Daily Archives: September 4, 2022

Inside Story: How Controversial Sale Of Crane Bank To Struggling Dfcu Will Go Down In Uganda’s History As The Most Fraudulent Transaction By BoU

In July businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four years.…

Victoria University Calls For Government Funding, Introduces New Study Programs

Victoria University Chancellor, Prof. John Opuda-Asibo has implored the central government to heed to financial aid requests made by the institution. Prof. Opuda-Asibo made this crucial plea yesterday, while addressing a congregation of graduands, their parents, invited dignitaries and other stakeholders, during the university’s 6th graduation ceremony held at Commonwealth Speke Resort, Munyonyo. He revealed…