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BoU Issues Guidelines On Covid-19 Crisis, Warns Banks Against Levying Extra Fees
The Bank of Uganda (BoU) has warned financial institutions against levying extra charges or fees when restructuring loans for borrowers as the country grapples with the coronavirus pandemic. In the guidelines issued by the acting Deputy Governor, Dr Adam Mugume, on Tuesday, April 14, the banks must also desist from demanding that some borrowers clear…
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 …