An ongoing major restructuring at the Bank of Uganda (BoU) has sparked unease, with some insiders claiming position merger and demotion recommendations appear targeted to purge loyalists of former Governor Tumusiime Mutebile. The Central Bank’s spokesperson, Ms Charity Mugumya, withheld comments on the exercise that she said was still “ongoing”. “Communication will be made to…
The Bank of Uganda (BoU) has granted an operating licence to I&M Bank (U) Ltd to begin operating in Uganda after changing its name from Orient Bank. The Nairobi-based financial Group announced that the rebrand comes after the I&M Group’s successful acquisition of a 90 per cent shareholding in Uganda’s Orient Bank Ltd on April,…
Former Bank of Uganda deputy governor Dr . Louis Kasekende, whose tenure was mired with gross abuse of office and allegations of corruption, might have been kicked out of the Central Bank but credible sources within reveal that he still has there Moles. One of Kasekende’s top Moles at BoU, according to our sources in…
Dr. Atingi-Ego has assumed his role as the Deputy Governor, Bank of Uganda on August 03, 2020 following his appointment by His Excellency Yoweri Kaguta Museveni on 23 April, 2020. He replaces Dr. Louis Kasekende, whose contract expired in January and wasn’t renewed. Dr. Atingi-Ego is a seasoned Economist who has served in several capacities…
The President of Uganda Yoweri Kaguta Museveni has appointed Dr. Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda (BoU). Mr Museveni, announced the appointment in a Sunday March 29, 2020 tweet, a day after the Central Bank board of directors unanimously picked the Director of Research at Bank of Uganda, Dr Adam Mugume,…
