Parliamentary Public Accounts Committee on Statutory Authorities and State Enterprises (PAC-COSASE) Archives

Ghosts of the 7 defunct banks that Parliament found the Central Bank to have closed irregularly continue to haunt the Central Bank

THE 24-YEAR UNSOLVED QUESTION: Did Bank of Uganda seize and sell the assets of the wrong Co-operative Bank?

Twenty-four (24) years, after Bank of Uganda, seized and sold the assets of the Co-operative Bank, the mystery of the ownership of the bank that was sold remains unresolved. This has led

January 25, 2023

Business & Markets·News & Analysis·The Big Story

Uganda Airlines CEO Jenifer Bamuturaki appearing before the Committee on Commissions Statutory Authorities and State Enterprise of Parliament recently

Commissions, Statutory Authorities and State Enterprises (COSASE) rejects Uganda Airlines plea to bar media from meetings

The Public Accounts Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has rejected a request by Uganda Airlines to bar the media from covering its proceedings. The national air carrier, through

August 24, 2022

News & Analysis

Parliament’s recommendations on departed Asians property are illegal, unimplementable and could cost the government billions in court suits—Attorney-General advises

March 11, 2022 The Hon Minister of Finance, Planning and Economic Development Dear Colleague, RE: THE DEPARTED ASIANS EXPROPRIATE ASSETS As a result of the debate that has taken place in the

March 29, 2022

Politics & Goverment·The Big Story

Outgoing Kawempe South MP Mubarak Munyagwa who is also COSASE chair

Parliament Report Pins KCCA, Orders Recovery of NSSF Remittance for Pensionable Staff

The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has faulted the Kampala Capital City Authority (KCCA) causing a financial loss to the government by remitting 10 percent contribution to

April 28, 2021

Banking & Financial Services

The petitioners want Dr. Louis Kasekende the former Deputy Governor; Mrs Justine Bagyenda, the former Executive Director, Commercial Bank Supervision and Benedict Sekabira, the current Director Financial Markets Development to be brought to justice.

CID confirms commencing investigations against Kasekende, Bagyenda and Sekabira

Slightly over two years after an investigation by the Parliamentary Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) ended, with stern recommendations to punish Bank of Uganda

July 5, 2020

The Big Story

I am not on a criminal, Businessman Allibhai blasts MPs for defaming him

Businessman Mohammed Allibhai has put the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) on notice over defamatory remarks depicting him as a criminal. Mr. Allibhai, a Ugandan businessman, through

June 24, 2020

Banking & Financial Services

The Katuntu-led committee has recommended several sweeping changes both at BoU and in the laws setting up the central bank so as to align it with the constitution and improve accountability as the scandal prone central institution

Presidential Committee recommends urgent and comprehensive sweeping Central Bank reforms

A committee appointed by President Yoweri Museveni to study several complaints made to the Inspectorate of Government and Parliament about Bank of Uganda, has recommended “urgent and comprehensive review” of what it

June 29, 2019

Politics & Goverment·The Big Story