The government through the ministry of finance is working out a plan to start taxing cash withdrawals from commercial banks, Newslexpoint.com has learned. A letter dated February 9, 2021, by Patrick Ocailap, the deputy secretary to the treasury in the Ministry of Finance has written to the Governor, Bank of Uganda seeking an opinion and data not later than Friday, ...
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In the events of the court case between Ham Enterprises and Diamond Trust Bank, here is a quick summary of how everything started, to the last moment of judgement. 1. Ham borrows U$50M and UGX 100B. 2. DTB-Uganda books the facilities in DTB-Kenya books, like many Ugandan banks do because of their limited capital abilities. 3. Ham goes ahead and ...
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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 ...
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Some Ugandan MPs have asked the government to immediately suspend all the officials at Bank of Uganda who are reportedly said to have involved in the current scandal. Check also: DFCU Bank In Hot Soup Over Sharing Client’s Confidential Information Publicly According to the MPs, they also want the government to temporarily recruit an international audit firm to do scientific techniques ...
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They must have been some special kind of pens that cost the country’s central bank with each pen going for Shs357,000. Check also: This Is Where Ugandan Government Should Focus In 2017/2018 Budget Some Bank of Uganda officials are in the spotlight over a controversial procurement of commemorative pens in 2016 for the bank’s 50th anniversary celebrations. According to documents quoted ...
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