By Omongole Richard (Farmer) Uganda’s post coronavirus economic failings are going to come from the IMF/World Bank supervised theoretical economist at Bank of Uganda. You borrow $ 491.5 million, then $151m will go to budget support and UDB . A whole $340m just for bank of Uganda to stabilize the exchange rate! Textbook economics based…
The Directorate of Criminal Investigation and Crime Intelligence (CID) has launched an extensive investigation into the disposal of old bank notes at the Bank of Uganda (BoU). Although it’s a practice to discard old bank notes at Bank of Uganda, the CID has picked interest in Investigating some officials in charge of this activity after…
Sheema District Woman Member Of Parliament Hon Jacklet Atuhaire Rwabukurukuru has returned back Shs 20m given to each legislator to engage the fight against Coronavirus. Jacklet who distanced herself from the Money since it was first declared has announced that she has returned her share because she believes it was wrongly appropriated. In a post…
The Bank Of Uganda has fired over Seven directors in an ongoing investigation which established that some of them were involved in fraud, mismanagement of office, and embezzlement of funds with the Ex -Deputy Governor Dr. Louis Kasekende and Ex Executive Director of Operations Justine Bagyenda. In an internal memo linked to this website, we’ve…
Bank Of Uganda and Finance Ministry have defied High Court orders blocking Parliamentary Commission from releasing the Shs 10bn to MPs until the hearing of the application challenging such. Reliable sources have confirmed to this website that a section of members of parliament have already secretly received Shs 20m covid-19 bonanza on their accounts. “Let…
As a way of mitigating the disastrous effects of the Coronavirus (COVID-19) lockdown on the economy and several business ventures, the Bank of Uganda has directed all commercial banks and supervised financial institutions to suspend repayment of loans for 12 months. The Central Bank announced credit relief measures to help mitigate the adverse effects of…
In a way of emphasis on bank loans, President Yoweri Museveni has said banks must not count days when people have not been working to service active loans. Millions of Ugandans in both the formal and informal sectors are currently not working as a result of the government’s measures to control the spread of coronavirus-COVID-19.…
Bank of Uganda (BoU) Governor Prof. Emmanuel Tumusiime Mutebile has been discharged from Nakasero Hospital. Prof. Mutebile was admitted to Nakasero weeks ago amid deteriorating health condition but according to fresh reports, the 71 year old strong Governor is currently eating Matooke in peace at his Kololo residence. “The Governor is okay, his body is…
The Governor Bank of Uganda, Prof. Emmanuel Tumusiime Mutebile has been diagnosed at Nakasero Hospital, Kampala with an arterial blood clot. A close family source revealed that the longest-serving BoU Governor was supposed to be airlifted to the United Kingdom for specialized medical treatment but due to coronavirus pandemic, he decided to have his medical…
As the saying ‘It ain’t over till it’s over’, well, you can’t argue with that. Former Bank Of Uganda (BoU) Deputy Governor Dr. Louis Kasekende is having sleepless nights after learning that his Ex bodyguard revealed a detailed information about his dealings to the Inspectorate of Government. This comes at a time when the president of Uganda Gen…
