THE LAST WORD | ANDREW M MWENDA | At exactly 5.30am on Sunday morning January 23rd 2022, the governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, breathed his last in a Nairobi hospital. He had been battling illness for several years. While Mutebile’s body has died, his deeds will continue …
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Kampala, Uganda | THE INDEPENDENT | At least 400 former employees of Crane Bank Limited have petitioned the High Court in Kampala seeking orders to compel DFCU Bank to produce documents that were allegedly withheld by the bank after their dismissal. The group was employed by Crane Bank Limited until …
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Kampala, Uganda | THE INDEPENDENT | Prof. Emmanuel Tumusiime Mutebile on Friday stealthily made his way into Parliament’s vetting committee to defend his re-appointment as Governor of the Central Bank, with security personnel ensuring that media and the public did not catch a glimpse of him. The ailing 71-year-old economist has been …
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Kampala, Uganda | THE INDEPENDENT | Ugandans are expected to hold onto their money for longer compared to pre-coronavirus days as many suspend spending due to insecurity of what the future holds, Bank of Uganda has said. BOU Governor Emmanuel Tumusiime-Mutebile said on Monday that many consumers are expected to be …
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Kampala, Uganda | THE INDEPENDENT | Banking institutions in May restructured loans worth Shillings 2.5trillion as more businesses and individuals applied to have their loan repayments halted due to disruptions by corona virus-COVID-19. This is more than the Shillings 2 trillion that were restructured in April 2020. Wilbrod Owor, the Executive …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, …
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Kampala, Uganda | THE INDEPENDENT | The Central Bank Governor, Prof. Emmanuel Tumusiime Mutebile is expected to appear before the Budget Committee of parliament today to explain their persistent requests for recapitalisation. The central bank has been pushing for recapitalisation for the past three financial years. According to the 202/2021 financial year …
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Kampala, Uganda | THE INDEPENDENT | The Governor Bank of Uganda – BoU Professor Emmanuel Tumusiime-Mutebile has warned commercial banks against charging high-interest rates to loan applicants. Professor Mutebile made the remarks on Thursday during a meeting with residents of the Rwenzori region at Kalya Courts in Fort Portal. A …
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Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac Walukagga. …
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Kampala, Uganda | HAGGAI MATSIKO | On Aug.3, at exactly 8:45am, Central Bank Governor, Emmanuel Tumusiime Mutebile arrived at the Finance Ministry, where he had been summoned for a meeting at exactly 9:00am. Finance Minister, Matia Kasaija, had asked him to come and explain why his team had criticized the mobile …
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The Independent Uganda: You get the Truth we Pay the Price