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Over US$400m to refinance Bujagali hydropower project

The International Finance Corporation (IFC) and Multi Investment Guarantee Agency (MIGA) have approved a new plan to refinance more than US$400m of loans to...

BoU, IGG up in arms over Bagyenda retirement

The Bank of Uganda Governor Professor Emmanuel Tumusiime Mutebile has written a terse letter to the Inspector General of Government (IGG) Justice Irene Mulyagonja...

Museveni suspends Immigration top officials

President Yoweri Museveni has suspended two Immigration directorate officials pending investigations by police and Inspectorate of Government The two are Godfery Sasaga, the Director Immigration...

Bagyenda quizzed by IGG over unexplained wealth

The sacked former Executive Director of Supervision of commercial banks at Bank of Uganda Justine Bagyenda yesterday afternoon faced a scorching time as...

High transaction costs, risks responsible for high interest rates-Kasekende

The Deputy Governor of Bank of Uganda Dr Louis Kasekende has said that the average lending rates in the country are high because of...

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