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Bank of Uganda building in Kampala. Courtesy Photo

BoU Issues Fresh Rules on Cash Rooms After Cash Theft at Mbale Currency Centre

Bank of Uganda (BoU) acting director of currency Dr Bazinzi Natamba has issued fresh rules regarding access of cash rooms at currency centres after cash was reportedly stolen at its Mbale Centre. In a statement issued on September 2, Dr Natamba noted that the guidelines were meant to “mitigate risks and

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Sudhir Ruparelia. Courtesy Photo

BoU Moves to Have Sudhir Ruparelia Court Victory Overturned

Bank of Uganda (BoU) and Crane Bank, under receivership, have announced they will appeal to have the court victory of tycoon Sudhir Ruparelia and Meera Investments quashed. On August 26, Justice David Wangutusi of the Commercial Division of the High Court in Kampala ruled that Crane Bank, under receivership, had no

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Bank of Uganda building in Kampala. Courtesy Photo

List: Here are BoU Officials Whose Wealth is Being Investigated by IGG

The inspector general of government (IGG) Irene Mulyagonja is investigating how over 50 Bank of Uganda (BoU) officials acquired their wealth. The investigation is being done in line with the Leadership Code Act 2002. The controversial sale of Crane Bank put BoU in the spotlight, with its director of supervision Justine Bagyenda’s

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