Crane bank

Seven Years After Parliament’s Probe into Controversial Bank Closures and Two More Failures Later: Has Bank of Uganda Learnt Anything?

Muhereza KyamuteteraThe Big StoryMarch 6, 2026March 6, 2026

Seven years ago, in February 2019, Parliament launched one of the most consequential investigations ever conducted into Uganda’s financial sector. The probe by the Committee on Commissions, Statutory Authorities and…

US Insurance Giant to Exit ICEA Lion: What it Means for Uganda’s Insurance Market

Jeff WintersThe Big StoryMarch 2, 2026March 3, 2026

A major shift is underway in East Africa’s insurance sector after a US-based global financial services firm announced it will sell its entire 24.1% stake in ICEA Lion Insurance Holdings,…

dfcu’s Quiet Comeback: Profit Surges, Wounds Heal, and Strategy Crystallizes

Jeff WintersBanking & Financial ServicesJuly 15, 2025July 15, 2025

In a financial world increasingly shaped by agile Fintechs and digital-first lenders, dfcu is something of an old soul. At 60 years old, it carries the legacy—and the burden—of being…

UK Supreme Court dismisses attempts by dfcu Bank to block ￡170 million claim by shareholders of former Crane Bank

Muhereza KyamuteteraLegal & JusticeNews & AnalysisThe Big StoryJanuary 8, 2024November 1, 2024

The Supreme Court in the United Kingdom has dismissed attempts by Uganda’s dfcu Bank and its shareholders, to block a ￡170 million (UGX825.8 billion) suit brought against them by shareholders…

We will relentlessly pursue dfcu Bank and its owners in English courts⏤ Crane Bank shareholders vow after London win

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJuly 30, 2023July 30, 2023

Fresh from securing an English appellate court order that dfcu Bank, its former management and directors, must answer claims that they participated in corruption and bribery of Central Bank officials…

Youth Group petitions Museveni over ‘Tax payers’ Money Wastage’ in Court case between BoU and Sudhir

Samuel MuhimbaThe Big StoryJuly 22, 2020July 22, 2020

A group of youths under the Poor Youth Network have petitioned the President Yoweri Museveni over what they have termed as ‘excessive legal  fees payments’  in court case between the…

MOMENT OF TRUTH: Court to rule on Sudhir’s application to dismiss BoU’s UGX397bn against him on Monday, August 26

Muhereza KyamuteteraLegal & JusticeAugust 24, 2019August 24, 2019

Commercial Court’s Hon Mr. Justice David K. Wangutusi, will on Monday August 26th rule whether the case brought against city businessman and Ruparelia Group Chairman, Dr. Sudhir Ruparelia by Bank…

Bad and barred: Sudhir’s lawyers punch further holes in BoU’s case against businessman

Muhereza KyamuteteraCompany NewsLegal & JusticeThe Big StoryMay 6, 2019May 6, 2019

City Businessman and billionaire Dr Sudhir Ruparelia, has applied to the Commercial Court to dismiss a case brought against him and his real estate firm, Meera Investments Ltd by Bank…

Cornered by COSASE, BoU’s Kasekende pleads with Auditor General to submit previously ‘missing’ evidence on BoU’s UGX478bn liquidity support

Muhereza KyamuteteraCompany NewsThe Big StoryApril 5, 2019April 6, 2019

The Auditor General (AG) Mr John F.S Muwanga, has declined to consider documents from Bank of Uganda that could hold clues to how UGX270bn out of the UGX478.8bn that was allegedly used to recapitalise the defunct Crane Bank was used, because they were submitted late. According to a leaked letter from the office of the Auditor General, that this news…

Exposed: Was Bagyenda in cahoots with dfcu Bank officials and lawyers to illegally transfer Shs570 billions of Crane Bank’s bad loan book?

Muhereza KyamuteteraThe Big StoryNovember 5, 2018November 5, 2018

A letter, said to have been authored by disgraced former Bank of Uganda, Executive Director, lifting key anti money laundering reporting requirements for dfcu Bank in regard to a Shs570…