The embattled dfcu bank has come out to dismiss claims that it has commenced closure of 22 branches countrywide which it has termed as fake news. On Sunday, the bank…
Ms Georgieva, who was previously chief executive of the World Bank, becomes the first person from an emerging economy to lead the IMF. She will succeed Christine Lagarde, who is…
The Uganda shilling strengthened, establishing a new support level of 3650, market activity was underpinned by low appetite for forex from commercial banks and importers. The unit was also supported…
Ruparelia Group founder and Chairman Dr. Sudhir Ruparelia has said he is ready to legally pursue Bank of Uganda and make them pay for illegally taking over his bank, till…
The government has increased bank deposit insurance limit from the current Shs. 3million to Shs.10million. This is the amount of money that is put aside to cater for misfortunes like…
There is a proverb from western Uganda that goes “Obu entaama yaangye ebuzire, nibwo embwa yaawe eneire ebyoya?” translated to mean “how could it be that the very time my…
Currency management in every central bank is one of the most protected functions, for obvious reasons- it is the Holy Grail. It is for this reason that Bank of Uganda…
The idiom “throwing good money after bad money” refers to spending more money on something problematic that one has already spent money on, in the (presumably futile) hopes of fixing…
This week, scandal-riddled Bank of Uganda and particularly the currency department as well as the Mbale currency centre are back in the negative limelight. In the same week the Central…
“Everyone who has played a part in the fraudulent activities is going to pay for it – we are not going easy. That includes dfcu that is fraudulently occupying Meera…
