Meet The Blatant Central Bank That Lost $545 Million, Vexing Lawmakers
The Bank of Uganda (BoU) has been making losses for most of the past 15 years and lawmakers in East Africa’s third-biggest economy are getting anxious about its ability to execute its mandate. BoU lost a total 2 trillion shillings ($545 million) during the period and only turned in a profit in 2007, when it…