The Bank of Uganda has paid tribute to former governor Dr Emmanuel Tumusiime Mutebile, celebrating his legacy as one of the country’s most influential economic reformers at this year’s memorial lecture held at Makerere University. The event drew several dignitaries from government, academia and the business community. Those in attendance included the current Bank of…
The Supreme Court has ordered Bank of Uganda to pay businessman Sudhir Ruparelia and his firm Meera Investments Ltd Shs 1 billion as legal costs in their long-running dispute over the closure of Crane Bank. The conflict began in 2016 when the Bank of Uganda placed Crane Bank under receivership due to financial irregularities. In…
Once upon a time in Kampala, Uganda there was a bank called Commercial Bank of Africa (CBA) and a company named Kare Distribution Ltd. They had done business together, involving loans and accounts, but things went sour. In 2018, they ended up in a lower court to sort out their disagreement. Instead of fighting it…
