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Parliament queries why Ministry of Finance has allocated UGX481 bn to BoU for recapitalization; money, that BoU says is not necessary

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BoU Deputy Governor, Dr. Michael Atingi-ego. Fred Muwema argues that there can’t be a functioning deputy Governor when there is no functioning Governor to deputize.

Bank of Uganda, Uganda’s central bank does not need recapitalization in the 2021/2022 financial, according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of…

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