Business
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1.4KCourt adjourns hearing of Sudhir, Sebalu and Lule ‘conflict of interest’ case
KAMPALA: The Commercial Court in Kampala on Wednesday adjourned the hearing of a case between business mogul Sudhir Ruparelia and law firm,...
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1.4KBoU Probe: KPMG paid Shs 900 million, fails to finalise Crane Bank audit
KAMPALA: International audit firm KPMG, a company that was contracted to audit the books of defunct Crane Bank has failed to complete...
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1.3KRegional funder to support US$985m EAC 5th Development Strategy
Arusha: The African Development Bank (AfDB) has promised to support the East African Community (EAC)’s 5th Development Strategy, which requires US$985 million...
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1.8KSouth African MTN Group to send officials to Uganda over CEO deportation
KAMPALA: The South African MTN Group is in preparations to send a delegation to Uganda to meet top government officials, following Thursday’s...
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1.4KShs270b injected in Crane Bank by BoU can’t be traced
KAMPALA: The Auditor General has, in a confidential report to the Speaker of Parliament, Ms Rebecca Kadaga, said the Shs272.6b which Bank...
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2.2KAuditor General blasts BoU for lack of Shs 478b accountability ‘spent’ on Crane Bank
PARLIAMENT: The Auditor General John Muwanga has confirmed that the Bank of Uganda (BoU) has no accountability for Shs478 billion officials claim...
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1.5KKisaame confirms Crane Bank being sold on phone
KAMPALA – The former Chief Executive Officer of dfcu, Juma Kisaame confirmed Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises...
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1.3KSudhir, co-directors put dfcu Bank on the spot over Shs 570bn Crane Bank bad book
KAMPALA: City tycoon Sudhir Ruparelia has on Wednesday challenged the unfair closure of his Crane Bank Ltd, putting its buyer dfcu Bank...
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1.3KBagyenda forced Crane Bank to buy National Bank of Commerce, says Sudhir
PARLIAMENT – The former executive director for commercial banks supervision at Bank of Uganda (BoU), Ms Justine Bagyenda, forced Crane Bank to...
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1.4KSudhir wants BoU to pay $23.3 million for closing Crane Bank illegally
PARLIAMENT: Billionaire Sudhir Ruparelia has on Wednesday told Parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) that Bank of Uganda (BoU) officials...