The Uganda banking sector remains on tenterhooks with fears that two more banks face collapse, we can reveal. Cairo International Bank and UBA could have their management taken over by Bank of Uganda (BoU) according to the latest. Ever since Bank of Uganda took over Crane Bank, the financial sector in the country has been […]
The banking sector has been left in fear after Bank of Uganda’s decision to take over management of Crane Bank, the third largest financial institution in the country, ignited a fear and shaken trust in the country’s financial sector. Our Sources yesterday got a confidential report, showing billions of shillings has since been hurriedly withdrawn […]
Crane Bank insiders have spoken out following Bank of Uganda’s decision to take over management of the commercial bank and suspension of its board. For the last 6 months, Crane Bank management has been engaging Bank of Uganda as it also negotiated with potential investors to recapitalize, an insider at Crane Bank said expressing betrayal […]
The Bank of Uganda (BoU) has with effect from today, 20th October 2016, taken over management of Crane Bank Limited. Bank of Uganda (BoU) take over comes amid rumors that the bank was closing. ” I don’t normally comment on individual banks, however BoU is there to protect customers deposits and ensure a sound fine […]
Construction heavy weights ROKO Construct Company Limited has injected cash into Kids of Africa run for fun event slated for Sunday 8th November 2015. The ‘RUN FOR FUN’ is meant to raise funds for the building of a modern dental clinic, and to celebrate their 10th anniversary. This is the 5th edition of the “Run […]
