Tag: under capitalization

Cabinet Approves Establishment of Public University in Busoga Sub-Region

Education
“After discussing the proposal to establish Busoga University as a public university, Cabinet decided to name it Iganga University,” Lumumba said.

Omukama Nyabongo I Names Interim Government, Maintains Prime Minister Rwomiire

Culture 
Omukama Edward Rukiidi Nyabongo I, a son to Prince Christopher Paul Kiijanangoma and a grandson of Omukama George David Kamurasi Rukiidi ascended to the throne on September 29th, 2026, after the death of his cousin King Oyo Nyimba Kabamba Iguru Rukidi IV who succumbed to cancer at the age of 34 in the United states.  
Business

BOU Dissolves Mercantile Credit Bank Limited

“All creditors are requested to submit their claims to the office of the Director, Financial Stability, and Bank of Uganda within 30 days from the date the statement was issued, and any person possessing property of Mercantile Credit Bank Limited should deliver it to the director, Finance and Stability, Bank of Uganda.”
National News

BOU Liquidates EFC Uganda Limited, Revokes its license due...

The Bank of Uganda (BOU) has liquidated and revoked the license of EFC Uganda Limited, a Microfinance Deposit Undertaking...

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