Minister Kasaija Regrets BOU Action To Sell Crane Bank

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By Kitts D.Mabonga As the country continues to reflect on the shocking actions the Central bank undertook while  shutting down commercial banks that were not performing to expectations,a senior line minister has also poured cold water on that very transaction. While appearing before  the house committee probing the bank of Uganda sale of seven  commercial banks today, the minister of finance planning  and economic development Martia Kasaija has regretted as to why that incident happened. Kasaija told the COCASE committee chaired by Abdu Katuntu that he was disappointed that the…

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Liquidity Crisis Hits Dfcu Bank Hard ,Fails to Secure loans from Bou After hitting inter Bank Borrowing Limit

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The situation at the troubled DFCU bank has gone from being worse to worst following a huge liquidity crisis that hit the bank in recent times. According to high ranking official at the Nakasero based bank headquarters, the managing director Juma Kisami and the board of directors have run to the Bank of Uganda for a crisis meeting. Kisami and his group requested the Central bank to put a lien on the treasury bills and help them borrow money to enable them run business. A lien is a form of…

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