Reforms before recapitalisation: 4 reasons why MPs should not allow the recapitalisation of BoU yet
Former BoU Executive Director, supervision Mrs Justine Bagyenda (left) and Deputy Governor, Louis Kasekende. The duo were severally named by COSASE for their role in the bandle closure and sale of seven (7) commercial banks
Only a
fool does things the same way but expects different results.
There’s been a raging debate
in parliament and in the media regarding the recapitalisation of Bank of Uganda.
According to Ministry of
Finance requests to parliament, BoU is in need of at least UGX474 billion for
recapitalisation, which according to BoU officials and Keith Muhakanizi, the
Finance Ministry Permanent Secret