Commonwealth Development Corporation (CDC) Group, the United Kingdom’s development finance institution recently announced its decision to sell its remaining 9.97% stake in the troubled dfcu bank. The shareholding was sold to IFU, the Danish development finance institution. CDC made its first investment in DFCU in 1964 as a founding partner to the bank and has…
Bitter and shocking revelations are still striking and ashaming the Image of the Central Bank of Uganda (BoU). Latest from credible inside sources revealed to us that Bou sold Crane Bank (CBL) and others like Global Trust Bank (GTB) without holding a board meeting and therefore, there were no minutes upon which the transactions were…
It’s been a shocking morning in Uganda when a high profiled World Bank chief Anne Namara Kabagambe, took on her social media Twitter handle and uttered inner most hurting racist comments onto Mogul, and Uganda’s Tycoon Dr. Sudhir Rupaleria. Ms Kabagambe a Rwandan, who is currently the World Bank board director supervising 22 countries in…
The State House Anti-Corruption Unit let by Lt. Col. Edith Nakalema has resumed fresh investigations on how Bank Of Uganda under the reign of a former Deputy Governor Dr. Louis Kasekende allegedly swindled over Shs478 billion and among others, how old currency supposed to be destroyed was smuggled out by BoU officials who again returned…
Kampala: The Former Bank of Uganda deputy Governor Dr. Louis Kasekende has finally tailed down and bid farewell to the central bank staff after his contract expiry. In his letter, Dr Kasekende expressed his gratitude to staff and to the appointing authority for according him the enabling environment to serve the central bank for all…
Lawyers, Robert Kirunda the founding partner at Kirunda & Wasike Advocates and Andrew Kasirye of Kasirye, Byaruhanga & Co Advocates were recently trashed out of statehouse as they were silently fixing a plot for Dr. Louis Kasekende to meet President Yoweri Museveni. Kasekende’s contract as Deputy Governor at Bank of Uganda (BoU) expired on January…
Doris Akol, the Uganda Revenue Authority (URA) Commissioner General ,Doris Akol has asked government to amend the law that is governing collection of Over-the-top’ tax commonly known as OTT inorder to reduce the high rates of evasion. Madam Akol made this presentation at Parliament where she was meeting legislators on the Parliamentary Committee on Finance…
Kampala: As the old adage, there is no smoke without fire can be interpreted to mean that every rumour or talk has a source. This saying can be applied to the former troubled Bank of Uganda deputy governor, Dr Louis Kasekende whose name had become a ‘season in season out’ fixture on the table of…
Dr. Louis Kasekende has finally handed over Office as the Deputy Governor Bank of Uganda. The secret handover ceremony happened on Monday afternoon January, 13, 2019 at Bank of Uganda where no Journalists were allowed. Dr. Kasekende, who started working at the Bank of Uganda in 1986, was highly expected to replace the governor Emmanuel…
As the days for Bank of Uganda Deputy Governor Dr. Louis Kasekende come to an end, shocking facts continue to emerge on how he’s been hungry and greedy yearning to meet president Yoweri Museveni the renewal of his contract ending on January 13, 2020. Latest and Shocking facts intimate that Dr. Kasekende had reached an…
