Music news
BOU Issues Guidelines For Liquidated EFC Customers To Withdraw Deposits Above Ugx 10M
The Bank of Uganda (BOU) has released the requirements for refunding all depositors of EFC Uganda Limited that are above Ugx 10m. In a BOU statement released on Monday, February 5, 2024, Kenneth Egesa, the Director of Communications at the BOU, noted that under sections 111A and 111C (5) of the Financial Institutions Act 2004…
BoU Confirms: Former Treasury Boss ‘Kasedde’ Was Arrested Over Theft
The Central Bank has confirmed that Dr. Charles Kasedde a former head of treasury at Bank of Uganda Mbale was fired due to theft. The confirmation comes a day after our Story reporting of how Kasedde was arrested and is being probed by the Directorate of Criminal Investigation and Crime Intelligence (CID) Kireka. As noted…
BoU Boss Admits Not Having Key Crane Bank Documents
The Executive Director Supervision at Bank of Uganda (BoU), Dr. Tumubweinee Twinemanzi has shockingly revealed that he doesn’t have some key documents on Crane Bank Ltd (in receivership). He made the shocking revelation during the October 28, 2020 meeting to discuss BoU’s strategy on Crane Bank. The meeting was chaired by BoU Deputy Governor, Michael …
Borrower Gives Up On Fight For Simbamanyo House, Withdraws Case From Court
City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…