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BoU issues new tough rules to curb on Internal money theft

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Bank of Uganda (BOU) has issued new tough rules after an internal investigation revealed a theft of old currency at its Mbale branch. Dr...

Museveni reveals why Uganda has not yet developed to ‘His Desired...

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President Yoweri Museveni has said the journey to develop and transform Uganda has taken longer than it should due to lack of consensus...

Anarchy as BoU payment system is hacked Billions feared lost

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Kampala. The Central Bank yesterday suffered a mysterious failure of its real-time gross settlements (RTGS) system, forcing the Governor to suspend processing for large payments...

Ofwono Opondo says investigation is not about 90 billion extra money...

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Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of...

BoU Saga: Gov’t & BoU to print New Ugandan currency

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Members of parliament have advised the government to embark on the printing of a new currency in order to save the image of the...

More bank officials arrested as new details emerge on the 90...

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SIX top officials from Bank of Uganda (BOU) were on Wednesday arrested and questioned by Police and State House Anti-Corruption Unit over issues related...

BOU governor’s powers should be trimmed – COSASE

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The parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) has said the Constitution should be reviewed to stop the central bank governor from holding...

Cooperative Bank owners demand accountability of assets from BOU

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Almost 20 years down the road since Co-operative Bank was closed, shareholders and directors say they have since not had access to the evaluation report on...

NBC was illegally closed, say Mbabazi, Rukikaire

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Six years since the National Bank of Commerce (NBC) was closed, the stakeholders and directors believe the Central Bank acted outside the law and...

Lawyer accuses Bagyenda of lying to COSASE

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A top law firm has appeared to contradict the former executive director of supervision for commercial banks at Bank of Uganda (BoU), Justine Bagyenda’s earlier claims...

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