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…
How did Dr. Louis Kasekende, a man who was well on track to become a Governor end up spending the last 3 years of his 33-year career making headlines for all the wrong reasons? Law No. 1 of 48 laws of power: Never outshine the master! Make your masters appear more brilliant than they are and…
Prof. Emmanuel Tumusiime-Mutebile; a Ugandan economist, Central Bank Governor has passed on. We’ve learnt that Mutebile died in the wee hours on Sunday at Nairobi Hospital where he was battling life for a long time. Mutebile was until his death a Ugandan economist and banker. He has been the governor of the Bank of Uganda,…
The Parliament of Uganda through Igara East Member of Parliament, Hon Michael Mawanda is working on a, ‘Constitution (Amendment) Bill, that seeks to, among others, remove the Governor and Deputy Governor of Bank of Uganda from being Chairperson and Vice Chairperson respectively of the Central Bank. According to Hon. Mawanda, the decision making authority is…
Bank of Uganda (BoU) lawyers led by Margaret K Kasule have implored their boss, the governor, Prof. Emmanuel Mutebile to personally reach out to the Attorney General William Byaruhanga asking him to urgently constitute a team of excellent government lawyers to join them in arguing and prosecuting their anti-Sudhir Ruparelia appeal case in the Supreme…
On November 9, Bank of Uganda (BoU) announced that it had commenced Crane Bank’s liquidation in a notice signed by Profesor Emanuel Mutebile the Central Bank’s Governor. “Bank of Uganda (BoU) took over management of Crane Bank Ltd (CBL) on October 20, 2016 and subsequently progressed it into receivership on January 24, 2017. In exercise…
The Supreme Court has dismissed with heavy Costs Bank of Uganda’s (BoU) case in which Crane Bank Limited (CBL) (in receivership) filed an application against Sudhir and URSB seeking for an interim order preventing the businessman from claiming, taking control, repossessing or in any way interfering with the management of CLB or of its receiver…
The Kampala Associated Advocates (KAA) five man team representing and Defending City Businessman Dr. Sudhir Ruparelia in the USD106 million suit against Bank Of Uganda (BoU) has dismissed an “inaccurate and false,” the contents of the media statement made by BoU regarding it’s intended appeal against their two-time loss to Dr. Sudhir most recently in…
