collins Solicitors and Notaries and Sebalu & Lule Advocate → Read More
The money was meant to help stablise Crane Bank and ensure that its problems did not mess up the economy → Read More
Some of the other land titles, Mr Kasekende protested, are owned by members of his family → Read More
“One of them is that the land belongs to absentee owners who ran away from cattle rustlers and they have already petitioned the IGG and are also in court" → Read More
BoU failed to explain how the assets and liabilities that were transferred from Crane Bank to dfcu Bank were calculated and if the method used was in line with the law → Read More
Tensions were only defused after the committee retired into a closed-door meeting and resolved to allow Mr Otto table his documents but not to divulge details about the properties → Read More
The President admitted that he has had “problems” with BoU, which he declined to divulge → Read More
Governor Mutebile’s position that he did not have figures regarding Crane Bank’s undercapitalisation was contradicted by Mr Benedict Ssekabira, the Director Financial Markets Coordination → Read More
Mr Benedict Ssekabira, BoU’s Director for Financial Markets Coordination, said the central bank took the decision to close NBC in 2012 on grounds that it lacked enough capital to keep afloat → Read More