Government has listed priority areas to energise the economy in financial year 2020/2021 against the backdrop of widening trade deficits and local revenue gaps. In its report on the Budget Framework Paper presented by the Committee on Budget, MPs warned of a growing trade deficit. The report blames the decline on trade wars with Kenya…
If on Monday you meet some agents working on behalf of a Kampala Road troubled Dfcu Bank, looking for small office space to rent to run their errands, wonder not. Because the hunt is on… and they say when you see monkeys running out of a forest, you will only be a wiseacre to enter…
Parliament has paid tribute to Amina Hersi Morghe, a Kenyan business woman who has invested heavily in Uganda. The parliamentary mention follows her recent receipt of an award, ‘Entrepreneur of the Year Africa 2019’ by European CEO Magazine. Parliament praised Hersi referring to her as a true East African, not only for winning the award…
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 led 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…
