Parliamentary Public Accounts Committee on Statutory Authorities and State Enterprises (PAC-COSASE)

THE 24-YEAR UNSOLVED QUESTION: Did Bank of Uganda seize and sell the assets of the wrong Co-operative Bank?

by Muhereza KyamuteteraIndustry & AnalysisNews & AnalysisThe Big StoryJanuary 25, 2023January 25, 2023

Twenty-four (24) years, after Bank of Uganda, seized and sold the assets of the Co-operative Bank, the mystery of the ownership of the bank that was sold remains unresolved. This…

Commissions, Statutory Authorities and State Enterprises (COSASE) rejects Uganda Airlines plea to bar media from meetings

by CEO ReporterNews & AnalysisAugust 24, 2022August 24, 2022

The Public Accounts Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has rejected a request by Uganda Airlines to bar the media from covering its proceedings. The national air…

Parliament’s recommendations on departed Asians property are illegal, unimplementable and could cost the government billions in court suits—Attorney-General advises

by Muhereza KyamuteteraGovernment AgenciesPolitics & GovernmentThe Big StoryMarch 29, 2022March 29, 2022

March 11, 2022 The Hon Minister of Finance, Planning and Economic Development Dear Colleague, RE: THE DEPARTED ASIANS EXPROPRIATE ASSETS As a result of the debate that has taken place…

Parliament Report Pins KCCA, Orders Recovery of NSSF Remittance for Pensionable Staff

by Thembo Kahungu MisairiFinanceApril 28, 2021April 28, 2021

The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has faulted the Kampala Capital City Authority (KCCA) causing a financial loss to the government by remitting 10 percent…

CID confirms commencing investigations against Kasekende, Bagyenda and Sekabira

by The CEO Magazine TeamThe Big StoryJuly 5, 2020July 5, 2020

Slightly over two years after an investigation by the Parliamentary Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) ended, with stern recommendations to punish Bank…

I am not on a criminal, Businessman Allibhai blasts MPs for defaming him

by CEO ReporterFinanceJune 24, 2020June 24, 2020

Businessman Mohammed Allibhai has put the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) on notice over defamatory remarks depicting him as a criminal. Mr. Allibhai, a Ugandan…

Presidential Committee recommends urgent and comprehensive sweeping Central Bank reforms

by Muhereza KyamuteteraGovernment AgenciesParliamentState HouseThe Big StoryJune 29, 2019June 29, 2019

A committee appointed by President Yoweri Museveni to study several complaints made to the Inspectorate of Government and Parliament about Bank of Uganda, has recommended “urgent and comprehensive review” of…