Finance Committee Approves BoU Recapitalisation Request

The Finance Committee of parliament has approved a request to recapitalise Bank of Uganda with Shillings 481billion in the 2020/2021 financial year. This is part of the recommendations in the Committee report on the National Budget Framework Paper on votes in the finance sector. In his presentation on Tuesday evening, the Finance Committee Chairperson, Henry Musasizi explained that the Bank…

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