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Just of recent during the general business meeting, the Bank of Uganda (B0U) finally appointed Dr. Adam Mugume as the official Ag. Deputy Governor replacing Luis Kasekende, who resigned 3 months ago.
During the Board meeting yesterday on the 27th of March, Doctor Adam Mugume who was the former Executive Director of Research in Bank of Uganda, was chosen to execute the office of the Deputy Governor until a substantive Deputy Governor is appointed to take over the main duties.
Dr. Mugume’s replacement is considered with immediate effect and was further requested to cooperate with the rightful terms and conditions to sustain his position. Louis Kasekende left the central bank immediately when his contract expired in January this very year.
Bank of Uganda has been interchanging it’s employees every year and most of them work through contracts. The professional Doctor and a business personnel alias Adam was appointed because of his potential and capability for that position in the Bank.
Check also;
- Here’s Why Bank Of Uganda Spent Shs 357,000 At Each Pen
- Ugandan Gov’t Signs Hosting Agreement And MOU With AFREXIM Bank
- Barclays Bank Uganda Posts 13% Growth In Profits In 2018
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
