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Tag: Deputy Governor Bank of Uganda

Housing Finance Bank Dragged to Court.

Housing Finance Bank Dragged to Court.

Business, FEATURED, NEWS
By Keefa Nuwahereza Housing Finance Bank was dragged to court over fraudulent sale of city property at 8billion rather than 30billion at the current market value. A city businesswoman and widow has dragged Housing Finance Bank to court over fraudulent sale of her property at Kyadondo Road Nakasero in Kamapala. Ida May Kwesiga who owns Mayflower Apartments sitting on an acre of land at Nakasero has ran to land division of the high court in Kampala to sue Housing Finance Bank together with Balaji Group East Africa limited. The businesswoman says she entered into an agreement with bank in 2013 to develop her property by erecting the apartments and the bank approved a loan of $2.7m to her, which was to be paid back in 10 years. According to court documents, the loan fac...
BoU Deputy Governor Kasekende’s Days Numbered, Museveni Wielding Axe Soon

BoU Deputy Governor Kasekende’s Days Numbered, Museveni Wielding Axe Soon

FEATURED, NEWS
By Keefa Nuwahereza Dr Louis Kasekende's days as Deputy  Governor Bank of Uganda are numbered because his contract is left with a few days to expire, yet President Yoweri Museveni has opted leave the matter unattended to, for now at least.  Dr Kasekende, who has been seen by many as Prof. Emmanuel Mutebile’s natural successor, but his contract runs out on 13th January 2020. With less than two weeks to go, the appointing authority is silent on the matter, something that is raising eyebrows in the corridors and offices of Bank of Uganda. Sources close to corridors of power say, this is the first time the appointing authority is doing this. Normally he makes a decision, renews or appoints a new person well within time. It should also be noted that parliament which vets appoint...
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