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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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Central Bank Closes Sudhir’s Forex Bureaus

Bank of Uganda has shut down forex bureaus belonging to city businessman Sudhir Ruparelia after their licences expired four months ago and were not renewed. The affected bureaus are Crane Forex Bureau at Speke Hotel, Crane Forex Bureau at Kampala Road, Karibu Forex Bureau at Mukwano Arcade on Namirembe Road; and Redfox

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